Waddell & Reed Financial (WDR) Receives Price Target

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.

Waddell & Reed Financial (WDR) : The consensus on Waddell & Reed Financial (WDR) based on 6 analyst recommendation on the company stock is 2.88, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Waddell & Reed Financial (WDR).


Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Waddell & Reed Financial (NYSE:WDR). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup 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): The stock opened at $18.67 on Thursday but the bulls could not build on the opening and the stock topped out at $18.69 for the day. The stock traded down to $17.96 during the day, due to lack of any buying support eventually closed down at $18.04 with a loss of -3.01% for the day. The stock had closed at $18.60 on the previous day. The total traded volume was 1,227,914 shares.

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.

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