WEX (NYSE:WEX) PT Raised to $285.00

WEX (NYSE:WEX) had its price target hoisted by Robert W. Baird from $272.00 to $285.00 in a research report released on Monday, Benzinga reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

WEX has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their target price on shares of WEX from $205.00 to $239.00 and gave the stock a neutral rating in a research note on Friday, February 9th. Jefferies Financial Group lifted their price objective on shares of WEX from $235.00 to $240.00 and gave the company a hold rating in a research report on Friday, April 12th. Truist Financial lifted their price objective on shares of WEX from $185.00 to $220.00 and gave the company a hold rating in a research report on Friday, February 9th. Barclays lifted their price objective on shares of WEX from $240.00 to $255.00 and gave the company an overweight rating in a research report on Monday, February 12th. Finally, TheStreet upgraded shares of WEX from a c rating to a b rating in a research report on Thursday, February 8th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $240.00.

WEX Price Performance

NYSE WEX opened at $229.84 on Monday. WEX has a 12 month low of $161.95 and a 12 month high of $244.04. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 1.51 and a beta of 1.59. The company’s 50 day moving average is $229.30 and its two-hundred day moving average is $202.01. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.55.

WEX (NYSE:WEX) last released its earnings results on Thursday, February 8th. The business services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). WEX had a return on equity of 31.33% and a net margin of 10.46%. The firm had revenue of $663.30 million for the quarter, compared to the consensus estimate of $656.75 million. As a group, research analysts anticipate that WEX will post 13.55 earnings per share for the current year.

Insiders Place Their Bets

In other WEX news, SVP Sara Trickett sold 887 shares of WEX stock in a transaction on Friday, February 16th. The shares were sold at an average price of $224.61, for a total transaction of $199,229.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other WEX news, SVP Sara Trickett sold 887 shares of WEX stock in a transaction on Friday, February 16th. The shares were sold at an average price of $224.61, for a total transaction of $199,229.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Melissa D. Smith sold 41,107 shares of WEX stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $205.00, for a total transaction of $8,426,935.00. Following the transaction, the chief executive officer now directly owns 81,998 shares of the company’s stock, valued at $16,809,590. The disclosure for this sale can be found here. Insiders sold 69,433 shares of company stock valued at $14,708,896 over the last three months. 1.10% of the stock is owned by company insiders.

Institutional Trading of WEX

A number of large investors have recently made changes to their positions in WEX. FinTrust Capital Advisors LLC purchased a new stake in shares of WEX during the fourth quarter valued at $25,000. VisionPoint Advisory Group LLC boosted its stake in shares of WEX by 74.7% during the third quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 62 shares during the period. GAMMA Investing LLC purchased a new stake in shares of WEX during the fourth quarter valued at $27,000. Rise Advisors LLC purchased a new stake in shares of WEX during the first quarter valued at $29,000. Finally, Principal Securities Inc. purchased a new stake in shares of WEX during the fourth quarter valued at $31,000. 97.47% of the stock is owned by hedge funds and other institutional investors.

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.