WEX (NYSE:WEX) Price Target Cut to $155.00 by Analysts at Barclays

WEX (NYSE:WEX) had its price target dropped by stock analysts at Barclays from $200.00 to $155.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price target points to a potential upside of 1.97% from the stock’s previous close.

WEX has been the subject of several other reports. Keefe, Bruyette & Woods cut their target price on shares of WEX from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday. Citigroup downgraded shares of WEX from a “buy” rating to a “neutral” rating and cut their price objective for the company from $260.00 to $190.00 in a research report on Tuesday, January 14th. UBS Group lowered their target price on WEX from $200.00 to $172.00 and set a “neutral” rating on the stock in a research report on Friday. 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. Finally, William Blair reaffirmed a “market perform” rating on shares of WEX in a research report on Thursday. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $205.64.

WEX Price Performance

Shares of WEX opened at $152.00 on Monday. The firm has a fifty day simple moving average of $177.60 and a two-hundred day simple moving average of $185.82. The firm has a market cap of $6.05 billion, a PE ratio of 20.27, a P/E/G ratio of 1.24 and a beta of 1.58. 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.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. On average, equities analysts anticipate that WEX will post 14.27 EPS for the current year.

Insider Buying and Selling at WEX

In related news, COO Robert Joseph Deshaies sold 175 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $189.44, for a total value of $33,152.00. Following the sale, the chief operating officer now directly owns 7,582 shares in the company, valued at approximately $1,436,334.08. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Trading of WEX

A number of large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of WEX by 0.6% in the third 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 in the last quarter. FMR LLC lifted 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 valued at $326,237,000 after purchasing an additional 125,262 shares during the last quarter. State Street Corp grew its stake in shares of WEX by 0.3% in the 3rd quarter. State Street Corp now owns 1,240,953 shares of the business services provider’s stock worth $260,265,000 after buying an additional 3,882 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of WEX by 0.7% in the 4th quarter. River Road Asset Management LLC now owns 725,842 shares of the business services provider’s stock worth $127,255,000 after buying an additional 5,377 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of WEX by 8.8% in the 4th quarter. Bank of New York Mellon Corp now owns 374,359 shares of the business services provider’s stock worth $65,633,000 after buying an additional 30,395 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

WEX Company Profile

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.