WEX (WEX) Receives Media Impact Score of 0.08
Headlines about WEX (NYSE:WEX) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WEX earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.5762053811651 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research analysts recently issued reports on WEX shares. TheStreet raised shares of WEX from a “c+” rating to a “b” rating in a report on Wednesday, November 1st. Keefe, Bruyette & Woods set a $130.00 price target on shares of WEX and gave the stock a “buy” rating in a report on Sunday, August 13th. BidaskClub raised shares of WEX from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) raised shares of WEX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $114.00 to $126.00 in a report on Monday, September 11th. Finally, Zacks Investment Research raised shares of WEX from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a report on Friday, October 13th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. WEX presently has a consensus rating of “Buy” and an average target price of $127.67.
WEX (NYSE:WEX) opened at $122.35 on Wednesday. WEX has a 1-year low of $97.26 and a 1-year high of $125.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $5,384.77, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.79 and a beta of 1.88.
WEX (NYSE:WEX) last issued its earnings results on Wednesday, November 1st. The business services provider reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.14. WEX had a net margin of 7.09% and a return on equity of 13.16%. The company had revenue of $324.00 million during the quarter, compared to analysts’ expectations of $312.57 million. During the same period last year, the company posted $1.25 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. equities research analysts anticipate that WEX will post 4.89 EPS for the current year.
WEX declared that its Board of Directors has initiated a share buyback plan on Tuesday, September 26th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In other news, CEO Melissa D. Smith sold 3,329 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $125.00, for a total transaction of $416,125.00. Following the completion of the transaction, the chief executive officer now directly owns 60,380 shares of the company’s stock, valued at approximately $7,547,500. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Hilary A. Rapkin sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $115.00, for a total transaction of $287,500.00. Following the transaction, the senior vice president now directly owns 15,224 shares of the company’s stock, valued at $1,750,760. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,500 shares of company stock valued at $1,487,505. 0.86% of the stock is currently owned by corporate insiders.
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WEX Company Profile
WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.
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