WEX Inc. (NYSE:WEX) Receives $182.40 Average PT from Analysts

Shares of WEX Inc. (NYSE:WEX) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $182.40.

WEX has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of WEX from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. William Blair reaffirmed a “market perform” rating on shares of WEX in a research report on Thursday, February 6th. UBS Group cut their target price on WEX from $172.00 to $138.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Finally, Oppenheimer started coverage on WEX in a report on Thursday, May 15th. They set a “market perform” rating for the company.

Hedge Funds Weigh In On WEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEX. Barclays PLC boosted its holdings in WEX by 38.4% in the third quarter. Barclays PLC now owns 21,535 shares of the business services provider’s stock valued at $4,516,000 after purchasing an additional 5,972 shares during the period. Assenagon Asset Management S.A. purchased a new stake in WEX during the 4th quarter worth about $1,168,000. Hennion & Walsh Asset Management Inc. grew its position in shares of WEX by 16.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,292 shares of the business services provider’s stock worth $577,000 after buying an additional 455 shares in the last quarter. Empirical Asset Management LLC acquired a new position in shares of WEX during the fourth quarter worth about $399,000. Finally, Merit Financial Group LLC acquired a new position in shares of WEX during the fourth quarter worth about $200,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Performance

Shares of WEX stock opened at $137.22 on Friday. WEX has a one year low of $110.45 and a one year high of $217.47. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.06 and a beta of 1.26. The business’s 50 day moving average price is $136.08 and its 200 day moving average price is $160.04. 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 (NYSE:WEX) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.40 by $0.11. WEX had a net margin of 11.78% and a return on equity of 32.35%. The firm had revenue of $636.60 million during the quarter, compared to analyst estimates of $631.42 million. During the same quarter in the prior year, the firm posted $3.46 earnings per share. WEX’s quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts predict that WEX will post 14.09 EPS for the current 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.