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

Shares of WEX Inc. (NYSE:WEX - Get Free Report) have been given a consensus rating of "Hold" by the twelve research firms that are covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating 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.

Several brokerages have recently weighed in on WEX. Robert W. Baird set a $186.00 target price on shares of WEX in a research note on Tuesday, February 18th. Bank of America lowered shares of WEX from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Mizuho dropped their target price on WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Keefe, Bruyette & Woods reduced their price target on WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Finally, William Blair reissued a "market perform" rating on shares of WEX in a research note on Thursday, February 6th.

WEX Price Performance

Shares of NYSE WEX traded up $1.83 during mid-day trading on Friday, hitting $162.75. 174,088 shares of the company's stock traded hands, compared to its average volume of 869,134. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. WEX has a 1 year low of $146.03 and a 1 year high of $244.04. The company's 50-day moving average is $161.28 and its two-hundred day moving average is $178.61. The company has a market capitalization of $6.32 billion, a P/E ratio of 21.69, a PEG ratio of 2.06 and a beta of 1.61.

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WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (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%. On average, equities analysts anticipate that WEX will post 14.09 EPS for the current fiscal year.

Hedge Funds Weigh In On WEX

Several institutional investors have recently bought and sold shares of WEX. Investment Management Corp VA ADV bought a new stake in WEX during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new stake in WEX during the third quarter valued at about $35,000. State of Wyoming purchased a new position in WEX in the fourth quarter valued at about $35,000. Jones Financial Companies Lllp raised its holdings in 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 purchasing an additional 129 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of WEX by 552.5% during 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 during the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

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.