Cramer Sees WellPoint (WLP) At $91 Next Year
CNBC's Mad Money Jim Cramer thinks that WellPoint (NYSE: WLP) will jump to $91 next year. Jim Cramer makes this call based on its historic price to earnings multiple of 14, and his prediction that WLP's EPS for 2010 will be $6.5 per share.
WellPoint's (WLP) current P/E is 10.5, and it closed today at $49.95. At this price Cramer thinks WLP is inexpensive, as he expects WLP's P/E to normalize to its historic levels.
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