Stock analysts at JPMorgan Chase & Co. lifted their price target on shares of WellPoint (NYSE:WLP) from $98.00 to $108.00 in a report issued on Monday, Analyst Ratings News reports. JPMorgan Chase & Co.’s price objective suggests a potential upside of 7.86% from the company’s current price.
WellPoint (NYSE:WLP) traded up 0.63% during mid-day trading on Monday, hitting $100.32. 887,369 shares of the company’s stock traded hands. WellPoint has a 52 week low of $64.35 and a 52 week high of $102.56. The stock’s 50-day moving average is $90.80 and its 200-day moving average is $88.87. The company has a market cap of $28.336 billion and a price-to-earnings ratio of 12.17.
WellPoint (NYSE:WLP) last announced its earnings results on Wednesday, January 29th. The company reported $0.87 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.87. The company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.75 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 16.3% on a year-over-year basis. On average, analysts predict that WellPoint will post $8.41 earnings per share for the current fiscal year.
WLP has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of WellPoint from $102.00 to $117.00 in a research note on Monday. Separately, analysts at Oppenheimer raised their price target on shares of WellPoint from $100.00 to $111.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of WellPoint from $106.00 to $130.00 in a research note on Monday. They now have a “positive” rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $104.82.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States.
Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.