WEX Inc. (NYSE:WEX) Given Average Rating of "Hold" by Analysts

Shares of WEX Inc. (NYSE:WEX - Get Free Report) have been assigned a consensus rating of "Hold" from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Thirteen investment 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 brokers that have issued a report on the stock in the last year is $173.50.

Several research firms have recently issued reports on WEX. Zacks Research lowered shares of WEX from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of WEX in a report on Thursday, July 17th. They set a "hold" rating and a $150.00 target price for the company. UBS Group lifted their target price on shares of WEX from $138.00 to $185.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Morgan Stanley boosted their price objective on shares of WEX from $142.00 to $170.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Finally, William Blair restated a "market perform" rating on shares of WEX in a report on Friday, July 25th.

Insider Buying and Selling

In other WEX news, COO Carlos Carriedo sold 875 shares of WEX stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $171.68, for a total value of $150,220.00. Following the completion of the sale, the chief operating officer owned 5,270 shares of the company's stock, valued at approximately $904,753.60. The trade was a 14.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ann Elena Drew sold 1,931 shares of WEX stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $171.69, for a total transaction of $331,533.39. Following the completion of the sale, the insider directly owned 7,295 shares of the company's stock, valued at approximately $1,252,478.55. This trade represents a 20.93% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On WEX

Large investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. grew its position in WEX by 282.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 214 shares of the business services provider's stock worth $31,000 after purchasing an additional 158 shares during the period. Steph & Co. bought a new stake in WEX in the 3rd quarter worth approximately $35,000. Farther Finance Advisors LLC grew its position in WEX by 161.5% in the 1st quarter. Farther Finance Advisors LLC now owns 272 shares of the business services provider's stock worth $44,000 after purchasing an additional 168 shares during the period. Quarry LP bought a new stake in WEX in the 1st quarter worth approximately $44,000. Finally, SVB Wealth LLC bought a new stake in WEX in the 1st quarter worth approximately $49,000. Institutional investors own 97.47% of the company's stock.

WEX Price Performance

WEX stock opened at $152.37 on Wednesday. The firm has a 50 day moving average price of $166.59 and a 200-day moving average price of $150.06. WEX has a 52-week low of $110.45 and a 52-week high of $217.47. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.41 and a beta of 1.26. The company has a debt-to-equity ratio of 3.99, a quick ratio of 1.04 and a current ratio of 1.04.

About WEX

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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