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WageWorks (NYSE:WAGE) target price raised to $86.00, reported today by Chardan Capital

WageWorks (NYSE:WAGE) had its target bumped up to $86.00 by Chardan Capital in a report released 11/30/2016. The new target price indicates a potential upside of 0.17% from the company's previous stock price.

Previously on 11/16/2016, Zacks Investment Research released a statement about WageWorks (NYSE:WAGE) increased the target price from $0.00 to $81.00. At the time, this indicated a possible upside of 0.14%.

Just yesterday WageWorks (NYSE:WAGE) traded -0.88% lower at $73.30. WageWorks’s 50-day moving average is $64.37 and its 200-day moving average is $61.03. The last stock price is up 20.10% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 247,776 shares of WAGE traded hands, up from an avg. volume of 213,706

Performance Chart

WageWorks (NYSE:WAGE)

With a total market value of $0, WageWorks has PE ratio of 130.89 with a one year low of $38.99 and a one year high of $75.28 .

A total of 5 analysts have released a report on WageWorks. Four analysts rating the company a strong buy, three analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $59.60.

General Company Details For WageWorks (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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