Cramer Sees WellPoint (WLP) At $91 Next Year

Recent Articles by Craig Jones

CNBC

Long Ideas

Jim Cramer

Trading Ideas

Media

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.


There are 0 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.

Post new comment

The content of this field is kept private and will not be shown publicly.