News headlines about WEX (NYSE:WEX) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WEX earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.0994694718343 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

WEX has been the topic of a number of research analyst reports. Deutsche Bank lifted their target price on WEX to $230.00 and gave the stock a “buy” rating in a report on Friday, June 22nd. Wolfe Research initiated coverage on WEX in a report on Tuesday, July 17th. They set a “market perform” rating on the stock. Morgan Stanley lifted their target price on WEX from $172.00 to $188.00 and gave the stock a “hold” rating in a report on Thursday, July 19th. SunTrust Banks reaffirmed a “buy” rating and set a $215.00 target price on shares of WEX in a report on Friday, August 3rd. Finally, Citigroup lifted their target price on WEX from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, July 20th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. WEX has a consensus rating of “Buy” and an average price target of $185.64.

NYSE:WEX opened at $192.02 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.44 and a quick ratio of 1.44. WEX has a 1-year low of $106.94 and a 1-year high of $198.82. The firm has a market capitalization of $8.28 billion, a P/E ratio of 40.86, a P/E/G ratio of 1.70 and a beta of 1.74.

WEX (NYSE:WEX) last released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $2.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.04. WEX had a return on equity of 15.61% and a net margin of 14.61%. The business had revenue of $370.88 million during the quarter, compared to analyst estimates of $366.21 million. During the same quarter last year, the company posted $1.26 EPS. WEX’s revenue for the quarter was up 22.0% on a year-over-year basis. research analysts expect that WEX will post 7.54 EPS for the current fiscal year.

In related news, Director Jack Vanwoerkom sold 4,376 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $187.52, for a total value of $820,587.52. Following the completion of the transaction, the director now owns 7,705 shares in the company, valued at approximately $1,444,841.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Melissa D. Smith sold 5,000 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $190.00, for a total value of $950,000.00. Following the completion of the transaction, the chief executive officer now owns 72,544 shares of the company’s stock, valued at approximately $13,783,360. The disclosure for this sale can be found here. Insiders sold a total of 18,335 shares of company stock valued at $3,461,862 in the last quarter. 4.57% of the stock is currently owned by corporate insiders.

About WEX

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment and processing services.

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Insider Buying and Selling by Quarter for WEX (NYSE:WEX)

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