By otakuyassine3@gmail.com 
Shares of WEX Inc. (NYSE:WEX – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $228.64.
Several equities analysts recently issued reports on the company. Barclays reiterated an “equal weight” rating and issued a $200.00 price target (down previously from $207.00) on shares of WEX in a report on Tuesday, December 17th. Bank of America boosted their price target on shares of WEX from $238.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Wolfe Research cut shares of WEX from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Jefferies Financial Group upped their target price on shares of WEX from $190.00 to $210.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company reduced their price target on WEX from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th.
Read Our Latest Analysis on WEX
Insiders Place Their Bets
In other WEX news, COO Robert Joseph Deshaies sold 175 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $189.44, for a total transaction of $33,152.00. Following the completion of the transaction, the chief operating officer now owns 7,582 shares in the company, valued at approximately $1,436,334.08. This represents a 2.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in WEX in the 3rd quarter valued at approximately $35,000. World Investment Advisors LLC bought a new stake in shares of WEX in the third quarter worth $2,507,000. Sanctuary Advisors LLC boosted its holdings in WEX by 112.4% during the third quarter. Sanctuary Advisors LLC now owns 4,760 shares of the business services provider’s stock worth $998,000 after purchasing an additional 2,519 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in WEX in the third quarter valued at $251,000. Finally, Coldstream Capital Management Inc. increased its stake in WEX by 11.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,835 shares of the business services provider’s stock valued at $377,000 after buying an additional 191 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.
WEX Stock Up 0.4 %
Shares of WEX opened at $171.67 on Thursday. The company has a 50-day moving average price of $183.66 and a two-hundred day moving average price of $185.93. WEX has a 12 month low of $165.51 and a 12 month high of $244.04. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 1.39 and a beta of 1.57. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.87.
WEX (NYSE:WEX – Get Free Report) last announced its earnings results on Thursday, October 24th. The business services provider reported $4.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.82 by $0.53. WEX had a return on equity of 31.35% and a net margin of 12.45%. The company had revenue of $665.50 million during the quarter, compared to analyst estimates of $688.03 million. During the same period last year, the company posted $3.44 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts predict that WEX will post 13.1 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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