WEX Inc. (NYSE:WEX – Get Free Report) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $239.58.
A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on WEX from $200.00 to $190.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Keefe, Bruyette & Woods lowered their target price on WEX from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. JPMorgan Chase & Co. dropped their price target on WEX from $210.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, William Blair raised WEX to a “strong-buy” rating in a research report on Friday, July 26th.
Read Our Latest Stock Report on WEX
Insider Activity
Institutional Investors Weigh In On WEX
A number of large investors have recently bought and sold shares of WEX. GAMMA Investing LLC bought a new stake in shares of WEX during the fourth quarter worth $27,000. Rise Advisors LLC bought a new stake in WEX during the 1st quarter worth about $29,000. Principal Securities Inc. acquired a new stake in WEX in the 4th quarter valued at about $31,000. International Assets Investment Management LLC bought a new position in shares of WEX in the second quarter worth about $33,000. Finally, Quarry LP lifted its position in shares of WEX by 717.4% during the second quarter. Quarry LP now owns 188 shares of the business services provider’s stock worth $33,000 after purchasing an additional 165 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors.
WEX Trading Up 0.3 %
Shares of NYSE WEX opened at $181.99 on Friday. The business has a 50 day simple moving average of $177.81 and a 200 day simple moving average of $202.44. WEX has a 52 week low of $161.95 and a 52 week high of $244.04. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 1.06 and a beta of 1.54. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.03 and a current ratio of 1.03.
WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.20 by $0.09. WEX had a net margin of 9.32% and a return on equity of 31.05%. The company had revenue of $673.50 million for the quarter, compared to analyst estimates of $677.44 million. On average, research analysts predict that WEX will post 13.73 earnings per share for the current fiscal year.
About WEX
WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.
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