A statement released earlier today by Zacks Investment Research about WEX Inc (NYSE:WEX) bumps the target price to $120.00
- Updated: September 28, 2016
Zacks Investment Research bumped up the target of WEX Inc (NYSE:WEX) to $120.00 stating a potential upside of 0.12%.
Boasting a price of $107.46, WEX Inc (NYSE:WEX) traded 0.08% higher on the day. With the last stock price close up 16.69% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. WEX Inc has recorded a 50-day average of $101.14 and a two hundred day average of $92.17. Volume of trade was down over the average, with 3,252 shares of WEX changing hands under the typical 276,211
With a total market value of $0, WEX Inc has price-earnings ratio of 47.17 with a one year low of $54.42 and a one year high of $108.80 .
A total of 14 equity analysts have released a research note on WEX. Three equity analysts rating the company a strong buy, two equity analysts rating the company a buy, eight equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $91.51.
More About WEX Inc (NYSE:WEX)
WEX Inc. is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets. This segment also provides information management services to these fleet customers. The Travel and Corporate Solutions segment focuses on the complex payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment and transaction monitoring needs. The Health and Employee Benefit Solutions segment provides healthcare payment products and software as a service (SaaS) consumer directed platforms, as well as payroll related benefits to customers in Brazil.
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