WEX Inc. (NYSE:WEX) Receives $187.80 Consensus Price Target from Brokerages

WEX Inc. (NYSE:WEX) has been given an average rating of “Hold” by the twelve analysts that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $187.80.

WEX has been the subject of a number of research analyst reports. Barclays dropped their price target on WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Robert W. Baird set a $186.00 target price on shares of WEX in a research report on Tuesday, February 18th. Citigroup cut shares of WEX from a “buy” rating to a “neutral” rating and reduced their price target for the company from $260.00 to $190.00 in a research report on Tuesday, January 14th. UBS Group lowered their price objective on shares of WEX from $200.00 to $172.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods reduced their target price on WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 7th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of WEX by 105.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider’s stock valued at $358,812,000 after acquiring an additional 1,052,087 shares in the last quarter. Norges Bank bought a new stake in shares of WEX in the 4th quarter worth $80,535,000. D. E. Shaw & Co. Inc. raised its stake in shares of WEX by 1,684.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 201,922 shares of the business services provider’s stock worth $35,401,000 after purchasing an additional 190,605 shares during the last quarter. Ariel Investments LLC lifted its holdings in shares of WEX by 113.0% during the fourth quarter. Ariel Investments LLC now owns 318,272 shares of the business services provider’s stock valued at $55,799,000 after purchasing an additional 168,832 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of WEX during the fourth quarter valued at $28,689,000. 97.47% of the stock is owned by hedge funds and other institutional investors.

WEX Price Performance

WEX stock opened at $157.32 on Friday. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.06 and a beta of 1.61. The firm’s 50-day moving average price is $161.73 and its two-hundred day moving average price is $178.88. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. WEX has a 12-month low of $146.03 and a 12-month high of $244.04.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. As a group, equities analysts predict that WEX will post 14.09 earnings per share for the current 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.