WellPoint Reaches New 52-Week High (WLP)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- WellPoint (NYSE: WLP) hit a new 52-week high Wednesday as it is currently trading at $72.81, above its previous 52-week high of $72.79 with 808,320 shares traded as of 9:50 a.m. ET. Average volume has been two million shares over the past 30 days.

WellPoint has a market cap of $20.6 billion and is part of the health care sector and health services industry. Shares are up 13.8% year to date as of the close of trading on Tuesday.

WellPoint, Inc., a health benefits company, through its subsidiaries, offers network-based managed care plans to large and small employer, individual, Medicaid, and senior markets in the United States. The company operates through three segments: Commercial, Consumer, and Other. The company has a P/E ratio of 8.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates WellPoint as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full WellPoint Ratings Report.

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