In a report issued on July 11, Daniel Fannon from Jefferies reiterated a Hold rating on Waddell & Reed (NYSE: WDR), with a price target of $21. The company’s shares closed yesterday at $18.35, close to its 52-week low of $17.53.
According to TipRanks.com, Fannon is a top 100 analyst with an average return of 15.9% and a 77.2% success rate. Fannon covers the Financial sector, focusing on stocks such as WisdomTree Investments, Gain Capital Holdings, and Federated Investors.
Waddell & Reed has an analyst consensus of Moderate Sell, with a price target consensus of $19.33.
Waddell & Reed’s market cap is currently $1.52B and has a P/E ratio of 11.12. The company has a Price to Book ratio of 1.71.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.
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Waddell & Reed Financial, Inc. provides investment advisory, investment management, investment product underwriting, distribution and administrative services. It operates through distinct distribution business channels: Advisors channel, Wholesale channel and Institutional channel.