WellPoint PT Raised to $130.00 at Leerink Swann (WLP)

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WellPoint (NYSE:WLP) had its price target increased by Leerink Swann from $120.00 to $130.00 in a research report sent to investors on Wednesday morning. The firm currently has an outperform rating on the stock.

Shares of WellPoint (NYSE:WLP) opened at 108.63 on Wednesday. WellPoint has a one year low of $75.02 and a one year high of $110.03. The stock’s 50-day moving average is $102.8 and its 200-day moving average is $94.20. The company has a market cap of $30.381 billion and a P/E ratio of 14.06.

WellPoint (NYSE:WLP) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $2.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.14 by $0.16. The company had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter in the prior year, the company posted $2.94 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that WellPoint will post $8.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, June 6th.

A number of other analysts have also recently weighed in on WLP. Analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of WellPoint in a research note on Tuesday. They now have a $114.00 price target on the stock, up previously from $109.00. Separately, analysts at Zacks reiterated a neutral rating on shares of WellPoint in a research note on Friday, May 30th. They now have a $114.00 price target on the stock. Finally, analysts at FBR Capital Markets reiterated a market perform rating on shares of WellPoint in a research note on Thursday, May 1st. They now have a $110.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $111.29.

WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States.

To view Leerink Swann’s full report, visit Leerink Swann’s official website.

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