WEX Sets New 1-Year High at $115.63 (WEX)
WEX (NYSE:WEX) shares reached a new 52-week high during trading on Thursday , Analyst RN reports. The company traded as high as $115.63 and last traded at $115.14, with a volume of 62,065 shares changing hands. The stock had previously closed at $114.94.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of WEX in a research note on Wednesday, August 13th. 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $114.29.
The stock’s 50-day moving average is $108.0 and its 200-day moving average is $97.91. The company has a market cap of $4.476 billion and a price-to-earnings ratio of 28.31.
WEX (NYSE:WEX) last announced its earnings results 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.
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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