Stock analysts at Jefferies Group hoisted their price objective on shares of Waddell & Reed Financial (NYSE:WDR) from $43.00 to $50.00 in a report issued on Thursday, Stock Ratings Network.com reports. Jefferies Group’s price objective would suggest a potential downside of 5.16% from the stock’s previous close.
Waddell & Reed Financial (NYSE:WDR) traded up 0.04% on Thursday, hitting $52.72. Waddell & Reed Financial has a 1-year low of $28.14 and a 1-year high of $53.09. The stock’s 50-day moving average is currently $47.07. The company has a market cap of $4.530 billion and a price-to-earnings ratio of 28.70.
Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.03. The company had revenue of $331.70 million for the quarter, compared to the consensus estimate of $329.30 million. During the same quarter last year, the company posted $0.52 earnings per share. Waddell & Reed Financial’s revenue was up 14.5% compared to the same quarter last year. Analysts expect that Waddell & Reed Financial will post $2.67 EPS for the current fiscal year.
A number of other firms have also recently commented on WDR. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Waddell & Reed Financial from $49.00 to $53.00 in a research note to investors on Wednesday. Separately, analysts at Credit Suisse raised their price target on shares of Waddell & Reed Financial from $44.00 to $51.00 in a research note to investors on Wednesday. Finally, analysts at Gabelli downgraded shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a research note to investors on Tuesday.
One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $44.89.
In other Waddell & Reed Financial news, COO Michael D. Strohm dumped 26,540 shares of the stock on the open market in a transaction that occured on Thursday, August 1st. The shares were sold at an average price of $52.90, for a total value of $1,403,966.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Waddell & Reed Financial, Inc is engaged in providing investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds and institutional and separately managed accounts.
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