Workday’s Equal Weight Rating Reiterated at Barclays (WDAY)
Workday (NASDAQ:WDAY)‘s stock had its “equal weight” rating reissued by equities researchers at Barclays in a research report issued on Thursday. They currently have a $89.00 price objective on the stock, up from their previous price objective of $83.00. Barclays’ price objective would suggest a potential downside of 1.44% from the company’s previous close.
Workday (NASDAQ:WDAY) traded down 1.97% during mid-day trading on Thursday, hitting $88.52. 1,342,274 shares of the company’s stock traded hands. Workday has a 52 week low of $64.21 and a 52 week high of $116.47. The stock has a 50-day moving average of $83.77 and a 200-day moving average of $85.65. The company’s market cap is $16.376 billion. Workday also was the recipient of some unusual options trading on Monday. Traders bought 3,199 put options on the company. This represents an increase of 262% compared to the typical daily volume of 884 put options.
Workday (NASDAQ:WDAY) last released its earnings data on Wednesday, August 27th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.03. The company had revenue of $186.80 million for the quarter, compared to the consensus estimate of $177.31 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 73.6% on a year-over-year basis. Analysts expect that Workday will post $-0.54 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Workday in a research note on Thursday. They now have a $121.00 price target on the stock, up previously from $108.00. Separately, analysts at Robert W. Baird raised their price target on shares of Workday from $95.00 to $100.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Workday from $105.00 to $110.00 in a research note on Thursday. They now have a “buy” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Workday has a consensus rating of “Hold” and a consensus price target of $97.76.
Workday, Inc, is a provider of enterprise cloud-based applications for human capital management (NASDAQ:WDAY), payroll, financial management, time tracking, procurement and employee expense management.