Shares of WEX Inc (NYSE:WEX) have been assigned an average rating of “Buy” from the seventeen brokerages that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $143.08.
A number of equities research analysts recently issued reports on the company. SunTrust Banks set a $160.00 price target on WEX and gave the stock a “buy” rating in a research note on Friday. Oppenheimer raised their price target on WEX from $130.00 to $176.00 in a research note on Monday, February 5th. Morgan Stanley raised their price target on WEX from $123.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Credit Suisse Group reissued an “outperform” rating and set a $167.00 price target (up from $141.00) on shares of WEX in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Finally, Mizuho reissued a “buy” rating and set a $180.00 price target on shares of WEX in a research note on Thursday, January 4th.
In other WEX news, insider Scott Robert Phillips sold 20,000 shares of WEX stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.68, for a total transaction of $2,553,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.00% of the company’s stock.
Shares of WEX (NYSE WEX) traded down $4.33 during mid-day trading on Tuesday, hitting $141.59. The company had a trading volume of 755,309 shares, compared to its average volume of 375,862. WEX has a 52-week low of $97.26 and a 52-week high of $156.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $6,261.42, a price-to-earnings ratio of 72.80, a P/E/G ratio of 1.57 and a beta of 1.91.
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WEX Company Profile
WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.
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