WEX Inc. (NYSE:WEX) Receives Average Rating of “Hold” from Brokerages

Shares of WEX Inc. (NYSE:WEX) have been given a consensus rating of “Hold” by the twelve research firms that are covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $187.80.

A number of analysts have recently weighed in on WEX shares. Keefe, Bruyette & Woods reduced their price objective on shares of WEX from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Citigroup lowered shares of WEX from a “buy” rating to a “neutral” rating and cut their target price for the stock from $260.00 to $190.00 in a research report on Tuesday, January 14th. Wells Fargo & Company lowered their price target on WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Robert W. Baird set a $186.00 price objective on WEX in a research report on Tuesday, February 18th. Finally, William Blair restated a “market perform” rating on shares of WEX in a research note on Thursday, February 6th.

WEX Stock Performance

Shares of NYSE WEX opened at $154.69 on Friday. The business’s 50-day moving average price is $162.27 and its two-hundred day moving average price is $179.32. WEX has a one year low of $146.03 and a one year high of $244.04. The company has a market capitalization of $6.00 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. Analysts anticipate that WEX will post 14.09 earnings per share for the current fiscal year.

Institutional Trading of WEX

Several institutional investors have recently modified their holdings of WEX. CIBC Asset Management Inc raised its stake in shares of WEX by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 1,283 shares of the business services provider’s stock valued at $225,000 after purchasing an additional 65 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of WEX by 25.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after buying an additional 66 shares in the last quarter. Xponance Inc. raised its stake in shares of WEX by 1.4% in the 4th quarter. Xponance Inc. now owns 4,864 shares of the business services provider’s stock valued at $853,000 after buying an additional 68 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of WEX by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 11,175 shares of the business services provider’s stock worth $1,959,000 after acquiring an additional 70 shares during the period. Finally, Truvestments Capital LLC boosted its position in shares of WEX by 4.9% during the 4th quarter. Truvestments Capital LLC now owns 1,686 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 78 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

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.