Shares of WEX Inc. (NYSE:WEX – Get Free Report) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $176.90.
A number of equities analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of WEX from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, May 27th. Robert W. Baird set a $186.00 price objective on WEX in a research report on Tuesday, February 18th. UBS Group reduced their price target on shares of WEX from $172.00 to $138.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company lowered their price target on WEX from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Finally, Oppenheimer began coverage on shares of WEX in a report on Thursday, May 15th. They set a “market perform” rating on the stock.
View Our Latest Research Report on WEX
Insider Activity
Hedge Funds Weigh In On WEX
A number of large investors have recently made changes to their positions in WEX. Investment Management Corp VA ADV purchased a new stake in shares of WEX in the 4th quarter valued at about $25,000. State of Wyoming bought a new stake in WEX in the fourth quarter valued at $35,000. Jones Financial Companies Lllp boosted its position in WEX by 108.4% during the 4th quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 129 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of WEX by 72.2% in the 4th quarter. Quadrant Capital Group LLC now owns 272 shares of the business services provider’s stock worth $48,000 after buying an additional 114 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of WEX by 161.5% in the 1st quarter. Farther Finance Advisors LLC now owns 272 shares of the business services provider’s stock worth $44,000 after buying an additional 168 shares during the last quarter. 97.47% of the stock is owned by institutional investors.
WEX Stock Down 1.6%
WEX stock opened at $137.73 on Thursday. WEX has a one year low of $110.45 and a one year high of $217.47. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. The firm has a market capitalization of $4.72 billion, a P/E ratio of 18.36, a P/E/G ratio of 2.06 and a beta of 1.22. The company has a 50-day simple moving average of $131.35 and a 200-day simple moving average of $154.39.
WEX (NYSE:WEX – Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.51 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.11. WEX had a return on equity of 32.35% and a net margin of 11.78%. The company had revenue of $636.60 million for the quarter, compared to the consensus estimate of $631.42 million. During the same quarter in the previous year, the business earned $3.46 EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts expect that WEX will post 14.09 earnings per share for the current year.
About WEX
WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.
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