WEX Inc. Reaches New 12-Month High at $92.83 (WEX)
WEX (NYSE:WEX)’s share price reached a new 52-week high during trading hours on Wednesday, Analyst Ratings.Net reports. The company traded as high as $92.83 and last traded at $91.26, with a volume of 339,974 shares traded. The stock had previously closed at $87.33.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of WEX from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, August 14th. They now have a $86.00 price target on the stock, up previously from $77.00. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of WEX from $94.00 to $100.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Compass Point raised their price target on shares of WEX from $70.00 to $80.00 in a research note to investors on Friday, August 2nd. They now have a “neutral” rating on the stock.
WEX has a 1-year low of $64.92 and a 1-year high of $91.84. The stock has a 50-day moving average of $84.86 and a 200-day moving average of $78.. The company has a market cap of $3.539 billion and a price-to-earnings ratio of 29.91.
WEX (NYSE:WEX) last released its earnings data on Wednesday, October 30th. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.20 by $0.09. The company had revenue of $191.50 million for the quarter, compared to the consensus estimate of $190.30 million. On average, analysts predict that WEX will post $4.33 earnings per share for the current fiscal year.
WEX Inc, formerly Wright Express Corporation is a provider of corporate card payment solutions. The Company operates in two segments: Fleet Payment Solutions and Other Payment Solutions.
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