WEX Inc. (NYSE:WEX) Given Consensus Recommendation of “Hold” by Brokerages

WEX Inc. (NYSE:WEX) has been assigned an average recommendation of “Hold” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $187.80.

A number of analysts have commented on WEX shares. Citigroup lowered shares of WEX from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $260.00 to $190.00 in a report on Tuesday, January 14th. Robert W. Baird set a $186.00 price objective on WEX in a report on Tuesday, February 18th. Keefe, Bruyette & Woods cut their target price on WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. William Blair reiterated a “market perform” rating on shares of WEX in a research report on Thursday, February 6th. Finally, Barclays lowered their target price on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th.

WEX Stock Up 0.7 %

NYSE WEX opened at $161.99 on Friday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. WEX has a 52 week low of $146.03 and a 52 week high of $244.04. The stock has a market capitalization of $6.29 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The stock has a fifty day moving average of $160.86 and a 200-day moving average of $178.50.

WEX (NYSE:WEX) last released its earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. On average, equities research analysts forecast that WEX will post 14.09 EPS for the current year.

Institutional Trading of WEX

A number of institutional investors have recently made changes to their positions in WEX. Investment Management Corp VA ADV acquired a new stake in WEX in the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of WEX in the third quarter valued at about $35,000. State of Wyoming bought a new stake in WEX during the fourth quarter worth about $35,000. Jones Financial Companies Lllp boosted its position in WEX by 108.4% during the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 129 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in WEX by 552.5% in the fourth quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 221 shares in the last quarter. 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.