WEX

Nov 4, 2024

WEX Inc. (NYSE:WEX) Given Average Rating of “Moderate Buy” by Analysts Posted by MarketBeat News on Nov 4th, 2024 Shares of WEX Inc. ( NYSE:WEX – Get Free Report ) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $235.91. WEX has been the topic of several analyst reports. William Blair raised shares of WEX to a “strong-buy” rating in a research report on Friday, July 26th. Jefferies Financial Group raised their target price on shares of WEX from $190.00 to $210.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods lowered their price target on WEX from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. Wells Fargo & Company cut their price objective on WEX from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. Finally, Robert W. Baird decreased their target price on WEX from $285.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Get WEX alerts: In related news, CFO Jagtar Narula sold 508 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $200.00, for a total value of $101,600.00. Following the transaction, the chief financial officer now directly owns 7,120 shares in the company, valued at approximately $1,424,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . In other news, COO Robert Joseph Deshaies sold 1,651 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.67, for a total transaction of $299,937.17. Following the sale, the chief operating officer now directly owns 7,757 shares of the company’s stock, valued at approximately $1,409,214.19. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, CFO Jagtar Narula sold 508 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $200.00, for a total value of $101,600.00. Following the completion of the transaction, the chief financial officer now directly owns 7,120 shares of the company’s stock, valued at approximately $1,424,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here . Insiders own 1.10% of the company’s stock. Hedge Funds Weigh In On WEX Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of WEX during the 2nd quarter worth approximately $33,000. Quarry LP boosted its holdings in shares of WEX by 717.4% in the 2nd quarter. Quarry LP now owns 188 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 165 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of WEX by 456.1% in the 2nd quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 187 shares in the last quarter. Covestor Ltd increased its stake in shares of WEX by 233.9% in the 1st quarter. Covestor Ltd now owns 187 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 131 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of WEX during the 1st quarter worth $60,000. 97.47% of the stock is owned by institutional investors. WEX Price Performance Shares of NYSE WEX opened at $173.79 on Wednesday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day moving average of $198.93 and a 200-day moving average of $192.10. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.36 and a beta of 1.57. WEX has a fifty-two week low of $165.51 and a fifty-two week high of $244.04. WEX ( NYSE:WEX – Get Free Report ) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $4.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.82 by $0.53. WEX had a return on equity of 31.35% and a net margin of 12.45%. The firm had revenue of $665.50 million during the quarter, compared to the consensus estimate of $688.03 million. During the same period last year, the company earned $3.44 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that WEX will post 13.2 earnings per share for the current fiscal year. WEX Company Profile