WEX Given Average Rating of “Hold” by Brokerages (NYSE:WEX)
Shares of WEX (NYSE:WEX) have earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, AnalystRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $114.29.
WEX (NYSE:WEX) opened at 113.22 on Tuesday. WEX has a 52 week low of $78.18 and a 52 week high of $114.92. The stock has a 50-day moving average of $107.2 and a 200-day moving average of $97.18. The company has a market cap of $4.388 billion and a price-to-earnings ratio of 28.04.
WEX (NYSE:WEX) last issued its quarterly 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. On average, analysts predict that WEX will post $4.97 earnings per share for the current fiscal year.
A number of research firms have recently commented on WEX. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of WEX in a research note on Wednesday. They now have a $118.00 price target on the stock, up previously from $95.00. Separately, 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. Finally, 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.
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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