Headlines about Wageworks (NYSE:WAGE) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Wageworks earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 44.4901409051783 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Wageworks opened at $45.10 on Friday, Marketbeat reports. The company has a market capitalization of $1.78 billion, a P/E ratio of 35.84, a PEG ratio of 1.67 and a beta of 0.97. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.41. Wageworks has a 1 year low of $38.40 and a 1 year high of $74.40.
Several research analysts have recently commented on the stock. SunTrust Banks lowered their target price on shares of Wageworks to $62.00 and set a “buy” rating on the stock in a report on Wednesday. ValuEngine raised shares of Wageworks from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. JMP Securities reaffirmed an “outperform” rating and set a $60.00 target price (down from $82.00) on shares of Wageworks in a report on Monday, April 9th. Zacks Investment Research cut shares of Wageworks from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 26th. Finally, Needham & Company LLC assumed coverage on shares of Wageworks in a report on Friday, April 6th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Wageworks currently has an average rating of “Hold” and an average target price of $69.80.
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.
Receive News & Ratings for Wageworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wageworks and related companies with MarketBeat.com's FREE daily email newsletter.