William Blair started coverage on shares of Wageworks (NYSE:WAGE) in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating on the business services provider’s stock.
Other equities research analysts have also recently issued reports about the company. ValuEngine cut Wageworks from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. TheStreet lowered shares of Wageworks from a “b-” rating to a “c+” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered shares of Wageworks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 26th. JMP Securities reaffirmed an “outperform” rating and issued a $60.00 price target (down from $82.00) on shares of Wageworks in a research note on Monday, April 9th. Finally, Needham & Company LLC began coverage on shares of Wageworks in a research note on Friday, April 6th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $69.80.
NYSE:WAGE opened at $47.45 on Wednesday. Wageworks has a 52 week low of $38.40 and a 52 week high of $74.40. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $1.78 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 1.67 and a beta of 0.97.
Wageworks Company Profile
WageWorks, Inc engages in administering consumer-directed benefits (CDBs), which empower employees to save money on taxes, as well as provides corporate tax advantages for employers in the United States. It administers CDBs, 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 offers commuter benefit services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act, and other employee benefits.
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