WellCare Health Plans is Among the Companies in the Managed Health Care Industry With the Highest P/E Ratio (WCG, HNT, MGLN, HUM, CNC)
Below are the three companies in the Managed Health Care industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.
WellCare Health Plans ranks highest with a a P/E ratio of 33.01. Health Net is next with a a P/E ratio of 28.30. Magellan Health Services ranks third highest with a a P/E ratio of 25.18.
Humana follows with a a P/E ratio of 24.87, and Centene rounds out the top five with a a P/E ratio of 24.22.
SmarTrend recommended that subscribers consider buying shares of WellCare Health Plans on May 23rd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $96.79. Since that recommendation, shares of WellCare Health Plans have risen 16.9%. We continue to monitor WellCare Health Plans for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest p/e ratio wellcare health plans health net magellan health services Humana centene