Deutsche Bank Maintains WEX Inc to Hold with Price Target $90.00

Brokerage firm Deutsche Bank Maintains its rating on WEX Inc(NYSE:WEX). In a research note issued to the investors, the brokerage major Raises the price-target to $90.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Jul 28, 2016.

In a different note, On Jul 7, 2016, Barclays said it Upgrades its rating on WEX Inc. In the research note, the firm Raises the price-target to $80.00 per share. The shares have been rated ‘Equal-weight’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage on WEX Inc, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Neutral’ by the firm.

WEX Inc (WEX) made into the market gainers list on Thursdays trading session with the shares advancing 0.60% or 0.54 points. Due to strong positive momentum, the stock ended at $90.87, which is also near the day’s high of $91.26. The stock began the session at $90.16 and the volume stood at 2,27,073 shares. The 52-week high of the shares is $103.22 and the 52 week low is $54.42. The company has a current market capitalization of $3,517 M and it has 3,86,99,048 shares in outstanding.

WEX Inc(WEX) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $233.94M. Analysts had an estimated revenue of $221.64M. Earnings per share were $1.08. Analysts had estimated an EPS of $1.01.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, Michael E Dubyak (director) purchased 3,800 shares at $66.37 per share price.Also, On Nov 3, 2015, George W Hogan (SVP, International) sold 2,791 shares at $89.74 per share price.On Nov 3, 2015, Jack Vanwoerkom (director) sold 5,500 shares at $89.79 per share price, according to the Form-4 filing with the securities and exchange commission.

WEX Inc. is a provider of corporate payment solutions. The Company operates in two segments: Fleet Payment Solutions and Other Payment Solutions. The Company’s Fleet Payment Solutions segment provides customers with fleet vehicle payment processing services for commercial and Government fleets. Its Other Payment Solutions segment comprises its virtual healthcare paycard and prepaid products. The Company’s United States operations include the Company and its wholly owned subsidiaries WEX Bank FleetOne and Evolution1. Its international operations include its wholly owned subsidiaries WEX Fuel Cards Australia WEX Prepaid Cards Australia WEX New Zealand WEX Europe Limited UNIK S.A. and WEX Europe Services Limited and its subsidiaries.

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