WellPoint Stock Rating Reaffirmed by JPMorgan Chase & Co. (WLP)

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WellPoint (NYSE:WLP)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday. They currently have a $114.00 price target on the stock, up from their previous price target of $109.00. JPMorgan Chase & Co.’s price target indicates a potential upside of 4.94% from the company’s current price.

WLP has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of WellPoint in a research note on Thursday, May 1st. They now have a $101.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. WellPoint presently has an average rating of “Hold” and a consensus price target of $111.29.

WellPoint (NYSE:WLP) traded down 0.31% during mid-day trading on Tuesday, hitting $108.29. The stock had a trading volume of 94,084 shares. WellPoint has a 52 week low of $75.02 and a 52 week 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 $30.286 billion and a price-to-earnings ratio of 14.14.

WellPoint (NYSE:WLP) last posted its quarterly earnings results 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. Analysts expect that WellPoint will post $8.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Investors 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.

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

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