WEX Inc. (NYSE:WEX) Receives $182.40 Consensus Target Price from Brokerages

Shares of WEX Inc. (NYSE:WEX - Get Free Report) have earned a consensus recommendation of "Hold" from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $182.40.

WEX has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on shares of WEX from $160.00 to $140.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Mizuho reduced their price objective on shares of WEX from $215.00 to $170.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Keefe, Bruyette & Woods reduced their price objective on shares of WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group increased their price objective on shares of WEX from $180.00 to $190.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Finally, William Blair reiterated a "market perform" rating on shares of WEX in a research note on Thursday, February 6th.

Institutional Trading of WEX

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC raised its holdings in shares of WEX by 399.9% during the first quarter. Jane Street Group LLC now owns 210,707 shares of the business services provider's stock worth $33,085,000 after purchasing an additional 168,558 shares during the period. Optimize Financial Inc acquired a new stake in shares of WEX during the first quarter worth $389,000. Empowered Funds LLC acquired a new stake in shares of WEX during the first quarter worth $394,000. United Services Automobile Association acquired a new stake in shares of WEX during the first quarter worth $400,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of WEX by 158.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider's stock worth $55,097,000 after acquiring an additional 215,036 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Stock Down 2.9%

Shares of WEX stock traded down $3.94 on Friday, hitting $133.20. The stock had a trading volume of 578,689 shares, compared to its average volume of 561,771. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 2.06 and a beta of 1.26. The stock's 50 day moving average is $136.08 and its 200-day moving average 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 has a 52-week low of $110.45 and a 52-week high of $217.47.

WEX (NYSE:WEX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The business services provider reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.11. The business had revenue of $636.60 million during the quarter, compared to the consensus estimate of $631.42 million. WEX had a net margin of 11.78% and a return on equity of 32.35%. The business's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.46 earnings per share. As a group, research analysts expect that WEX will post 14.09 earnings per share 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.