WEX Inc. (NYSE:WEX) Receives Average Rating of “Moderate Buy” from Analysts

WEX Inc. (NYSE:WEX) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $240.00.

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on WEX from $205.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Mizuho upped their price target on WEX from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. TheStreet raised shares of WEX from a “c” rating to a “b” rating in a report on Thursday, February 8th. Robert W. Baird upped their target price on shares of WEX from $272.00 to $285.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Finally, Evercore ISI lifted their price target on shares of WEX from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th.

Insider Buying and Selling at WEX

In other news, CEO Melissa D. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $222.33, for a total value of $2,890,290.00. Following the transaction, the chief executive officer now owns 81,998 shares of the company’s stock, valued at $18,230,615.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Melissa D. Smith sold 13,000 shares of WEX stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $222.33, for a total value of $2,890,290.00. Following the sale, the chief executive officer now owns 81,998 shares of the company’s stock, valued at $18,230,615.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Sara Trickett sold 734 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $210.43, for a total transaction of $154,455.62. The disclosure for this sale can be found here. Insiders sold a total of 32,157 shares of company stock valued at $7,090,562 in the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Trading of WEX

Institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in WEX by 19,044.7% in the fourth quarter. International Assets Investment Management LLC now owns 35,992 shares of the business services provider’s stock valued at $7,002,000 after acquiring an additional 35,804 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of WEX by 2.7% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 866,363 shares of the business services provider’s stock valued at $177,076,000 after purchasing an additional 22,865 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of WEX by 2,524.0% in the fourth quarter. Handelsbanken Fonder AB now owns 163,844 shares of the business services provider’s stock valued at $31,876,000 after purchasing an additional 157,600 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in WEX by 56.1% during the third quarter. Schonfeld Strategic Advisors LLC now owns 141,287 shares of the business services provider’s stock worth $26,575,000 after buying an additional 50,771 shares in the last quarter. Finally, Burney Co. grew its position in WEX by 131.1% during the third quarter. Burney Co. now owns 21,120 shares of the business services provider’s stock worth $3,972,000 after buying an additional 11,983 shares during the period. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Stock Performance

Shares of WEX stock opened at $211.66 on Wednesday. The business has a 50-day simple moving average of $229.31 and a 200-day simple moving average of $205.01. The company has a market cap of $8.87 billion, a PE ratio of 34.42, a P/E/G ratio of 1.22 and a beta of 1.60. WEX has a one year low of $161.95 and a one year high of $244.04. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.06 and a current ratio of 1.06.

WEX (NYSE:WEX) last announced its quarterly earnings data 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 firm had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $656.75 million. WEX had a net margin of 10.21% and a return on equity of 30.92%. On average, equities research analysts forecast that WEX will post 13.96 EPS for the current fiscal year.

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.