WEX Inc (NYSE:WEX) has been assigned a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $203.00.

WEX has been the topic of several research reports. BTIG Research initiated coverage on shares of WEX in a report on Thursday, January 17th. They set a “buy” rating and a $198.00 price objective on the stock. William Blair restated an “outperform” rating on shares of WEX in a report on Thursday, March 21st. Morgan Stanley upped their price objective on shares of WEX from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. Barclays upped their price objective on shares of WEX from $222.00 to $238.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Finally, Mizuho upped their price objective on shares of WEX from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, March 21st.

Shares of WEX stock traded down $0.69 during trading on Friday, reaching $199.10. 422 shares of the company traded hands, compared to its average volume of 273,069. The company has a quick ratio of 1.47, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. WEX has a 1-year low of $131.35 and a 1-year high of $212.13. The company has a market capitalization of $8.56 billion, a PE ratio of 26.02, a PEG ratio of 1.53 and a beta of 1.53.

WEX (NYSE:WEX) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.19. WEX had a net margin of 8.84% and a return on equity of 17.88%. The firm had revenue of $381.90 million for the quarter, compared to the consensus estimate of $379.57 million. During the same quarter in the prior year, the company posted $1.81 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that WEX will post 8.64 EPS for the current fiscal year.

In other news, Director Michael E. Dubyak sold 15,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $200.00, for a total value of $3,000,000.00. Following the completion of the sale, the director now owns 43,008 shares in the company, valued at approximately $8,601,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David G. Cooper sold 167 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $186.05, for a total transaction of $31,070.35. Following the completion of the sale, the insider now owns 14,674 shares of the company’s stock, valued at approximately $2,730,097.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,569 shares of company stock valued at $7,496,575. Company insiders own 4.57% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ffcm LLC grew its position in WEX by 50.0% during the fourth quarter. Ffcm LLC now owns 210 shares of the business services provider’s stock valued at $29,000 after buying an additional 70 shares during the period. Ipswich Investment Management Co. Inc. bought a new position in WEX during the fourth quarter valued at about $32,000. Cresset Asset Management LLC grew its position in WEX by 127.8% during the first quarter. Cresset Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $39,000 after buying an additional 115 shares during the period. Advisory Services Network LLC grew its position in WEX by 79.2% during the fourth quarter. Advisory Services Network LLC now owns 405 shares of the business services provider’s stock valued at $57,000 after buying an additional 179 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in WEX by 20.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 302 shares of the business services provider’s stock worth $58,000 after purchasing an additional 52 shares during the period. Institutional investors own 99.70% of the company’s stock.

WEX Company Profile

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services.

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Analyst Recommendations for WEX (NYSE:WEX)

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