WEX Given Average Recommendation of “Hold” by Analysts (NYSE:WEX)
Shares of WEX (NYSE:WEX) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, American Banking News.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $111.00.
Shares of WEX (NYSE:WEX) opened at 110.62 on Tuesday. WEX has a 52 week low of $78.18 and a 52 week high of $111.54. The stock has a 50-day moving average of $106.2 and a 200-day moving average of $96.5. The company has a market cap of $4.287 billion and a price-to-earnings ratio of 27.25.
WEX (NYSE:WEX) last released its earnings data on Wednesday, July 30th. The company reported $1.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.23 by $0.16. The company had revenue of $201.60 million for the quarter, compared to the consensus estimate of $195.30 million. Analysts expect that WEX will post $4.97 EPS for the current fiscal year.
A number of research firms have recently commented on WEX. Analysts at Jefferies Group raised their price target on shares of WEX from $111.00 to $125.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of WEX from $110.00 to $128.00 in a research note on Thursday, July 10th. Finally, analysts at Morgan Stanley initiated coverage on shares of WEX in a research note on Wednesday, July 9th. They set an “equal weight” rating and a $107.00 price target on the stock.
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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