Shares of WEX Inc. (NYSE:WEX – Get Free Report) have been given an average rating of “Hold” by the thirteen research firms that are covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $195.73.
A number of equities analysts have weighed in on WEX shares. Jefferies Financial Group increased their price target on shares of WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company cut their price target on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Barclays cut their price target on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Keefe, Bruyette & Woods cut their price target on shares of WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, Robert W. Baird set a $186.00 price target on shares of WEX in a research note on Tuesday, February 18th.
View Our Latest Analysis on WEX
WEX Stock Performance
WEX (NYSE:WEX – Get Free Report) last announced 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 net margin of 11.78% and a return on equity of 32.35%. On average, sell-side analysts predict that WEX will post 14.09 EPS for the current year.
Institutional Investors Weigh In On WEX
A number of large investors have recently added to or reduced their stakes in the company. Commerce Bank grew its holdings in WEX by 1.7% during the 3rd quarter. Commerce Bank now owns 3,624 shares of the business services provider’s stock valued at $760,000 after purchasing an additional 60 shares in the last quarter. CIBC Asset Management Inc grew its holdings in WEX by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 1,283 shares of the business services provider’s stock valued at $225,000 after purchasing an additional 65 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in WEX by 25.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 66 shares in the last quarter. Xponance Inc. grew its holdings in WEX by 1.4% during the 4th quarter. Xponance Inc. now owns 4,864 shares of the business services provider’s stock valued at $853,000 after purchasing an additional 68 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in WEX by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 11,175 shares of the business services provider’s stock valued at $1,959,000 after purchasing an additional 70 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.
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.
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