Wageworks Inc (NYSE:WAGE) gapped down prior to trading on Thursday . The stock had previously closed at $52.70, but opened at $51.65. Wageworks shares last traded at $50.92, with a volume of 9,807,480 shares.
A number of research firms have recently weighed in on WAGE. Zacks Investment Research reissued a “hold” rating on shares of Wageworks in a report on Saturday, June 22nd. JMP Securities cut Wageworks from an “outperform” rating to a “market perform” rating in a report on Friday. William Blair cut Wageworks from an “outperform” rating to a “market perform” rating in a report on Thursday. Wells Fargo & Co cut Wageworks from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $45.00 to $50.00 in a report on Tuesday, May 7th. Finally, SunTrust Banks upped their target price on Wageworks to $57.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Six equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $55.67.
The firm has a market cap of $2.03 billion, a PE ratio of 62.10 and a beta of 1.54. The business’s 50 day simple moving average is $50.63. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.
Wageworks Company Profile (NYSE:WAGE)
WageWorks, Inc is a leader in administering Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits.
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