WEX Inc. (NYSE:WEX – Get Rating) has earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $204.40.
A number of brokerages have commented on WEX. Barclays cut their price target on shares of WEX from $220.00 to $211.00 and set an “overweight” rating on the stock in a research report on Thursday, September 15th. Mizuho upped their price target on shares of WEX from $212.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Wells Fargo & Company cut their price target on shares of WEX from $210.00 to $194.00 and set an “overweight” rating on the stock in a research report on Thursday, September 8th. Evercore ISI reaffirmed an “outperform” rating and set a $230.00 price target on shares of WEX in a research report on Thursday, June 2nd. Finally, Citigroup upgraded shares of WEX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $190.00 to $210.00 in a report on Thursday, June 9th.
Insider Buying and Selling
In related news, insider Melanie J. Tinto sold 766 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $165.69, for a total value of $126,918.54. Following the sale, the insider now owns 6,353 shares in the company, valued at approximately $1,052,628.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other WEX news, COO Robert Joseph Deshaies sold 1,200 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $170.16, for a total value of $204,192.00. Following the completion of the sale, the chief operating officer now owns 8,827 shares in the company, valued at approximately $1,502,002.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Melanie J. Tinto sold 766 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $165.69, for a total transaction of $126,918.54. Following the completion of the sale, the insider now owns 6,353 shares of the company’s stock, valued at approximately $1,052,628.57. The disclosure for this sale can be found here. Insiders have sold 2,730 shares of company stock worth $460,494 in the last quarter. Insiders own 1.00% of the company’s stock.
Institutional Investors Weigh In On WEX
WEX Stock Performance
Shares of WEX stock opened at $139.11 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.52. WEX has a twelve month low of $123.01 and a twelve month high of $197.70. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 0.64 and a beta of 1.55. The company’s fifty day moving average is $160.47 and its 200 day moving average is $163.26.
WEX (NYSE:WEX – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The business services provider reported $3.28 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.25. WEX had a net margin of 9.23% and a return on equity of 24.68%. The company had revenue of $598.20 million for the quarter, compared to analysts’ expectations of $571.33 million. During the same quarter in the previous year, the firm posted $1.93 earnings per share. WEX’s revenue for the quarter was up 30.2% on a year-over-year basis. Sell-side analysts forecast that WEX will post 11.81 EPS for the current year.
WEX Inc provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements.
- Get a free copy of the StockNews.com research report on WEX (WEX)
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