Shares of WEX Inc. (NYSE:WEX – Get Free Report) have received an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $239.58.
Several research analysts have weighed in on the stock. William Blair raised shares of WEX to a “strong-buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on WEX from $210.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wells Fargo & Company reduced their price target on WEX from $200.00 to $190.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods lowered their price objective on WEX from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th.
Check Out Our Latest Stock Analysis on WEX
Insider Activity
Institutional Investors Weigh In On WEX
Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in WEX in the 4th quarter valued at approximately $27,000. Rise Advisors LLC acquired a new position in shares of WEX during the first quarter worth $29,000. Principal Securities Inc. bought a new position in shares of WEX in the 4th quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in shares of WEX during the 2nd quarter valued at $33,000. Finally, Quarry LP grew its position in WEX by 717.4% during the 2nd quarter. Quarry LP now owns 188 shares of the business services provider’s stock worth $33,000 after acquiring an additional 165 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.
WEX Stock Up 0.3 %
WEX stock opened at $181.99 on Friday. WEX has a 1-year low of $161.95 and a 1-year high of $244.04. The business’s 50 day simple moving average is $177.81 and its 200 day simple moving average is $202.44. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $7.63 billion, a PE ratio of 29.59, a PEG ratio of 1.06 and a beta of 1.54.
WEX (NYSE:WEX – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $3.20 by $0.09. The firm had revenue of $673.50 million for the quarter, compared to the consensus estimate of $677.44 million. WEX had a net margin of 9.32% and a return on equity of 31.05%. As a group, research analysts anticipate that WEX will post 13.73 EPS for the current year.
WEX Company Profile
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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