Goldman Sachs Has Just Issued an Upgrade of WEX (NYSE:WEX) with a $126.0 Target Price

September 17, 2017 - By Nellie Frank

  Goldman Sachs Has Just Issued an Upgrade of WEX (NYSE:WEX) with a $126.0 Target Price

Investors sentiment decreased to 0.97 in Q4 2016. Its down 0.19, from 1.16 in 2016Q3. It fall, as 26 investors sold WEX Inc shares while 77 reduced holdings. 30 funds opened positions while 70 raised stakes. 44.95 million shares or 11.27% more from 40.40 million shares in 2016Q3 were reported.

Plante Moran Limited Com has 0.01% invested in WEX Inc (NYSE:WEX). Nomura Asset Mngmt Ltd invested in 230 shares or 0% of the stock. Nuveen Asset Limited Liability Company reported 14,641 shares stake. Brown Advisory accumulated 0.06% or 160,486 shares. Aperio Group Inc Limited Company stated it has 11,439 shares or 0.01% of all its holdings. Moreover, Prudential Fincl has 0% invested in WEX Inc (NYSE:WEX) for 22,638 shares. Vanguard Incorporated invested in 2.94M shares or 0.02% of the stock. Crestpoint Mngmt Limited Liability Com reported 0.11% stake. Retirement Of Alabama owns 49,667 shares. Employees Retirement Sys Of Texas reported 44,000 shares stake. Williams Jones And Assocs Ltd Liability Corp owns 254,518 shares for 0.81% of their portfolio. Nj State Employees Deferred Compensation Plan has invested 0.22% in WEX Inc (NYSE:WEX). Price T Rowe Inc Md stated it has 0.04% in WEX Inc (NYSE:WEX). Blackrock Fund Advsrs holds 0.03% in WEX Inc (NYSE:WEX) or 1.48 million shares. Axa stated it has 12,000 shares or 0.01% of all its holdings.

WEX (NYSE:WEX) Stock Upgrade

In a research note issued on Monday morning, investment analysts at the Goldman Sachs equity division increased shares of WEX (NYSE:WEX) to a respectable Buy rating. They now have a target set at $126.0 on WEX equating to 14.73 % more upside.

Investors sentiment decreased to 0.97 in Q4 2016. Its down 0.19, from 1.16 in 2016Q3. It fall, as 26 investors sold WEX Inc shares while 77 reduced holdings. 30 funds opened positions while 70 raised stakes. 44.95 million shares or 11.27% more from 40.40 million shares in 2016Q3 were reported.

Plante Moran Limited Com has 0.01% invested in WEX Inc (NYSE:WEX). Nomura Asset Mngmt Ltd invested in 230 shares or 0% of the stock. Nuveen Asset Limited Liability Company reported 14,641 shares stake. Brown Advisory accumulated 0.06% or 160,486 shares. Aperio Group Inc Limited Company stated it has 11,439 shares or 0.01% of all its holdings. Moreover, Prudential Fincl has 0% invested in WEX Inc (NYSE:WEX) for 22,638 shares. Vanguard Incorporated invested in 2.94M shares or 0.02% of the stock. Crestpoint Mngmt Limited Liability Com reported 0.11% stake. Retirement Of Alabama owns 49,667 shares. Employees Retirement Sys Of Texas reported 44,000 shares stake. Williams Jones And Assocs Ltd Liability Corp owns 254,518 shares for 0.81% of their portfolio. Nj State Employees Deferred Compensation Plan has invested 0.22% in WEX Inc (NYSE:WEX). Price T Rowe Inc Md stated it has 0.04% in WEX Inc (NYSE:WEX). Blackrock Fund Advsrs holds 0.03% in WEX Inc (NYSE:WEX) or 1.48 million shares. Axa stated it has 12,000 shares or 0.01% of all its holdings.

WEX Inc (NYSE:WEX) Ratings Coverage

Among 19 analysts covering WEX (NYSE:WEX), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. WEX has $13500 highest and $2 lowest target. $94.93’s average target is -13.56% below currents $109.82 stock price. WEX had 45 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was initiated by Barclays Capital with “Equal Weight” on Wednesday, August 19. The stock has “Outperform” rating by Oppenheimer on Tuesday, February 9. The rating was maintained by Topeka Capital Markets with “Hold” on Thursday, October 29. The rating was maintained by Jefferies on Monday, September 19 with “Buy”. The stock has “Neutral” rating by Suntrust Robinson on Friday, June 24. The firm has “Buy” rating by Mizuho given on Tuesday, June 27. The firm has “Hold” rating given on Monday, September 21 by Deutsche Bank. Credit Suisse upgraded the shares of WEX in report on Friday, April 28 to “Outperform” rating. Credit Suisse initiated the stock with “Outperform” rating in Friday, December 11 report. The stock of WEX Inc (NYSE:WEX) earned “Neutral” rating by Citigroup on Thursday, December 15.

The stock decreased 0.61% or $0.67 on September 15, reaching $109.82. About 594,009 shares traded or 39.52% up from the average. WEX Inc (NYSE:WEX) has risen 13.96% since September 17, 2016 and is uptrending. It has underperformed by 2.74% the S&P500.

Analysts expect WEX Inc (NYSE:WEX) to report $1.27 EPS on October, 26.They anticipate $0.09 EPS change or 7.63 % from last quarter’s $1.18 EPS. WEX’s profit would be $54.47M giving it 21.62 P/E if the $1.27 EPS is correct. After having $1.15 EPS previously, WEX Inc’s analysts see 10.43 % EPS growth.

WEX Inc. is a provider of corporate payment solutions. The company has market cap of $4.71 billion. The Firm operates through three divisions: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. It has a 65.8 P/E ratio. The Fleet Solutions segment provides clients with payment and transaction processing services designed for the needs of commercial and government fleets.

Another recent and important WEX Inc (NYSE:WEX) news was published by Prnewswire.com which published an article titled: “Mize and WEX Inc. announce virtual payments agreement for Warranty and Service …” on September 11, 2017.

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