WEX (NYSE:WEX) : Zacks Investment Research ranks WEX (NYSE:WEX) as 2, which is a Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.69, which indicates as a Hold.
WEX (NYSE:WEX) : Average target price received by WEX (NYSE:WEX) is $94.11 with an expected standard deviation of $16.13. The most aggressive target on the stock is $116, whereas the most downbeat target is $67. 9 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week
WEX (NYSE:WEX): stock turned positive on Tuesday. Though the stock opened at $82.42, the bulls momentum made the stock top out at $85.83 level for the day. The stock recorded a low of $82.42 and closed the trading day at $85.17, in the green by 4.97%. The total traded volume for the day was 707,897. The stock had closed at $81.14 in the previous days trading.
In an insider trading activity, Dubyak Michael E, director of Wex Inc. had purchased 3,800 shares on February 29, 2016 in a transaction. The price per share was $66.37 and the total amount of the disclosed transaction was $252,206.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
WEX Inc. is a provider of corporate payment solutions. The Company operates in two segments: Fleet Payment Solutions and Other Payment Solutions. The Companys Fleet Payment Solutions segment provides customers with fleet vehicle payment processing services for commercial and Government fleets. Its Other Payment Solutions segment comprises its virtual, healthcare, paycard and prepaid products. The Companys United States operations include the Company and its wholly owned subsidiaries, WEX Bank, FleetOne and Evolution1. Its international operations include its wholly owned subsidiaries, WEX Fuel Cards Australia, WEX Prepaid Cards Australia, WEX New Zealand, WEX Europe Limited, UNIK S.A. and WEX Europe Services Limited and its subsidiaries.