WellPoint (NYSE: WLP)‘s stock had its “buy” rating reiterated by analysts at TheStreet in a research report issued to clients and investors on Monday, AnalystRatingsNetwork reports.
The analysts wrote, “WellPoint (WLP) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.”
WellPoint (NYSE: WLP) opened at 85.68 on Monday. WellPoint has a 1-year low of $52.52 and a 1-year high of $85.88. The stock’s 50-day moving average is currently $80.0. The company has a market cap of $25.735 billion and a price-to-earnings ratio of 10.11.
WellPoint (NYSE: WLP) last released its earnings data on Wednesday, April 24th. The company reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.56. The company had revenue of $17.55 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. WellPoint has set its FY13 guidance at at least $7.80 EPS. On average, analysts predict that WellPoint will post $8.02 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on WLP. Analysts at Susquehanna raised their price target on shares of WellPoint from $92.00 to $98.00 in a research note to investors on Friday. They now have a “positive” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of WellPoint in a research note to investors on Wednesday, July 10th. They now have a $98.00 price target on the stock, up previously from $92.00.
One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company. WellPoint currently has a consensus rating of “Hold” and an average price target of $79.13.
WellPoint, Inc (NYSE: WLP) is a health benefit company in terms of medical membership in the United States, serving 34.
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