Waddell & Reed Financial (WDR) : 1 brokerage houses believe that Waddell & Reed Financial (WDR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Waddell & Reed Financial (WDR). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 2.88.
Waddell & Reed Financial (WDR) : 5 Wall Street analysts covering Waddell & Reed Financial (WDR) believe that the average level the stock could reach for the short term is $20.8. The maximum price target given is $26 and the minimum target for short term is around $17, hence the standard deviation is calculated at $4.76.
Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Waddell & Reed Financial (NYSE:WDR). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $16 per share to $17 per share. The rating by the firm was issued on July 27, 2016.
Waddell & Reed Financial (NYSE:WDR): After opening at $17.84, the stock dipped to an intraday low of $17.82 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.39 and the buying power remained strong till the end. The stock closed at $18.14 for the day, a gain of 1.80% for the day session. The total traded volume was 674,573. The stocks close on the previous trading day was $17.82.
Waddell & Reed Financial, Inc. is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios, 529 college savings and Selector Management Fund SICAV and its Ivy Global Investors sub-funds and institutional and separately managed accounts. The Company operates its business through a distribution network. Its retail products are distributed through its Wholesale channel, which includes third parties, such as other broker/dealers, registered investment advisors and various retirement platforms or through its Advisors channel sales force of independent financial advisors. It also markets investment advisory services to institutional investors, either directly or through consultants, in its Institutional channel.