Robert W. Baird Increases WEX (NYSE:WEX) Price Target to $285.00

WEX (NYSE:WEX) had its price objective upped by Robert W. Baird from $272.00 to $285.00 in a research report report published on Monday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other analysts have also recently issued reports on the stock. William Blair reaffirmed an outperform rating on shares of WEX in a research note on Thursday, February 8th. JPMorgan Chase & Co. upped their price objective on shares of WEX from $205.00 to $239.00 and gave the stock a neutral rating in a report on Friday, February 9th. TheStreet raised shares of WEX from a c rating to a b rating in a research report on Thursday, February 8th. StockNews.com lowered shares of WEX from a buy rating to a hold rating in a report on Tuesday, March 26th. Finally, Mizuho raised their price objective on shares of WEX from $225.00 to $235.00 and gave the company a buy rating in a report on Tuesday, February 13th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, WEX presently has a consensus rating of Moderate Buy and a consensus price target of $235.00.

WEX Stock Down 1.2 %

WEX stock opened at $232.98 on Monday. The stock has a market capitalization of $9.72 billion, a P/E ratio of 37.82, a P/E/G ratio of 1.53 and a beta of 1.59. The firm has a 50-day simple moving average of $227.61 and a 200-day simple moving average of $201.30. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.55. WEX has a 52 week low of $161.95 and a 52 week high of $244.04.

WEX (NYSE:WEX) last released its earnings results on Thursday, February 8th. The business services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). The company had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $656.75 million. WEX had a return on equity of 31.33% and a net margin of 10.46%. Equities analysts forecast that WEX will post 13.51 earnings per share for the current fiscal year.

Insider Buying and Selling at WEX

In other WEX news, SVP Sara Trickett sold 887 shares of WEX stock in a transaction on Friday, February 16th. The shares were sold at an average price of $224.61, for a total value of $199,229.07. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other WEX news, CFO Jagtar Narula sold 309 shares of WEX stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $233.24, for a total value of $72,071.16. Following the transaction, the chief financial officer now directly owns 5,528 shares in the company, valued at $1,289,350.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Sara Trickett sold 887 shares of WEX stock in a transaction on Friday, February 16th. The shares were sold at an average price of $224.61, for a total transaction of $199,229.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,433 shares of company stock worth $14,708,896. 1.10% of the stock is owned by company insiders.

Institutional Trading of WEX

Several hedge funds and other institutional investors have recently made changes to their positions in WEX. FinTrust Capital Advisors LLC purchased a new stake in shares of WEX in the fourth quarter valued at about $25,000. VisionPoint Advisory Group LLC boosted its holdings in shares of WEX by 74.7% in the third quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 62 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of WEX in the fourth quarter valued at about $27,000. Rise Advisors LLC purchased a new stake in shares of WEX in the first quarter valued at about $29,000. Finally, Principal Securities Inc. purchased a new stake in shares of WEX in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Company Profile

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.