RBC Capital Stick to Their Sell Rating for Waddell & Reed By Investing.com

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RBC Capital Stick to Their Sell Rating for Waddell & Reed

Oct 22, 2020 09:53PM ET

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RBC Capital analyst Kenneth Lee maintained a Sell rating on Waddell & Reed (NYSE:WDR) on Wednesday, setting a price target of $14, which is approximately 17.11% below the present share price of $16.89.

Lee expects Waddell & Reed to post earnings per share (EPS) of $0.38 for the fourth quarter of 2020.

The current consensus among 4 TipRanks analysts is for a Moderate Sell rating of shares in Waddell & Reed, with an average price target of $14.88.
The analysts price targets range from a high of $16.5 to a low of $13.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $240.03 million and a net profit of $23.63 million. The company's market cap is $1.15 billion.

According to TipRanks.com, RBC Capital analyst Kenneth Lee is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.7% and a 57.24% 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.

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