Tags: barrons | wellcare | health | plans

Barron's: WellCare, 15 Percent Below 52-Week High, Has Room to Grow

wellcare health plans logo on the website homepage.

Piotr Trojanowski | Dreamstime.com

Monday, 25 February 2019 09:44 AM

Shares of WellCare Health Plans Inc. have room to grow as government Medicare and Medicaid insurance plans expand, according to Barron’s.

The company is poised for strong growth as state and federal entities outsource more contracts to the private sector, Barron's said. An aging U.S. population and the extension of Medicaid coverage to more people in most states make further expansion of the programs a certainty, Barron's said.

Those factors make the stock attractive as a long-term investment, Barron’s said.

The stock (WCG) added 0.8 percent to $276.26 on Friday, but WellCare is 15 percent below its 52-week high in October.

WellCare acts as an intermediary between consumers and health-care providers whose services are paid for by Medicaid, the government program for the poor, and Medicare, a government plan offered to people older than 65 or with disabilities.

The stock remains about 15 percent below its five-year average forward price/earnings ratio, said Barron’s.

© 2021 Thomson/Reuters. All rights reserved.


   
1Like our page
2Share
StreetTalk
Barron's: WellCare, 15 Percent Below 52-Week High, Has Room to Grow
barrons, wellcare, health, plans
153
2019-44-25
Monday, 25 February 2019 09:44 AM
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved