WEX Inc. (NYSE:WEX) Receives Average Recommendation of “Hold” from Brokerages

Shares of WEX Inc. (NYSE:WEX) have been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $195.73.

WEX has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Robert W. Baird set a $186.00 price target on shares of WEX in a report on Tuesday, February 18th. UBS Group reduced their price target on shares of WEX from $200.00 to $172.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, William Blair reissued a “market perform” rating on shares of WEX in a report on Thursday, February 6th.

Institutional Investors Weigh In On WEX

A number of institutional investors and hedge funds have recently made changes to their positions in WEX. Investment Management Corp VA ADV bought a new position in WEX in the fourth quarter valued at about $25,000. Venturi Wealth Management LLC lifted 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 valued at $31,000 after purchasing an additional 101 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of WEX in the 3rd quarter valued at about $35,000. State of Wyoming acquired a new stake in shares of WEX during the 4th quarter worth approximately $35,000. Finally, Jones Financial Companies Lllp raised its stake in shares of WEX by 108.4% during 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 last quarter. Institutional investors own 97.47% of the company’s stock.

WEX Price Performance

NYSE:WEX opened at $155.11 on Tuesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. The company has a 50-day moving average of $170.52 and a 200-day moving average of $183.56. WEX has a 52 week low of $146.03 and a 52 week high of $244.04. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.06 and a beta of 1.58.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping 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 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.