News stories about Wageworks (NYSE:WAGE) have been trending somewhat negative recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wageworks earned a coverage optimism score of -0.05 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 43.2769779040022 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
WAGE has been the subject of several recent research reports. TheStreet lowered shares of Wageworks from a “b-” rating to a “c+” rating in a report on Wednesday, March 7th. Needham & Company LLC initiated coverage on shares of Wageworks in a report on Friday. They set a “hold” rating for the company. Zacks Investment Research lowered shares of Wageworks from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 13th. Finally, ValuEngine lowered shares of Wageworks from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $75.67.
NYSE WAGE traded down $1.65 during mid-day trading on Friday, reaching $43.40. The stock had a trading volume of 1,709,993 shares, compared to its average volume of 411,808. Wageworks has a 1 year low of $38.40 and a 1 year high of $76.55. The firm has a market cap of $1,720.25, a P/E ratio of 48.22, a PEG ratio of 1.62 and a beta of 0.96. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.41.
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Wageworks Company Profile
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 (COBRA) and other employee benefits.
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