Zacks Investment Research disclosed WEX Inc (NYSE:WEX), boosting its price target to $124.00 earlier today
- Updated: December 1, 2016
Boasting a price of $108.15, WEX Inc (NYSE:WEX) traded -0.29% lower on the day. With the last stock price close up 12.11% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. WEX Inc has recorded a 50-day average of $105.61 and a two hundred day average of $98.29. Volume of trade was down over the average, with 199,016 shares of WEX changing hands under the typical 288,658
Reporting a potential upside of 0.15%, Zacks Investment Research upped the price target of WEX Inc (NYSE:WEX) to $124.00
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WEX Inc has a 52 week low of $54.42 and a 52 week high of $114.59 with a P/E ratio of 57.48 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 14 brokers have issued a report on the stock. The consensus target price is $91.51 with 3 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 8 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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