Wageworks Inc (NYSE:WAGE) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Boasting a price of $60.77, Wageworks Inc (NYSE:WAGE) traded 0.89% higher on the day. With the last stock price close up 4.72% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Wageworks Inc has recorded a 50-day average of $61.99 and a two hundred day average of $58.14. Volume of trade was down over the average, with 101,639 shares of WAGE changing hands under the typical 193,086
Zacks Investment Research has upgraded Wageworks Inc (NYSE:WAGE) to Hold in a statement released on 10/12/2016.
On 06/09/2016, Stifel Nicolaus released a statement for Wageworks Inc (NYSE:WAGE) bumped up the target price from $59.00 to $69.00 that suggested an upside of 0.16%.
With a total market value of $0, Wageworks Inc has price-earnings ratio of 99.82 with a one year low of $38.99 and a one year high of $65.43 .
A total of 5 equity analysts have released a ratings update on WAGE. Four equity analysts rating the company a strong buy, three equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $59.60.
Brief Synopsis About Wageworks Inc (NYSE:WAGE)
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 and other employee benefits. Its CDB programs assist employees and their families in saving money by using pre-tax dollars to pay for certain of their healthcare, dependent care and commuter expenses. Employers financially benefit from its programs through reduced payroll taxes. Under its FSA, HSA and commuter programs, employee participants contribute funds from their pre-tax income to pay for qualified out-of-pocket healthcare expenses not covered by insurance, such as co-pays, deductibles and over-the-counter medical products, or for commuting costs.
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