WEX (NYSE:WEX) “Equal-Weight” Rating Maintained Today By Morgan Stanley; The Target Price is Set to $123

November 15, 2017 - By Linda Rogers

 WEX (NYSE:WEX)

Investors sentiment increased to 1.49 in Q2 2017. Its up 0.27, from 1.22 in 2017Q1. It improved, as 30 investors sold WEX Inc shares while 51 reduced holdings. 29 funds opened positions while 92 raised stakes. 45.42 million shares or 2.81% more from 44.18 million shares in 2017Q1 were reported.

6,878 were reported by Envestnet Asset Management. 3.23 million were accumulated by Vanguard Group. Janney Capital Mngmt Ltd Limited Liability Company has invested 0.01% in WEX Inc (NYSE:WEX). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 1,850 shares. Moreover, State Of Tennessee Treasury Department has 0.02% invested in WEX Inc (NYSE:WEX). Deutsche Bancshares Ag has invested 0.01% in WEX Inc (NYSE:WEX). American Century Companies owns 6,476 shares or 0% of their US portfolio. Alliancebernstein Lp reported 25,905 shares. Goldman Sachs Grp stated it has 0% of its portfolio in WEX Inc (NYSE:WEX). First Republic Investment Mngmt Inc invested in 0% or 2,224 shares. Elk Creek Prtn Ltd Llc holds 0.21% or 31,480 shares in its portfolio. First Personal Finance stated it has 796 shares. Wendell David Associates Inc has invested 0.36% in WEX Inc (NYSE:WEX). Price T Rowe Assoc Md reported 0.01% in WEX Inc (NYSE:WEX). Robeco Institutional Asset Mgmt Bv has 22,500 shares for 0.02% of their portfolio.

WEX (NYSE:WEX) Rating Reaffirmed

WEX (NYSE:WEX) just had their share rating of a ‘”Equal-Weight”‘ issued by research analysts at Morgan Stanley, who now has a $123 target price per share on the $5.19B market cap company or a 1.72 % upside potential. This key information was revealed to investors in analysts report on Thursday morning.

Investors sentiment increased to 1.49 in Q2 2017. Its up 0.27, from 1.22 in 2017Q1. It improved, as 30 investors sold WEX Inc shares while 51 reduced holdings. 29 funds opened positions while 92 raised stakes. 45.42 million shares or 2.81% more from 44.18 million shares in 2017Q1 were reported.

6,878 were reported by Envestnet Asset Management. 3.23 million were accumulated by Vanguard Group. Janney Capital Mngmt Ltd Limited Liability Company has invested 0.01% in WEX Inc (NYSE:WEX). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 1,850 shares. Moreover, State Of Tennessee Treasury Department has 0.02% invested in WEX Inc (NYSE:WEX). Deutsche Bancshares Ag has invested 0.01% in WEX Inc (NYSE:WEX). American Century Companies owns 6,476 shares or 0% of their US portfolio. Alliancebernstein Lp reported 25,905 shares. Goldman Sachs Grp stated it has 0% of its portfolio in WEX Inc (NYSE:WEX). First Republic Investment Mngmt Inc invested in 0% or 2,224 shares. Elk Creek Prtn Ltd Llc holds 0.21% or 31,480 shares in its portfolio. First Personal Finance stated it has 796 shares. Wendell David Associates Inc has invested 0.36% in WEX Inc (NYSE:WEX). Price T Rowe Assoc Md reported 0.01% in WEX Inc (NYSE:WEX). Robeco Institutional Asset Mgmt Bv has 22,500 shares for 0.02% of their portfolio.

WEX Inc (NYSE:WEX) Ratings Coverage

Among 19 analysts covering WEX (NYSE:WEX), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. WEX has $145.0 highest and $2 lowest target. $103.06’s average target is -14.77% below currents $120.92 stock price. WEX had 54 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, November 2. The stock of WEX Inc (NYSE:WEX) earned “Outperform” rating by Wells Fargo on Friday, January 22. The stock has “Outperform” rating by Oppenheimer on Tuesday, February 9. The stock of WEX Inc (NYSE:WEX) has “Buy” rating given on Sunday, August 13 by Keefe Bruyette & Woods. As per Friday, October 13, the company rating was maintained by Mizuho. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, October 11. Deutsche Bank upgraded WEX Inc (NYSE:WEX) on Monday, June 5 to “Buy” rating. The company was initiated on Friday, December 11 by Credit Suisse. The stock of WEX Inc (NYSE:WEX) earned “Outperform” rating by CLSA on Thursday, September 1. The rating was maintained by SunTrust on Wednesday, October 4 with “Hold”.

About 18,166 shares traded. WEX Inc (NYSE:WEX) has risen 13.96% since November 15, 2016 and is uptrending. It has underperformed by 2.74% the S&P500.

Wall Street await WEX Inc (NYSE:WEX) to release earnings on February, 12. Analysts forecast earnings per share of $1.31, up exactly $0.11 or 9.17 % from 2014’s $1.2 EPS. The expected WEX’s profit could reach $56.17 million giving the stock 23.06 P/E in the case that $1.31 earnings per share is reported. After posting $1.31 EPS for the previous quarter, WEX Inc’s analysts now forecast 0.00 % EPS growth.

WEX Inc. is a provider of corporate payment solutions. The company has market cap of $5.19 billion. The Firm operates through three divisions: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. It has a 60.77 P/E ratio. The Fleet Solutions segment provides clients with payment and transaction processing services designed for the needs of commercial and government fleets.

More notable recent WEX Inc (NYSE:WEX) news were published by: Finance.Yahoo.com which released: “Should You Buy WEX Inc. (WEX) Ahead of Earnings?” on October 30, 2017, also Businesswire.com with their article: “WEX Inc. to Present at the Citi 2017 Financial Technology Conference” published on October 30, 2017, Streetinsider.com published: “SunTrust Robinson Humphrey Upgrades WEX Inc. (WEX) to Buy” on October 17, 2017. More interesting news about WEX Inc (NYSE:WEX) were released by: Businesswire.com and their article: “WEX Announces Partnership with Citi on New GSA SmartPay® 3 Contract” published on November 07, 2017 as well as Businesswire.com‘s news article titled: “WEX Inc. Reports Third Quarter 2017 Financial Results” with publication date: November 01, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.