WEX Research Coverage Started at Deutsche Bank (WEX)
Equities researchers at Deutsche Bank assumed coverage on shares of WEX (NYSE:WEX) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $124.00 price target on the stock. Deutsche Bank’s price objective points to a potential upside of 8.27% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on WEX. 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 research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $115.50.
WEX (NYSE:WEX) traded down 0.81% during mid-day trading on Thursday, hitting $113.60. 63,824 shares of the company’s stock traded hands. WEX has a 52-week low of $78.18 and a 52-week high of $118.30. The stock has a 50-day moving average of $109.3 and a 200-day moving average of $99.00. The company has a market cap of $4.403 billion and a P/E ratio of 28.21.
WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the 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.
Receive News & Ratings for WEX Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEX Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.