WEX Inc. (NYSE:WEX – Get Free Report) COO Robert Joseph Deshaies sold 175 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $189.44, for a total transaction of $33,152.00. Following the sale, the chief operating officer now directly owns 7,582 shares of the company’s stock, valued at approximately $1,436,334.08. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
WEX Stock Down 1.2 %
WEX opened at $183.85 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.87. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.47 and a beta of 1.57. WEX Inc. has a twelve month low of $165.51 and a twelve month high of $244.04. The company’s 50-day moving average price is $193.23 and its two-hundred day moving average price is $186.99.
WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $4.35 EPS for the quarter, beating analysts’ consensus estimates of $3.82 by $0.53. The company had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $688.03 million. WEX had a net margin of 12.45% and a return on equity of 31.35%. WEX’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.44 EPS. As a group, equities analysts expect that WEX Inc. will post 13.1 earnings per share for the current year.
Institutional Trading of WEX
Wall Street Analysts Forecast Growth
WEX has been the subject of several recent research reports. Robert W. Baird decreased their target price on shares of WEX from $285.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company reduced their price objective on shares of WEX from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on shares of WEX from $210.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Bank of America upped their price objective on shares of WEX from $238.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Wolfe Research downgraded shares of WEX from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.91.
Get Our Latest Research Report on WEX
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.
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