WEX Inc. (NYSE:WEX) Receives $239.58 Consensus Price Target from Analysts

by · The Cerbat Gem

WEX Inc. (NYSE:WEX – Get Free Report) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $239.58.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of WEX from $210.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Keefe, Bruyette & Woods lowered their target price on shares of WEX from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. Wells Fargo & Company lowered their target price on shares of 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, William Blair raised shares of WEX to a “strong-buy” rating in a research note on Friday, July 26th.

View Our Latest Analysis on WEX

Insiders Place Their Bets

In other WEX news, COO Robert Joseph Deshaies sold 1,651 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.67, for a total value of $299,937.17. Following the completion of the sale, the chief operating officer now directly owns 7,757 shares in the company, valued at approximately $1,409,214.19. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Jagtar Narula sold 508 shares of WEX stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $200.00, for a total transaction of $101,600.00. Following the completion of the transaction, the chief financial officer now directly owns 7,120 shares in the company, valued at $1,424,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert Joseph Deshaies sold 1,651 shares of WEX stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.67, for a total transaction of $299,937.17. Following the transaction, the chief operating officer now owns 7,757 shares of the company’s stock, valued at $1,409,214.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,445 shares of company stock worth $997,707. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEX. KBC Group NV purchased a new position in WEX during the fourth quarter worth about $163,000. CIBC Private Wealth Group LLC boosted its holdings in WEX by 6.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,771 shares of the business services provider’s stock worth $734,000 after purchasing an additional 219 shares during the last quarter. Wellington Management Group LLP boosted its holdings in WEX by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 3,122,500 shares of the business services provider’s stock worth $607,482,000 after purchasing an additional 179,813 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in WEX by 3.8% during the fourth quarter. Fisher Asset Management LLC now owns 17,178 shares of the business services provider’s stock worth $3,342,000 after purchasing an additional 633 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in WEX by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 4,199,017 shares of the business services provider’s stock worth $816,919,000 after purchasing an additional 67,893 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Price Performance

WEX stock opened at $212.06 on Friday. The company has a fifty day moving average price of $191.65 and a 200-day moving average price of $196.81. The company has a market capitalization of $8.71 billion, a P/E ratio of 34.48, a PEG ratio of 1.25 and a beta of 1.55. WEX has a 52-week low of $161.95 and a 52-week high of $244.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.03 and a current ratio of 1.03.

WEX (NYSE:WEX – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.09. The firm had revenue of $673.50 million during 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, equities analysts expect that WEX will post 13.75 EPS for the current year.

WEX Company Profile

(Get Free Report

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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