RBC Capital analyst Kenneth Lee maintained a Sell rating on Waddell & Reed (NYSE:WDR) on Thursday, setting a price target of $14, which is approximately 9.68% below the present share price of $15.5.
Lee expects Waddell & Reed to post earnings per share (EPS) of $0.38 for the fourth quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Sell rating of shares in Waddell & Reed, with an average price target of $14.83.
The analysts price targets range from a high of $16.5 to a low of $14.
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 $1.1 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 6.3% and a 56.29% 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.