WEX Inc (WEX) Receives $203.00 Consensus PT from Analysts
Shares of WEX Inc (NYSE:WEX) have received a consensus recommendation of “Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $203.00.
A number of equities analysts have recently weighed in on the company. Barclays increased their price target on WEX from $222.00 to $238.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. William Blair reiterated an “outperform” rating on shares of WEX in a report on Tuesday, April 30th. Robert W. Baird assumed coverage on WEX in a report on Thursday, April 4th. They set a “neutral” rating and a $220.00 price target for the company. BTIG Research set a $225.00 price target on WEX and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Finally, Morgan Stanley increased their price target on WEX from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd.
In related news, insider Hilary A. Rapkin sold 1,096 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $203.27, for a total transaction of $222,783.92. Following the transaction, the insider now owns 12,622 shares of the company’s stock, valued at approximately $2,565,673.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael E. Dubyak sold 15,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $200.00, for a total value of $3,000,000.00. Following the transaction, the director now directly owns 43,008 shares in the company, valued at approximately $8,601,600. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,165 shares of company stock valued at $8,224,684. Company insiders own 4.57% of the company’s stock.
NYSE:WEX traded down $0.83 during trading hours on Friday, hitting $201.91. The company had a trading volume of 196,458 shares, compared to its average volume of 355,238. The company has a quick ratio of 1.47, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. The stock has a market cap of $8.63 billion, a P/E ratio of 26.43, a PEG ratio of 1.54 and a beta of 1.53. WEX has a 1 year low of $131.35 and a 1 year high of $212.13.
WEX (NYSE:WEX) last issued its earnings results on Thursday, May 2nd. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.19. The company had revenue of $381.90 million during the quarter, compared to analysts’ expectations of $379.57 million. WEX had a return on equity of 17.88% and a net margin of 8.84%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.81 EPS. On average, equities analysts anticipate that WEX will post 8.64 earnings per share for the current year.
WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services.
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