WEX Inc. (NYSE:WEX) Receives $187.80 Average Target Price from Analysts

Shares of WEX Inc. (NYSE:WEX - Get Free Report) have received an average rating of "Hold" from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $185.80.

A number of equities research analysts have recently weighed in on WEX shares. UBS Group reduced their price objective on shares of WEX from $200.00 to $172.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Bank of America downgraded WEX from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. William Blair reiterated a "market perform" rating on shares of WEX in a report on Thursday, February 6th. Robert W. Baird set a $186.00 target price on WEX in a research report on Tuesday, February 18th. Finally, Mizuho lowered their price target on WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a report on Monday, February 10th.

Hedge Funds Weigh In On WEX

Institutional investors have recently modified their holdings of the business. Barclays PLC grew its position in WEX by 38.4% during the 3rd quarter. Barclays PLC now owns 21,535 shares of the business services provider's stock worth $4,516,000 after purchasing an additional 5,972 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of WEX during the third quarter worth about $2,507,000. Wilmington Savings Fund Society FSB acquired a new position in WEX in the 3rd quarter valued at about $35,000. Fifth Third Wealth Advisors LLC raised its stake in WEX by 265.1% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,280 shares of the business services provider's stock valued at $926,000 after acquiring an additional 3,834 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in WEX during the 4th quarter worth approximately $1,168,000. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Stock Up 0.6 %

NYSE:WEX traded up $0.74 during midday trading on Wednesday, reaching $130.65. The company had a trading volume of 103,148 shares, compared to its average volume of 548,301. WEX has a 12-month low of $110.45 and a 12-month high of $220.32. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.06 and a beta of 1.33. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. The stock's fifty day simple moving average is $144.15 and its 200-day simple moving average is $167.68.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. On average, sell-side analysts anticipate that WEX will post 14.09 earnings per share for the current fiscal 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.