WEX Inc. (NYSE:WEX) Receives Consensus Rating of “Hold” from Analysts

WEX Inc. (NYSE:WEX) has received an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $195.73.

Several equities analysts recently commented on WEX shares. Jefferies Financial Group upped their target price on WEX from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods dropped their target price on WEX from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. UBS Group dropped their target price on WEX from $200.00 to $172.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Citigroup lowered WEX from a “buy” rating to a “neutral” rating and dropped their target price for the company from $260.00 to $190.00 in a research note on Tuesday, January 14th. Finally, Barclays dropped their target price 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.

Institutional Investors Weigh In On WEX

A number of institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its position in shares of WEX by 300.4% in the third quarter. Natixis Advisors LLC now owns 68,539 shares of the business services provider’s stock worth $14,375,000 after buying an additional 51,423 shares during the period. Fifth Third Bancorp boosted its position in shares of WEX by 1,635.8% in the fourth quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider’s stock worth $1,540,000 after buying an additional 8,277 shares during the period. Atria Investments Inc boosted its position in shares of WEX by 289.0% in the third quarter. Atria Investments Inc now owns 6,528 shares of the business services provider’s stock worth $1,369,000 after buying an additional 4,850 shares during the period. KBC Group NV boosted its position in shares of WEX by 53.7% in the fourth quarter. KBC Group NV now owns 1,825 shares of the business services provider’s stock worth $320,000 after buying an additional 638 shares during the period. Finally, Choreo LLC boosted its position in shares of WEX by 33.7% in the fourth quarter. Choreo LLC now owns 2,373 shares of the business services provider’s stock worth $405,000 after buying an additional 598 shares during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Performance

NYSE WEX opened at $156.48 on Tuesday. WEX has a fifty-two week low of $146.03 and a fifty-two week high of $244.04. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The business has a fifty day moving average of $168.83 and a 200-day moving average of $182.71. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share for the quarter, topping 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, analysts predict that WEX will post 14.09 earnings per share 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.