WEX Inc. (NYSE:WEX) Receives $187.80 Consensus PT from Brokerages

WEX Inc. (NYSE:WEX) has earned a consensus rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $187.80.

Several equities analysts have recently issued reports on the stock. Bank of America downgraded shares of WEX from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Jefferies Financial Group lifted their target price on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. UBS Group decreased their price target on WEX from $200.00 to $172.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company cut their price objective on WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of WEX from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, February 7th.

WEX Trading Down 11.0 %

NYSE WEX opened at $126.88 on Friday. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. WEX has a twelve month low of $124.30 and a twelve month high of $242.44. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. The business’s fifty day moving average is $158.97 and its 200 day moving average is $177.75.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. As a group, sell-side analysts expect that WEX will post 14.09 EPS for the current fiscal year.

Institutional Investors Weigh In On WEX

A number of large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of WEX by 298.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,769 shares of the business services provider’s stock worth $2,239,000 after purchasing an additional 9,561 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in shares of WEX during the fourth quarter valued at approximately $25,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of WEX by 11.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,971 shares of the business services provider’s stock worth $34,007,000 after purchasing an additional 19,534 shares during the period. Vident Advisory LLC lifted its holdings in shares of WEX by 4.3% in the 4th quarter. Vident Advisory LLC now owns 8,497 shares of the business services provider’s stock worth $1,490,000 after purchasing an additional 354 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new stake in WEX in the 4th quarter valued at $2,049,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

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.