Waddell & Reed Financial Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:WDR)
Shares of Waddell & Reed Financial (NYSE:WDR) have earned an average recommendation of “Buy” from the twelve analysts that are presently covering the stock, AnalystRatings.Net reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $76.85.
A number of research firms have recently commented on WDR. 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 (NYSE:WDR) opened at 54.50 on Thursday. Waddell & Reed Financial has a 52 week low of $47.20 and a 52 week high of $76.46. The stock’s 50-day moving average is $55.24 and its 200-day moving average is $63.62. The company has a market cap of $4.603 billion and a price-to-earnings ratio of 15.29.
Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. Analysts expect that Waddell & Reed Financial will post $3.77 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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