Wageworks (WAGE) Stock Rating Reaffirmed by JMP Securities

Wageworks (NYSE:WAGE)‘s stock had its “outperform” rating reaffirmed by investment analysts at JMP Securities in a research report issued on Monday, The Fly reports. They presently have a $60.00 price objective on the business services provider’s stock, down from their previous price objective of $82.00. JMP Securities’ price target suggests a potential upside of 38.25% from the company’s previous close.

A number of other research firms also recently weighed in on WAGE. Zacks Investment Research downgraded Wageworks from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 13th. ValuEngine downgraded Wageworks from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. TheStreet downgraded Wageworks from a “b-” rating to a “c+” rating in a research report on Wednesday, March 7th. Finally, Needham & Company LLC assumed coverage on Wageworks in a research report on Friday. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $71.75.

How to Become a New Pot Stock Millionaire

Shares of WAGE opened at $43.40 on Monday. The stock has a market cap of $1,720.23, a PE ratio of 48.22, a price-to-earnings-growth ratio of 1.62 and a beta of 0.96. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. Wageworks has a 12-month low of $38.40 and a 12-month high of $76.55.

A number of large investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. lifted its position in Wageworks by 2.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 36,658 shares of the business services provider’s stock worth $2,225,000 after buying an additional 811 shares during the last quarter. New York State Common Retirement Fund increased its stake in Wageworks by 1.2% in the 3rd quarter. New York State Common Retirement Fund now owns 78,353 shares of the business services provider’s stock worth $4,756,000 after purchasing an additional 900 shares during the period. Louisiana State Employees Retirement System increased its stake in Wageworks by 6.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the business services provider’s stock worth $1,060,000 after purchasing an additional 1,000 shares during the period. LPL Financial LLC increased its stake in Wageworks by 26.7% in the 4th quarter. LPL Financial LLC now owns 5,242 shares of the business services provider’s stock worth $325,000 after purchasing an additional 1,106 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Wageworks by 3.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 38,733 shares of the business services provider’s stock worth $2,401,000 after purchasing an additional 1,225 shares during the period.

WARNING: “Wageworks (WAGE) Stock Rating Reaffirmed by JMP Securities” was published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3343276/wageworks-wage-stock-rating-reaffirmed-by-jmp-securities.html.

About Wageworks

WageWorks, Inc is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits.

The Fly

Receive News & Ratings for Wageworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wageworks and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Credits  Price Up 13.7% This Week
Credits Price Up 13.7% This Week
Apex  Price Hits $0.22 on Major Exchanges
Apex Price Hits $0.22 on Major Exchanges
Scry.info  24-Hour Volume Hits $849,453.00
Scry.info 24-Hour Volume Hits $849,453.00
Zacks: Analysts Expect Kinsale Capital Group  Will Post Quarterly Sales of $50.93 Million
Zacks: Analysts Expect Kinsale Capital Group Will Post Quarterly Sales of $50.93 Million
Brokerages Expect MB Financial Inc.  Will Announce Quarterly Sales of $247.80 Million
Brokerages Expect MB Financial Inc. Will Announce Quarterly Sales of $247.80 Million
RPC, Inc.  Expected to Announce Earnings of $0.28 Per Share
RPC, Inc. Expected to Announce Earnings of $0.28 Per Share


Leave a Reply

© 2006-2018 Ticker Report. Google+.