WageWorks Price Target Increased to $72.00 by Analysts at JMP Securities (WAGE)
Investment analysts at JMP Securities hoisted their price target on shares of WageWorks (NASDAQ:WAGE) from $65.00 to $72.00 in a note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. JMP Securities’ price objective would indicate a potential upside of 19.48% from the stock’s previous close.
WageWorks (NASDAQ:WAGE) traded down 1.66% on Friday, hitting $59.26. 175,762 shares of the company’s stock traded hands. WageWorks has a 52-week low of $22.34 and a 52-week high of $68.31. The stock has a 50-day moving average of $60.82 and a 200-day moving average of $53.70. The company has a market cap of $2.050 billion and a price-to-earnings ratio of 102.14.
WageWorks (NASDAQ:WAGE) last released its earnings data on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $55.00 million for the quarter, compared to the consensus estimate of $53.90 million. Analysts expect that WageWorks will post $0.86 EPS 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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