Waddell & Reed Financial Receives New Coverage from Analysts at Susquehanna (WDR)
Analysts at Susquehanna began coverage on shares of Waddell & Reed Financial (NYSE:WDR) in a research report issued to clients and investors on Thursday. The firm set a “neutral” rating and a $56.00 price target on the stock. Susquehanna’s price objective would indicate a potential upside of 7.05% from the stock’s previous close.
A number of other firms have also recently commented on WDR. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Waddell & Reed Financial in a research note on Wednesday, July 30th. They now have a $60.00 price target on the stock, down previously from $66.00. Separately, analysts at Keefe, Bruyette & Woods downgraded shares of Waddell & Reed Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 30th. They now have a $63.00 price target on the stock, down previously from $74.00. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Waddell & Reed Financial has an average rating of “Hold” and an average price target of $75.95.
Shares of Waddell & Reed Financial (NYSE:WDR) traded up 0.46% on Thursday, hitting $52.5525. The stock had a trading volume of 189,653 shares. Waddell & Reed Financial has a one year low of $47.20 and a one year high of $76.46. The stock’s 50-day moving average is $59.18 and its 200-day moving average is $65.01. The company has a market cap of $4.439 billion and a P/E ratio of 14.62.
Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, July 29th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.07. The company had revenue of $400.60 million for the quarter, compared to the consensus estimate of $405.90 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. On average, analysts predict that Waddell & Reed Financial will post $3.77 earnings per share 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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