WageWorks Inc Hits New 52-Week High at $63.15 (WAGE)
Shares of WageWorks (NASDAQ:WAGE) hit a new 52-week high during mid-day trading on Wednesday, StockRatingsNetwork.com reports. The stock traded as high as $63.15 and last traded at $62.93, with a volume of 193,487 shares trading hands. The stock had previously closed at $61.43.
A number of research firms have recently commented on WAGE. Analysts at JMP Securities raised their price target on shares of WageWorks from $40.00 to $65.00 in a research note to investors on Wednesday, November 6th. They now have a “market outperform” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of WageWorks from $40.00 to $65.00 in a research note to investors on Wednesday, November 6th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of WageWorks from $52.00 to $61.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $61.63.
WageWorks has a 1-year low of $17.57 and a 1-year high of $63.28. The stock’s 50-day moving average is $58.92 and its 200-day moving average is $48.12. The company has a market cap of $2.189 billion and a price-to-earnings ratio of 104.12.
WageWorks (NASDAQ:WAGE) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.01. The company had revenue of $53.60 million for the quarter, compared to the consensus estimate of $53.18 million. During the same quarter last year, the company posted $0.14 earnings per share. WageWorks’s revenue was up 26.1% compared to the same quarter last year. On average, analysts predict that WageWorks will post $0.74 earnings per share for the current fiscal year.
WageWorks, Inc is an on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits (NASDAQ:WAGE), in the United States.
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