Deutsche Bank boosted their price objective on shares of WellPoint (NYSE: WLP) from $76.00 to $85.00 in a research note issued on Tuesday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would suggest a potential downside of 0.79% from the stock’s previous close.
Shares of WellPoint (NYSE: WLP) traded down 0.37% during mid-day trading on Tuesday, hitting $85.365. WellPoint has a 52 week low of $52.52 and a 52 week high of $85.88. The stock’s 50-day moving average is currently $80.0. The company has a market cap of $25.640 billion and a P/E ratio of 10.11.
WellPoint (NYSE: WLP) last released its earnings data on Wednesday, April 24th. The company reported $2.94 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that WellPoint will post $8.02 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of WellPoint in a research note to investors on Monday. Separately, 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. Finally, 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 research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $79.69.
WellPoint, Inc (NYSE: WLP) is a health benefit company in terms of medical membership in the United States, serving 34.