Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $18.50 on Waddell & Reed Financial, Inc. (NYSE:WDR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.87 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Waddell & Reed Financial, Inc. (NYSE:WDR) stands at 8.42.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Waddell & Reed Financial, Inc. , the PEG ratio for coming 3-5 years is -1.50.
The technical analysis highlights that Waddell & Reed Financial, Inc. current is trading $-0.16 points away or -0.84% from its 50-day moving average of $18.63. Further it is trading $-2.14 or -10.37% away its 200-day moving average of $20.61.
The 52-week high of Waddell & Reed Financial, Inc. (NYSE:WDR) was $39.21 while lowest point recorded in 52-week was $15.70. It implies if stock price makes a movement of over $-20.74, it will record a new 52-week high. In the case of +17.64% drop, it will touch a new 52-week low.
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