Barclays Reaffirms “Equal Weight” Rating for Workday (WDAY)
Workday (NASDAQ:WDAY)‘s stock had its “equal weight” rating reiterated by investment analysts at Barclays in a note issued to investors on Thursday. They currently have a $94.00 price objective on the stock, up from their previous price objective of $89.00. Barclays’ price target points to a potential upside of 6.09% from the company’s current price.
In other Workday news, Director Christa Davies unloaded 1,970 shares of Workday stock on the open market in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $88.28, for a total transaction of $173,911.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Workday (NASDAQ:WDAY) traded down 0.33% on Thursday, hitting $88.31. The stock had a trading volume of 786,539 shares. Workday has a one year low of $64.21 and a one year high of $116.47. The stock’s 50-day moving average is $84.7 and its 200-day moving average is $85.39. The company’s market cap is $16.277 billion.
Workday (NASDAQ:WDAY) last issued its quarterly 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 $-0.42 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Workday from $83.00 to $100.00 in a research note on Thursday, August 28th. Separately, analysts at Wedbush raised their price target on shares of Workday from $96.00 to $106.00 in a research note on Thursday, August 28th. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Workday from $108.00 to $121.00 in a research note on Thursday, August 28th. They now have a “buy” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $99.04.
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.
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