The price objective that the equity analysts at Truist Financial have set for WEX (NYSE: WEX) has been lowered from $215.00 to $185.00, as stated in a research note published on Thursday.
Taking into account the current price of the stock, which is 6.59%, the price goal for Truist Financial indicates the potential for an increase in the stock price.
On Thursday morning, the opening price of the New York Stock Exchange was $173.56 for a share of WEX.
There is a correlation of 1.08 between the quick ratio and the current ratio, and there is a correlation of 1.53 between the debt-to-equity ratio.
Both of these ratios measure liquidity.
This business has a beta coefficient of 1.59, a market capitalization of $7.49 billion, a price-to-earnings ratio of 38.65, and a PEG ratio of 1.85.
During the past 52 weeks, the price of WEX has fluctuated between $125 and $204 at various points.
The company’s simple moving average for the past 50 days is $184.97, and the simple moving average for the past 200 days is $164.50.
There have been a significant number of additional investigations that have focused on WEX.
TheStreet assigned a grade of “b-” to shares of WEX that were included in a research report published and made accessible to the general public on Thursday, February 9, by TheStreet.
In a research note that was published on Friday, February 10, Morgan Stanley increased the price target for WEX from $157.00 to $199.00.
Additionally, the firm assigned an “equal weight” rating to the company’s stock.
Mizuho upgraded their “buy” rating on WEX and increased their price objective from $200 to $220.00 in a research note published on Friday, February 10.
These alterations were brought about as a direct reaction to recent happenings in the market. Citigroup raised their price target for WEX shares from $190.00 to $230.00 and upgraded the stock from a “hold” rating to a “buy” rating in a research report released on Monday, February 13.
A research note published by StockNews.com on Thursday marked the beginning of the company’s coverage of WEX.
This was the final item on the agenda.
They recommended that shareholders “hold” their shares of the company. Seven of the analysts who have rated the stock have issued a buy recommendation for the stock, while four of those analysts have issued a hold rating for the stock.
The stock is currently rated as a “Moderate Buy” and has a price target of $206.36, according to the data sourced from Bloomberg.com.
This price target is based on the opinions of market participants as a whole.
On January 11, WEX insider Hilary A. Rapkin sold 5,270 shares of the company’s stock.
The transaction took place on Wednesday.
This piece of news was recently discovered along with other WEX-related news.
The stock was sold for a total value of $922,250.00, corresponding to an average price of $175.00 per share at which it was purchased.
The company insider now directly owns 12,203 shares of the company’s stock, which have a combined value of approximately $2,135,525 as a direct result of the transaction that took place. When you click this link, you will be taken to a document given to the SEC.
This document contains information about the transaction and the presentation given to the SEC.
According to related news, an insider at the company named Hilary A. Rapkin sold 5,270 shares of company stock on January 11.
This sale was reported. For additional information, As a direct result of the transaction, the insider now directly owns 12,203 shares of the company.
The total value of these shares is $2,135,525; therefore, the insider’s holdings are worth $2,135,525.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed by following the link in the previous sentence.
The documentation was provided to the SEC.
Additionally, on February 15, Chief Operating Officer Robert Joseph Deshaies sold the company’s stock of one thousand shares.
A total price of $199,190.00 was received for the sale of the shares, which works out to a weighted average price of $199.19 per share.
A direct ownership stake in the company that is equivalent to 7,537 shares and is currently valued at $1,501,295.05.
The chief operating officer holds this stake.
Disclosures related to the sale might be found in this website section.
In the past three months, company insiders have sold 26,634 shares of company stock at a total value of $5,126,036.
These sales took place over ninety days.
The total number of shares held by company insiders amounts to one percent of the total number of shares issued by the company.
Institutional investors and hedge funds have recently been very active in the stock market, purchasing and selling shares back and forth.
During the final three months of 2018, FinTrust Capital Advisors LLC purchased WEX stock for $25,000.
The National Bank of Canada Financial Institutions Group invested $26,000 in WEX over the last three months of 2018.
The percentage of WEX shares that Lindbrook Capital LLC owned at the end of the third quarter rose to 85.6% from the previous quarter.
After making an additional purchase of 77 shares during the most recent quarter, Lindbrook Capital LLC now has 167 shares with a market cap of $27,000.
This brings the total number of shares the company currently owns to 167.
The amount of WEX holdings that Signaturefd LLC had at the end of the year had increased by 70.2% from the previous quarter.
The corporation now has 223 shares of the business services provider’s stock, valued at $36,000, after purchasing an additional 92 shares during the preceding quarter.
These shares were acquired through the purchase of an additional 92 shares.
Last but not least, during the first quarter of 2018, Lazard Asset Management LLC purchased a new stake in WEX by paying approximately $44,000 for the right to do so.
This brought the total amount of Lazard’s investments in WEX to three.
Institutional investors and hedge funds collectively own 98.65% of the total number of shares in the company.
WEX INC is a company that provides its financial technology services to customers located in the United States as well as in international markets. Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions are the three distinct business segments that the company can be divided into. Fleet Solutions can provide its customers with payment processing services, which can be utilized by fleet cars.
Its services include customer acquisition, account activation, and account maintenance. Other services include:
Authorization and billing inquiries.
Credit and collections.
Access to a web-based data analytics platform that gives fleet managers insights.
Ancillary services and tools that allow fleets to manage costs and capital requirements are also included.