WEX (NYSE:WEX) Given New $172.00 Price Target at UBS Group

WEX (NYSE:WEX) had its target price lowered by UBS Group from $200.00 to $172.00 in a report issued on Friday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Other equities analysts have also issued reports about the stock. Bank of America lowered shares of WEX from a “buy” rating to a “neutral” rating in a research report on Thursday. 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. William Blair restated a “market perform” rating on shares of WEX in a research report on Thursday. Wolfe Research downgraded shares of WEX from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company dropped their price objective on WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, WEX presently has a consensus rating of “Hold” and a consensus target price of $210.58.

WEX Trading Up 0.0 %

NYSE WEX opened at $152.00 on Friday. WEX has a one year low of $146.03 and a one year high of $244.04. The firm has a market cap of $6.05 billion, a PE ratio of 20.27, a P/E/G ratio of 1.24 and a beta of 1.58. The firm’s fifty day moving average is $178.33 and its two-hundred day moving average is $185.99. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. Analysts expect that WEX will post 14.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Robert Joseph Deshaies sold 175 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $189.44, for a total transaction of $33,152.00. Following the completion of the sale, the chief operating officer now directly owns 7,582 shares of the company’s stock, valued at $1,436,334.08. The trade was a 2.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its position in WEX by 206.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock worth $31,000 after purchasing an additional 101 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of WEX during the third quarter worth about $35,000. Jones Financial Companies Lllp boosted its position in shares of WEX by 108.4% in the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock worth $43,000 after buying an additional 129 shares during the period. UMB Bank n.a. grew its stake in shares of WEX by 552.5% in the fourth quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after buying an additional 221 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of WEX by 25.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

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.