WEX (WEX:NYE), a business services provider, is scheduled to release its quarterly earnings data on April 27th before the market opens. Analysts expect the company to report earnings of $2.81 per WEX stock share for the quarter.
WEX Stock Price Analysis:
As of Thursday, April 20th, WEX stock opened at $186.99 on the NYSE, with a market capitalization of $8.07 billion. The stock’s price-to-earnings ratio is 41.65, its PEG ratio is 2.05, and its beta is 1.60.
The company’s 52-week low is $125.00 and its 52-week high is $204.05. WEX’s current ratio and quick ratio are both 1.08, while its debt-to-equity ratio is 1.53. The stock has a 50-day moving average of $185.13 and a 200-day moving average of $170.33.
Currently, WEX has an average rating of “Strong Buy” and a consensus price target of $200.12 per share.
Insider Transactions:
In recent news, the Chief Technology Officer, David G. Cooper, sold 16,639 shares of the company’s stock in a transaction on February 14th for a total value of $3,277,883. Following the sale, Cooper directly owned 6,358 shares of the company’s stock, valued at approximately $1,252,526.
Additionally, the Chief Operating Officer, Robert Joseph Deshaies, sold 1,000 shares of the stock on February 15th for a total value of $199,190. Following the sale, Deshaies directly owned 7,537 shares of the company’s stock, valued at approximately $1,501,295.03.
Insiders have sold a total of 21,364 shares of company stock, worth $4,203,786, in the last three months, and 1.00% of the WEX stock is currently owned by insiders.
Hedge Funds & Institutional Holdings:
Institutional investors have bought and sold shares of WEX in recent months. For example, Morgan Stanley now owns 2,059,893 shares of WEX, worth $337,102,000 after purchasing an additional 1,594,294 shares during the last quarter.
Norges Bank acquired a new position in WEX during the 4th quarter, worth about $73,069,000. Large investors such as Vanguard Group Inc. now own 4,196,239 shares of WEX, worth $748,819,000, after acquiring an additional 131,664 shares in the last quarter. Institutional investors and hedge funds own 98.65% of the WEX stock.
WEX Stock-Analyst Ratings:
Several equity research analysts have issued reports on the stock, including Robert W. Baird, and Citigroup. Robert W. Baird gave the company an “outperform” rating and raised its price target from $200.00 to $222.00. Citigroup raised its price target on shares of WEX from $190.00 to $230.00 and gave the stock a “buy” rating.
Company Profile:
WEX Inc. operates a commerce platform in the United States and internationally. The Fleet Solutions segment offers fleet vehicle payment solutions, transaction processing, and information management services.
The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is based in Portland, Maine.
