JMP Securities Lowers Wageworks (WAGE) to Market Perform
JMP Securities downgraded shares of Wageworks (NYSE:WAGE) from an outperform rating to a market perform rating in a research note released on Thursday, MarketBeat Ratings reports.
Other research analysts have also recently issued reports about the stock. SunTrust Banks lowered their price target on shares of Wageworks to $62.00 and set a buy rating for the company in a research report on Wednesday, May 23rd. Stifel Nicolaus lowered their price target on shares of Wageworks from $80.00 to $64.00 and set a buy rating for the company in a research report on Wednesday, June 27th. Zacks Investment Research raised shares of Wageworks from a sell rating to a hold rating in a research report on Friday, August 10th. ValuEngine raised shares of Wageworks from a sell rating to a hold rating in a research report on Thursday, July 5th. Finally, William Blair initiated coverage on shares of Wageworks in a research report on Wednesday, May 30th. They set an outperform rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $65.40.
Shares of NYSE WAGE opened at $41.05 on Thursday. Wageworks has a 1 year low of $38.40 and a 1 year high of $65.80. The stock has a market cap of $1.95 billion, a P/E ratio of 39.28 and a beta of 1.37.
Wageworks Company Profile
WageWorks, Inc engages in the provision of consumer-directed benefits. It offers health card programs, health savings account, pre-tax spending accounts, medical and dental reimbursement arrangements, and transit and parking programs. The company was founded by Clem O’Donnell and Jon Kessler on January 28, 2000 and is headquartered in San Mateo, CA.
Read More: Price to Earnings Ratio (PE) Basics
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