Morgan Stanley (NYSE:MS) analyst Michael Cyprys maintained a Sell rating on Waddell & Reed (NYSE:WDR) Financial on Thursday, setting a price target of $13, which is approximately 16.18% below the present share price of $15.51.
Cyprys expects Waddell & Reed Financial to post earnings per share (EPS) of $0.32 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Strong Sell rating of shares in Waddell & Reed, with an average price target of $11.5.
The analysts price targets range from a high of $13 to a low of $10.5.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $263.73 million and a net profit of $39.39 million. The company's market cap is $1.01 billion.
According to TipRanks.com, Morgan Stanley analyst Michael Cyprys is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.8% and a 54.62% success rate.
Waddell & Reed Financial, Inc. provides investment advisory, investment management, investment product underwriting, distribution and administrative services. It operates through distinct distribution business channels: Unaffiliated channel, Wealth Management channel and Institutional channel. The company was founded by Chauncey Waddell and Cameron Reed in 1937 and is headquartered in Overland Park, KS.