WEX Inc. (NYSE:WEX) Receives Consensus Rating of "Hold" from Analysts

WEX Inc. (NYSE:WEX - Get Free Report) has earned an average rating of "Hold" from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $176.90.

WEX has been the topic of several research reports. Jefferies Financial Group lifted their price target on WEX from $130.00 to $135.00 and gave the company a "hold" rating in a research report on Tuesday, May 27th. UBS Group dropped their price target on WEX from $172.00 to $138.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Oppenheimer initiated coverage on WEX in a research report on Thursday, May 15th. They set a "market perform" rating on the stock. Finally, Wells Fargo & Company dropped their price target on WEX from $160.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th.

Insider Buying and Selling at WEX

In other WEX news, CAO Jennifer Kimball sold 1,400 shares of WEX stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $131.08, for a total transaction of $183,512.00. Following the completion of the transaction, the chief accounting officer owned 3,177 shares in the company, valued at approximately $416,441.16. This trade represents a 30.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Melissa D. Smith acquired 3,721 shares of WEX stock in a transaction on Thursday, May 29th. The shares were bought at an average price of $134.57 per share, with a total value of $500,734.97. Following the purchase, the chief executive officer directly owned 101,182 shares in the company, valued at approximately $13,616,061.74. The trade was a 3.82% increase in their position. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WEX

A number of institutional investors have recently modified their holdings of the business. Investment Management Corp VA ADV acquired a new stake in WEX in the 4th quarter worth about $25,000. State of Wyoming acquired a new stake in WEX in the 4th quarter worth about $35,000. Jones Financial Companies Lllp boosted its holdings in WEX by 108.4% in the 4th quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider's stock worth $43,000 after buying an additional 129 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 buying an additional 168 shares during the last quarter. Finally, Quarry LP acquired a new stake in WEX in the 1st quarter worth about $44,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Stock Performance

NYSE:WEX opened at $151.23 on Monday. The business's 50-day moving average price is $137.32 and its two-hundred day moving average price is $150.57. WEX has a twelve month low of $110.45 and a twelve month high of $217.47. The stock has a market cap of $5.18 billion, a P/E ratio of 19.49, a PEG ratio of 2.97 and a beta of 1.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.06.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.11. WEX had a return on equity of 37.90% and a net margin of 12.07%. The company had revenue of $636.60 million for the quarter, compared to analysts' expectations of $631.42 million. During the same period last year, the firm posted $3.46 EPS. WEX's revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts predict that WEX will post 14.09 EPS for the current fiscal year.

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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