WEX Inc (NYSE:WEX) has been downgraded to Hold in a statement by Zacks Investment Research today.
- Updated: November 29, 2016
Yesterday WEX Inc (NYSE:WEX) traded -2.59% lower at $104.82. The company’s 50-day moving average is $105.61 and its 200-day moving average is $98.29. The last stock close price is up 6.67% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 174,166 shares of WEX traded hands, down from an average volume of 288,658
Zacks Investment Research has downgraded WEX Inc (NYSE:WEX) to Hold in a report released on 11/29/2016.
With a total market value of $0, WEX Inc has price-earnings ratio of 54.69 with a one year low of $54.42 and a one year high of $114.59 .
A total of 14 equity analysts have released a ratings update on WEX. Three equity analysts rating the company a strong buy, two equity analysts rating the stock a buy, 8 firms rating the stock a hold, 2 brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $91.51.
Brief Synopsis On 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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