Cantor Fitzgerald Starts WellPoint (WLP) at Hold; Business Mixed, Waiting on Better Numbers
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Price: $77.49 --0%
Rating Summary:
6 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 21 | New: 18
Rating Summary:
6 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 21 | New: 18
Trade WLP Now!
Cantor Fitzgerald initiates coverage on WellPoint (NYSE: WLP) with a Hold. PT $75.00.
Analyst, Joseph D. France, said, "WellPoint marries a leading brand name with a national footprint and a lower cost structure that should deliver better returns than it has over the past couple of years. Adverse selection, losses in national accounts and a tough underwriting environment have been challenges, but cutting costs, making acquisitions, and buying back stock has helped offset some of this. We believe that WLP is relatively inexpensive at current levels, but would like to see a pickup in earnings growth and better enrollment momentum before buying."
For an analyst ratings summary and ratings history on WellPoint click here. For more ratings news on WellPoint click here.
Shares of WellPoint closed at $71.34 yesterday, with a 52 week range of $56.61-$80.90.
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Analyst, Joseph D. France, said, "WellPoint marries a leading brand name with a national footprint and a lower cost structure that should deliver better returns than it has over the past couple of years. Adverse selection, losses in national accounts and a tough underwriting environment have been challenges, but cutting costs, making acquisitions, and buying back stock has helped offset some of this. We believe that WLP is relatively inexpensive at current levels, but would like to see a pickup in earnings growth and better enrollment momentum before buying."
For an analyst ratings summary and ratings history on WellPoint click here. For more ratings news on WellPoint click here.
Shares of WellPoint closed at $71.34 yesterday, with a 52 week range of $56.61-$80.90.
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