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Cramer: WellPoint Goes to $90?

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MWM Member Level  Thursday, 11/05/09 08:59:40 AM
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Cramer: WellPoint Goes to $90?
Published: Wednesday, 4 Nov 2009 | 4:18 PM ET
Web Editor, Mad Money


WellPoint next year could shoot $40 higher than its Wednesday trading price, Cramer said during Stop Trading!, as long as the stock’s price-to-earnings multiple normalizes.

Cramer predicted $6.50 in 2010 earnings per share for the company, which, when given WLP’s [WLP 49.95] historic 14 price-to-earnings multiple, would propel the share price to Cramer’s new $91 target. The stock’s PE right now is 10.5.




“It’s on the move,” Cramer said of WellPoint.

According to Standard & Poor’s Director of Markets, Credit and Risk Strategies Richard Peterson, a New York Yankees win in the World Series is better for the markets. Find out what Cramer, a red-blooded Philadelphia Phillies fan, had to say about it.


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