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

Shares of WEX Inc. (NYSE:WEX) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $187.80.

WEX has been the subject of a number of recent research reports. Mizuho lowered their target price on WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Bank of America downgraded WEX from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods reduced their target price on shares of WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. UBS Group dropped their price target on shares of WEX from $200.00 to $172.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Finally, Robert W. Baird set a $186.00 price objective on shares of WEX in a research note on Tuesday, February 18th.

WEX Stock Up 3.0 %

WEX stock opened at $124.10 on Wednesday. The stock has a market capitalization of $4.25 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. The firm has a 50-day moving average price of $145.81 and a 200-day moving average price of $169.67. WEX has a 12 month low of $110.45 and a 12 month high of $235.20.

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

Institutional Investors Weigh In On WEX

Several large investors have recently added to or reduced their stakes in WEX. Barclays PLC boosted its stake in WEX by 38.4% during the third quarter. Barclays PLC now owns 21,535 shares of the business services provider’s stock worth $4,516,000 after acquiring an additional 5,972 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of WEX during the 3rd quarter worth about $2,507,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of WEX in the 3rd quarter valued at about $35,000. Fifth Third Wealth Advisors LLC increased its position in WEX by 265.1% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,280 shares of the business services provider’s stock valued at $926,000 after buying an additional 3,834 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in WEX during the 4th quarter worth approximately $1,168,000. 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.