WEX (NYSE:WEX) Price Target Cut to $172.00 by Analysts at UBS Group

WEX (NYSE:WEX - Get Free Report) had its target price lowered by analysts at UBS Group from $200.00 to $172.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the business services provider's stock. UBS Group's price target suggests a potential upside of 10.63% from the company's previous close.

Several other equities analysts also recently commented on the company. Wells Fargo & Company dropped their price objective on WEX from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday. Keefe, Bruyette & Woods dropped their target price on WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday. Citigroup downgraded WEX from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $260.00 to $190.00 in a research report on Tuesday, January 14th. Jefferies Financial Group increased their target price on WEX from $180.00 to $190.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Finally, William Blair restated a "market perform" rating on shares of WEX in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $199.73.

WEX Stock Performance

Shares of NYSE WEX traded up $1.17 during midday trading on Friday, reaching $155.47. The company's stock had a trading volume of 693,102 shares, compared to its average volume of 504,156. WEX has a 12-month low of $146.03 and a 12-month high of $244.04. The firm has a 50 day moving average price of $176.89 and a 200-day moving average price of $185.69. The stock has a market capitalization of $6.18 billion, a P/E ratio of 20.71, a PEG ratio of 1.24 and a beta of 1.58. 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 (NYSE:WEX - Get Free Report) 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%. As a group, equities analysts predict that WEX will post 14.27 earnings per share for the current year.

Insider Buying and Selling at WEX

In other WEX news, COO Robert Joseph Deshaies sold 175 shares of the company's 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 completion of the sale, the chief operating officer now directly owns 7,582 shares in the company, valued at $1,436,334.08. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

Institutional Trading of WEX

A number of institutional investors have recently modified their holdings of the company. Commerce Bank boosted its holdings in shares of WEX by 1.7% during the third quarter. Commerce Bank now owns 3,624 shares of the business services provider's stock worth $760,000 after purchasing an additional 60 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of WEX by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 1,283 shares of the business services provider's stock worth $225,000 after purchasing an additional 65 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of WEX by 25.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider's stock worth $56,000 after purchasing an additional 66 shares during the period. Xponance Inc. lifted its holdings in WEX by 1.4% in the fourth quarter. Xponance Inc. now owns 4,864 shares of the business services provider's stock worth $853,000 after buying an additional 68 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in WEX by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 11,175 shares of the business services provider's stock worth $1,959,000 after buying an additional 70 shares during the period. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Company Profile

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.