Analyst Ratings for WageWorks Inc. (WAGE)

Updated: 2017-07-27

Analysts covering WageWorks Inc. (NYSE:WAGE) have given it a consensus rating of Buy. WAGE had previously received a consensus rating of Buy a month ago.

7 analysts issued ratings on the stock, where 6 gave WAGE a buy rating, 0 gave an overweight rating, 1 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

A number of analysts gave price targets for WAGE. The most optimistic price target was 88, implying potential capital gains of 31.84 percent. The lowest price target was 82, which equates to a potential downside of 22.85 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 1.72 percent on average, compared to last month. That number becomes -1.16 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -1.36 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.25 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.

WAGE has an estimated earnings growth rate of 85.28 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. WAGE has a PEG ratio of 1.15.

In the trailing 52-weeks, WAGE hit 80.50 at the highest peak, while it's lowest trading point was 55.65. The current market price is above the trailing year's low by 19.95 percent, and 17.08 percent lower than its 52-week high. WAGE has a P/E ratio of 98.16. Investors typically compare the P/E ratio to a company's peers in the industry. The WAGE value stock report compares WAGE to some of its peers using value stock charts. The stock has a market capitalization of $2.64 billion. WAGE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.