Analysts Set WEX Inc. (NYSE:WEX) Target Price at $195.73

Shares of WEX Inc. (NYSE:WEX) 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.

WEX Stock Performance

Shares of WEX opened at $154.38 on Tuesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 2.06 and a beta of 1.58. The company’s 50 day simple moving average is $169.53 and its 200 day simple moving average is $183.04. WEX has a 1 year low of $146.03 and a 1 year high of $244.04.

WEX (NYSE:WEX) 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.