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Shares of Waddell & Reed Financial (NYSE:WDR) have earned an average recommendation of “Buy” from the twelve analysts that are covering the company, Stock Ratings Network.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $76.85.

Shares of Waddell & Reed Financial (NYSE:WDR) opened at 54.76 on Thursday. 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 $55.75 and its 200-day moving average is $63.77. The company has a market cap of $4.625 billion and a P/E ratio of 15.30.

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.

WDR has been the subject of a number of recent research reports. Analysts at Susquehanna initiated coverage on shares of Waddell & Reed Financial in a research note on Thursday, August 7th. They set a “neutral” rating and a $56.00 price target on the stock. Separately, 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. Finally, 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.

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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