WEX PT Raised to $109.00 at Keefe, Bruyette & Woods (WEX)
Investment analysts at Keefe, Bruyette & Woods increased their target price on shares of WEX (NYSE:WEX) from $100.00 to $109.00 in a note issued to investors on Thursday, StockRatingsNetwork reports. Keefe, Bruyette & Woods’ target price suggests a potential upside of 16.76% from the company’s current price.
Several other analysts have also 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. 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.
In other WEX news, SVP Hilary A. Rapkin unloaded 2,250 shares of the company’s stock on the open market in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $90.00, for a total value of $202,500.00. The sale was disclosed in a filing with the SEC, which is available at this link.
WEX (NYSE:WEX) traded up 2.48% on Thursday, hitting $93.35. 465,467 shares of the company’s stock traded hands. WEX has a 52-week low of $64.92 and a 52-week high of $92.83. The stock’s 50-day moving average is $86.40 and its 200-day moving average is $80.83. The company has a market cap of $3.627 billion and a P/E ratio of 31.20.
WEX (NYSE:WEX) last announced its earnings results on Wednesday, October 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that WEX will post $4.36 EPS 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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