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.
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.
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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.
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