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 Price Performance

Shares of WEX Stock opened at $167.54 on Friday. The company's fifty day simple moving average is $162.42 and its two-hundred day simple moving average is $164.70. WEX has a 12-month low of $123.01 and a 12-month high of $197.70. The firm has a market cap of $7.40 billion, a PE ratio of 39.14, a price-to-earnings-growth ratio of 0.75 and a beta of 1.55. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.52.

WEX (NYSE:WEX - Get Rating) last posted 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 net margin of 9.23% and a return on equity of 24.68%. The company had revenue of $598.20 million during the quarter, compared to analyst estimates of $571.33 million. During the same period in the prior year, the business posted $1.93 earnings per share. WEX's revenue for the quarter was up 30.2% on a year-over-year basis. As a group, equities analysts expect that WEX will post 11.81 EPS for the current year.

Analysts Set New Price Targets

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

Insider Transactions at WEX

In related news, CAO Jennifer Kimball sold 764 shares of the company's stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $169.35, for a total transaction of $129,383.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other WEX news, COO Robert Joseph Deshaies sold 1,200 shares of the firm's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $170.16, for a total value of $204,192.00. Following the completion of the sale, the chief operating officer now directly owns 8,827 shares in the company, valued at $1,502,002.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer Kimball sold 764 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $169.35, for a total value of $129,383.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,465 shares of company stock worth $762,355. 1.00% of the stock is currently owned by insiders.