WEX (NYSE:WEX) Stock Rating Lowered by StockNews.com

WEX (NYSE:WEX) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

WEX has been the topic of a number of other reports. Barclays increased their price target on WEX from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. TheStreet upgraded WEX from a “c” rating to a “b” rating in a report on Thursday, February 8th. Mizuho increased their price target on WEX from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. William Blair restated an “outperform” rating on shares of WEX in a report on Thursday, February 8th. Finally, Truist Financial upped their target price on WEX from $185.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.77.

WEX Stock Performance

Shares of WEX stock opened at $233.87 on Tuesday. The business’s 50 day simple moving average is $218.79 and its 200 day simple moving average is $197.69. WEX has a one year low of $161.95 and a one year high of $239.18. The stock has a market capitalization of $9.76 billion, a PE ratio of 37.97, a PEG ratio of 1.51 and a beta of 1.59. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.05 and a quick ratio of 1.05.

WEX (NYSE:WEX) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.29 by ($0.15). WEX had a net margin of 10.46% and a return on equity of 31.33%. The company had revenue of $663.30 million during the quarter, compared to the consensus estimate of $656.75 million. As a group, research analysts forecast that WEX will post 13.57 earnings per share for the current year.

Insider Activity at WEX

In related news, SVP Sara Trickett sold 887 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $224.61, for a total value of $199,229.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Sara Trickett sold 887 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $224.61, for a total value of $199,229.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jagtar Narula sold 309 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $233.24, for a total value of $72,071.16. Following the completion of the transaction, the chief financial officer now owns 5,528 shares of the company’s stock, valued at approximately $1,289,350.72. The disclosure for this sale can be found here. In the last three months, insiders sold 69,433 shares of company stock valued at $14,708,896. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WEX. FinTrust Capital Advisors LLC bought a new position in WEX in the 4th quarter valued at $25,000. VisionPoint Advisory Group LLC grew its stake in WEX by 74.7% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 62 shares during the period. GAMMA Investing LLC bought a new position in WEX in the 4th quarter valued at $27,000. Principal Securities Inc. bought a new position in WEX in the 4th quarter valued at $31,000. Finally, Steward Partners Investment Advisory LLC grew its stake in WEX by 79.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 169 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 75 shares during the period. 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.