Share on StockTwits

RBC Capital upped their target price on shares of Waddell & Reed Financial (NYSE:WDR) from $78.00 to $83.00 in a research note issued on Wednesday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price suggests a potential upside of 21.54% from the stock’s previous close.

WDR has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods upgraded shares of Waddell & Reed Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $80.00 price target on the stock, down previously from $82.00. Separately, analysts at Gabelli upgraded shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $131.40 price target on the stock, up previously from $4.70. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Waddell & Reed Financial in a research note on Tuesday, April 15th. They now have a $74.50 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Waddell & Reed Financial currently has an average rating of “Buy” and a consensus price target of $80.09.

Shares of Waddell & Reed Financial (NYSE:WDR) traded up 0.74% during mid-day trading on Wednesday, hitting $68.29. 610,875 shares of the company’s stock traded hands. Waddell & Reed Financial has a 52-week low of $41.53 and a 52-week high of $76.46. The stock’s 50-day moving average is $70.33 and its 200-day moving average is $66.44. The company has a market cap of $5.795 billion and a P/E ratio of 22.93.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.03. The company had revenue of $390.40 million for the quarter, compared to the consensus estimate of $388.87 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 23.3% on a year-over-year basis. Analysts expect that Waddell & Reed Financial will post $3.76 EPS for the current fiscal year.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.