WEX Inc. (NYSE:WEX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of WEX Inc. (NYSE:WEX) have been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $195.73.

Several research analysts have recently commented on the stock. William Blair restated a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Mizuho lowered their target price on shares of WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company reduced their price target on WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Robert W. Baird set a $186.00 price objective on WEX in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group increased their price target on WEX from $180.00 to $190.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd.

Institutional Investors Weigh In On WEX

Several hedge funds and other institutional investors have recently modified their holdings of WEX. Janus Henderson Group PLC boosted its holdings in WEX by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,163,678 shares of the business services provider’s stock valued at $873,251,000 after purchasing an additional 25,365 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of WEX by 105.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider’s stock valued at $358,812,000 after buying an additional 1,052,087 shares during the period. FMR LLC grew its position in WEX by 8.8% during the third quarter. FMR LLC now owns 1,555,507 shares of the business services provider’s stock worth $326,237,000 after buying an additional 125,262 shares in the last quarter. State Street Corp increased its stake in WEX by 0.3% during the third quarter. State Street Corp now owns 1,240,953 shares of the business services provider’s stock valued at $260,265,000 after acquiring an additional 3,882 shares during the period. Finally, Earnest Partners LLC raised its holdings in WEX by 1.0% in the 4th quarter. Earnest Partners LLC now owns 872,734 shares of the business services provider’s stock valued at $153,008,000 after acquiring an additional 8,780 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Price Performance

WEX opened at $155.11 on Tuesday. The stock has a fifty day moving average price of $170.52 and a 200 day moving average price of $183.56. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. WEX has a 1 year low of $146.03 and a 1 year high of $244.04. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.06 and a beta of 1.58.

WEX (NYSE:WEX) last announced 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%. Analysts forecast that WEX will post 14.09 EPS for the current fiscal year.

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.