Jefferies Group Reiterates “Hold” Rating for Webster Financial Corp. (WBS)
Webster Financial Corp. (NYSE:WBS)‘s stock had its “hold” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports. They currently have a $27.00 price objective on the stock. Jefferies Group’s price objective points to a potential upside of 6.59% from the stock’s previous close.
Shares of Webster Financial Corp. (NYSE:WBS) traded up 1.48% on Tuesday, hitting $25.33. 848,654 shares of the company’s stock traded hands. Webster Financial Corp. has a one year low of $19.71 and a one year high of $28.29. The stock’s 50-day moving average is $26.4 and its 200-day moving average is $24.96. The company has a market cap of $2.287 billion and a P/E ratio of 12.99.
Webster Financial Corp. (NYSE:WBS) last posted its quarterly earnings results on Friday, July 12th. The company reported $0.48 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.48. During the same quarter last year, the company posted $0.44 earnings per share. On average, analysts predict that Webster Financial Corp. will post $1.92 earnings per share for the current fiscal year.
WBS has been the subject of a number of other recent research reports. Analysts at Sterne Agee upgraded shares of Webster Financial Corp. (NYSE:WBS) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $28.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Webster Financial Corp. (NYSE:WBS) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 16th. They now have a $30.50 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Webster Financial Corp. (NYSE:WBS) in a research note to investors on Thursday, September 12th. They now have a $31.00 price target on the stock.
Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $26.75.
Webster Financial Corporation (NYSE:WBS) is a bank holding company and financial holding company.
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