WellPoint (NYSE: WLP)‘s stock had its “buy” rating reaffirmed by equities researchers at TheStreet in a research report issued on Tuesday, StockRatingsNetwork 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, increase in net income, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.”
WLP has been the subject of a number of other recent research reports. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of WellPoint in a research note to investors on Tuesday, May 21st. They now have a $85.00 price target on the stock. Separately, analysts at Jefferies Group upgraded shares of WellPoint from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, May 14th. They now have a GBX 92 ($1.40) price target on the stock, up previously from GBX 75 ($1.14). Finally, analysts at Monness Crespi & Hardt raised their price target on shares of WellPoint from $90.00 to $109.00 in a research note to investors on Monday, May 13th. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $78.00.
Shares of WellPoint (NYSE: WLP) traded down 0.55% during mid-day trading on Tuesday, hitting $77.07. WellPoint has a one year low of $52.52 and a one year high of $79.60. The stock’s 50-day moving average is currently $74.46. The company has a market cap of $23.149 billion and a P/E ratio of 9.14.
WellPoint (NYSE: WLP) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $2.94 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.34 earnings per share. WellPoint’s revenue was up 15.8% compared to the same quarter last year. 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.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 25th. Stockholders of record on Monday, June 10th will be given a dividend of $0.38 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, June 6th.
WellPoint, Inc. (NYSE: WLP) is a health benefit company in terms of medical membership in the United States, serving 34.