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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 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.

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