Jefferies Maintains WEX Inc to Buy with Price Target $120.00

Brokerage firm Jefferies Maintains its rating on WEX Inc(NYSE:WEX). In a research note issued to the investors, the brokerage major Raises the price-target to $120.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Sep 19, 2016.

In a different note, On Sep 1, 2016, CLSA said it Upgrades its rating on WEX Inc. The shares have been rated ‘Outperform’ by the firm. On Jul 28, 2016, Deutsche Bank said it Maintains its rating on WEX Inc. In the research note, the firm Raises the price-target to $83.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 28, 2016, Morgan Stanley said it Maintains its rating on WEX Inc. In the research note, the firm Raises the price-target to $94.00 per share. The shares have been rated ‘Equal-weight’ by the firm. 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) shares turned negative on Thursdays trading session with the shares closing down -0.04 points or -0.04% at a volume of 2,40,913. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $108.8. The peak price level was also seen at $108.8 while the days lowest was $106.37. Finally the shares closed at $107.07. The 52-week high of the shares is $107.24 while the 52-week low is $54.42. According to the latest information available, the market cap of the company is $4,574 M.

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 Aug 5, 2016, Melissa D Smith (CEO and President, WEX Inc.) sold 5,910 shares at $93.03 per share price.Also, On Aug 2, 2016, George W Hogan (SVP, International) sold 1,100 shares at $91.00 per share price.On Aug 2, 2016, Stephen R. Crowley (SVP, Shared Services) sold 1,808 shares at $90.95 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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