WEX (NYSE:WEX) Price Target Lowered to $155.00 at Barclays

WEX (NYSE:WEX - Get Free Report) had its target price dropped by equities research analysts at Barclays from $200.00 to $155.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the business services provider's stock. Barclays's price objective suggests a potential upside of 0.94% from the stock's current price.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group upped their price objective on shares of WEX from $180.00 to $190.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Robert W. Baird reduced their price target on WEX from $285.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Keefe, Bruyette & Woods dropped their price objective on WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday. Wells Fargo & Company cut their price objective on WEX from $180.00 to $160.00 and set an "equal weight" rating for the company in a research report on Friday. Finally, UBS Group decreased their target price on WEX from $200.00 to $172.00 and set a "neutral" rating on the stock in a research report on Friday. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $199.73.

WEX Stock Performance

Shares of NYSE:WEX traded down $0.74 during midday trading on Monday, reaching $153.56. The company's stock had a trading volume of 539,721 shares, compared to its average volume of 499,785. The firm has a market capitalization of $6.11 billion, a PE ratio of 20.39, a P/E/G ratio of 1.24 and a beta of 1.58. The stock has a fifty day moving average of $176.89 and a 200 day moving average of $185.69. WEX has a twelve month low of $146.03 and a twelve month high of $244.04. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts expect that WEX will post 14.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other WEX news, COO Robert Joseph Deshaies sold 175 shares of WEX stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $189.44, for a total transaction of $33,152.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of WEX

A number of hedge funds and other institutional investors have recently made changes to their positions in WEX. Janus Henderson Group PLC lifted its position in WEX by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,163,678 shares of the business services provider's stock valued at $873,251,000 after buying an additional 25,365 shares during the last quarter. FMR LLC raised its stake in shares of WEX by 8.8% in the 3rd quarter. FMR LLC now owns 1,555,507 shares of the business services provider's stock valued at $326,237,000 after acquiring an additional 125,262 shares during the period. State Street Corp lifted its holdings in shares of WEX by 0.3% in the 3rd quarter. State Street Corp now owns 1,240,953 shares of the business services provider's stock worth $260,265,000 after acquiring an additional 3,882 shares during the last quarter. River Road Asset Management LLC boosted its position in shares of WEX by 0.7% during the 4th quarter. River Road Asset Management LLC now owns 725,842 shares of the business services provider's stock worth $127,255,000 after purchasing an additional 5,377 shares during the period. Finally, Sei Investments Co. increased its holdings in WEX by 5.2% in the 4th quarter. Sei Investments Co. now owns 481,490 shares of the business services provider's stock valued at $84,415,000 after purchasing an additional 23,859 shares during the last quarter. 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.