Impact of Brokerage Rating on WEX Inc.(WEX)

Many WEX Inc.(WEX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. WEX Inc was Initiated by Citigroup to Neutral on Dec 15, 2016.

Company has reported several Insider transactions to the SEC, on Jan 3, 2017, Michael E Dubyak (director) sold 5,500 shares at 111.22 per share price.On Nov 2, 2016, George W Hogan (SVP, International) sold 1,950 shares at 103.88 per share price.On Aug 5, 2016, Melissa D Smith (CEO and President, WEX Inc.) sold 5,910 shares at 93.03 per share price.

WEX Inc Last issued its quarterly earnings results on Feb 13, 2017. The company reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $1.25. The company had revenue of $290.80 million for the quarter, compared to analysts expectations of $279.89 million. The companys revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

WEX Inc. (NYSE:WEX) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.36 by 11 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold.

WEX Inc. (NYSE:WEX): 9 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $109.22 in WEX Inc. (NYSE:WEX). However, the stock price could fluctuate by $ 17.46 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $135 price target with the lower price estimate is calculated at $81

WEX Inc. (NYSE:WEX) witnessed a decline in the market cap on Tuesday as its shares dropped 1.89% or 2.15 points. After the session commenced at $112.59, the stock reached the higher end at $113.19 while it hit a low of $110.13. With the volume soaring to 991,044 shares, the last trade was called at $111.37. The company has a 52-week high of $122.91. The company has a market cap of $4,759 million and there are 42,734,591 shares in outstanding. The 52-week low of the share price is $59.73.

WEX Inc. provides physical, digital and virtual corporate card payment solutions. The Company operates in two segments: Fleet Payment Solutions and Other Payment Solutions. The Fleet Payment Solutions segment provides customers with fleet vehicle payment processing services. The Other Payment Solutions segment provides customers with payment processing solutions for their corporate purchasing and transaction monitoring needs through its corporate purchase card, its prepaid and gift card products and services. WEX Inc., formerly known as Wright Express Corporation, is headquartered in South Portland, Maine.

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