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Suntrust Robinson upgraded WEX Inc (NYSE:WEX) from Hold to Buy in a statement released earlier today.

Suntrust Robinson has upgraded WEX Inc (NYSE:WEX) from Hold to Buy in a statement released on Tuesday October 17, 2017.

Boasting a price of $121.90, WEX Inc (NYSE:WEX) traded 1.27% higher on the day. With the last close up 14.47% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. WEX Inc has recorded a 50-day average of $111.98 and a two hundred day average of $106.38. Volume of trade was down over the average, with 15,423 shares of WEX changing hands under the typical 431,161

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With a total market value of $0, WEX Inc has price-earnings ratio of 73.45 with a one year low of $97.26 and a one year high of $122.91 .

A total of 14 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.

Brief Synopsis 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. 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 consumer directed platforms, as well as payroll related benefits to customers in Brazil. The United States operations include the Company and its subsidiaries WEX Bank, WEX FleetOne, Electronic Funds Source LLC and WEX Health.

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