WEX Inc (WEX) Given Consensus Rating of “Buy” by Brokerages
Shares of WEX Inc (NYSE:WEX) have received a consensus rating of “Buy” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $200.55.
A number of equities analysts recently issued reports on WEX shares. Robert W. Baird began coverage on WEX in a report on Thursday, April 4th. They issued a “neutral” rating and a $220.00 price objective for the company. BTIG Research set a $225.00 target price on shares of WEX and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Morgan Stanley raised 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. William Blair reissued an “outperform” rating on shares of WEX in a report on Thursday, March 21st. Finally, SunTrust Banks lifted their price target on shares of WEX from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st.
In other WEX news, insider Nicola S. Morris sold 992 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $184.05, for a total value of $182,577.60. Following the completion of the sale, the insider now owns 11,848 shares of the company’s stock, valued at $2,180,624.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David G. Cooper sold 167 shares of WEX stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $186.05, for a total value of $31,070.35. Following the sale, the insider now directly 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 90 days, insiders have sold 6,244 shares of company stock worth $1,204,713. Insiders own 4.57% of the company’s stock.
WEX stock traded up $0.59 during midday trading on Monday, hitting $203.17. 6,957 shares of the stock were exchanged, compared to its average volume of 336,665. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market cap of $8.74 billion, a PE ratio of 26.62, a P/E/G ratio of 1.59 and a beta of 1.52. WEX has a fifty-two week low of $131.35 and a fifty-two week high of $203.49.
WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, March 20th. The business services provider reported $1.94 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.01. The company had revenue of $381.20 million for the quarter, compared to analysts’ expectations of $372.57 million. WEX had a return on equity of 18.30% and a net margin of 11.18%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 earnings per share. As a group, equities research analysts predict that WEX will post 8.4 earnings per share for the current year.
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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