WEX Inc. (NYSE:WEX - Get Free Report) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $110.45 and last traded at $133.23, with a volume of 1682034 shares traded. The stock had previously closed at $113.47.
Analyst Upgrades and Downgrades
WEX has been the topic of several analyst reports. Robert W. Baird set a $186.00 price target on shares of WEX in a research report on Tuesday, February 18th. UBS Group dropped their target price on WEX from $200.00 to $172.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Bank of America downgraded WEX from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. 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 research note on Friday, February 7th. Finally, Mizuho decreased their target price on shares of WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $187.80.
Get Our Latest Analysis on WEX
WEX Stock Performance
The stock has a market capitalization of $4.36 billion, a P/E ratio of 16.97, a PEG ratio of 2.06 and a beta of 1.33. The company's fifty day simple moving average is $149.38 and its two-hundred day simple moving average is $172.96. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02.
WEX (NYSE:WEX - Get Free Report) last released its quarterly earnings results 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%. As a group, equities analysts forecast that WEX Inc. will post 14.09 EPS for the current year.
Hedge Funds Weigh In On WEX
A number of hedge funds have recently made changes to their positions in WEX. LPL Financial LLC boosted its position in shares of WEX by 13.2% during the 4th quarter. LPL Financial LLC now owns 29,408 shares of the business services provider's stock valued at $5,283,000 after purchasing an additional 3,439 shares in the last quarter. Fifth Third Bancorp increased its stake in WEX by 1,635.8% during the 4th quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider's stock valued at $1,540,000 after purchasing an additional 8,277 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in 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 buying an additional 66 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of WEX by 7.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,008 shares of the business services provider's stock valued at $1,053,000 after buying an additional 393 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings 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 valued at $43,000 after buying an additional 129 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors.
WEX Company Profile
(
Get Free Report)
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.
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