WEX - WEX Stock Forecast, Price & News

WEX Inc. provides financial technology services in the United States and internationally. 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. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is based in Portland, Maine.

WEX Stock Up 1.1 %

Shares of NYSE:WEX opened at $167.54 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.52. WEX has a 12 month low of $123.01 and a 12 month high of $197.70. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 0.74 and a beta of 1.55. The business has a 50-day moving average of $162.42 and a 200-day moving average of $164.82.

WEX (NYSE:WEX - Get Rating) last released its earnings results on Thursday, July 28th. The business services provider reported $3.28 earnings per share for the quarter, topping analysts' consensus estimates of $3.03 by $0.25. WEX had a return on equity of 24.68% and a net margin of 9.23%. The company had revenue of $598.20 million during the quarter, compared to the consensus estimate of $571.33 million. During the same quarter in the previous year, the company posted $1.93 EPS. WEX's quarterly revenue was up 30.2% compared to the same quarter last year. Sell-side analysts expect that WEX will post 11.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on WEX. Mizuho increased their price target on shares of WEX from $212.00 to $220.00 and gave the company a "buy" rating in a research note on Monday, August 1st. Evercore ISI reissued an "outperform" rating and issued a $230.00 price objective on shares of WEX in a research report on Thursday, June 2nd. Citigroup upgraded shares of WEX from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $190.00 to $210.00 in a research report on Thursday, June 9th. Barclays lifted their price target on WEX from $217.00 to $220.00 and gave the stock an "overweight" rating in a report on Monday, August 1st. Finally, Wells Fargo & Company dropped their price objective on shares of WEX to $206.00 in a research note on Friday, July 22nd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, WEX has an average rating of "Moderate Buy" and a consensus price target of $205.73.

Insider Buying and Selling at WEX

In related news, CAO Jennifer Kimball sold 1,719 shares of the business's stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $171.09, for a total transaction of $294,103.71. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Jennifer Kimball sold 1,719 shares of the stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $171.09, for a total value of $294,103.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert Joseph Deshaies sold 1,200 shares of the firm's stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $170.16, for a total value of $204,192.00. Following the transaction, the chief operating officer now owns 8,827 shares of the company's stock, valued at $1,502,002.32. The disclosure for this sale can be found here. Insiders sold 4,465 shares of company stock valued at $762,355 in the last quarter. Company insiders own 1.00% of the company's stock.