How Good Does WEX (NYSE:WEX) Look Now? Goldman Sachs Has Just Upgraded The Stock

September 17, 2017 - By Michael Collier

  How Good Does WEX (NYSE:WEX) Look Now? Goldman Sachs Has Just Upgraded The Stock

Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.19, from 1.16 in 2016Q3. It dropped, as 26 investors sold WEX Inc shares while 77 reduced holdings. 30 funds opened positions while 70 raised stakes. 44.95 million shares or 11.27% more from 40.40 million shares in 2016Q3 were reported.

Warburg Pincus reported 4.01M shares. Boothbay Fund Management Ltd Liability Corp accumulated 16,820 shares. Montag And Caldwell Llc holds 9,768 shares. Blackrock Fund Advisors holds 0.03% of its portfolio in WEX Inc (NYSE:WEX) for 1.48 million shares. Massachusetts Financial Ma stated it has 0.01% in WEX Inc (NYSE:WEX). Smith Graham And Inv Advisors Ltd Partnership has 0.78% invested in WEX Inc (NYSE:WEX). Hermes Inv Mngmt Ltd reported 0.99% stake. Profund Advisors Ltd Liability Company reported 5,624 shares. Lazard Asset Management Lc accumulated 0% or 5,007 shares. Ameritas Investment Inc holds 0.07% of its portfolio in WEX Inc (NYSE:WEX) for 11,586 shares. First Personal Fin Ser has invested 0.03% of its portfolio in WEX Inc (NYSE:WEX). Cubist Systematic Strategies Limited Company invested in 0.02% or 2,261 shares. Loring Wolcott & Coolidge Fiduciary Advsr Ltd Liability Partnership Ma reported 739,461 shares stake. Symphony Asset Mngmt Limited Liability Company accumulated 11,549 shares. Barclays Public Limited Liability Company stated it has 0% in WEX Inc (NYSE:WEX).

WEX (NYSE:WEX) Stock Upgrade

WEX (NYSE:WEX) was just upgraded by Goldman Sachs to a respectable Buy rating in analysts note issued to investors and clients on 11 September. The firm from today has a $126.0 target on the shares. This target is 14.73 % from WEX’s current share price.

Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.19, from 1.16 in 2016Q3. It dropped, as 26 investors sold WEX Inc shares while 77 reduced holdings. 30 funds opened positions while 70 raised stakes. 44.95 million shares or 11.27% more from 40.40 million shares in 2016Q3 were reported.

Warburg Pincus reported 4.01M shares. Boothbay Fund Management Ltd Liability Corp accumulated 16,820 shares. Montag And Caldwell Llc holds 9,768 shares. Blackrock Fund Advisors holds 0.03% of its portfolio in WEX Inc (NYSE:WEX) for 1.48 million shares. Massachusetts Financial Ma stated it has 0.01% in WEX Inc (NYSE:WEX). Smith Graham And Inv Advisors Ltd Partnership has 0.78% invested in WEX Inc (NYSE:WEX). Hermes Inv Mngmt Ltd reported 0.99% stake. Profund Advisors Ltd Liability Company reported 5,624 shares. Lazard Asset Management Lc accumulated 0% or 5,007 shares. Ameritas Investment Inc holds 0.07% of its portfolio in WEX Inc (NYSE:WEX) for 11,586 shares. First Personal Fin Ser has invested 0.03% of its portfolio in WEX Inc (NYSE:WEX). Cubist Systematic Strategies Limited Company invested in 0.02% or 2,261 shares. Loring Wolcott & Coolidge Fiduciary Advsr Ltd Liability Partnership Ma reported 739,461 shares stake. Symphony Asset Mngmt Limited Liability Company accumulated 11,549 shares. Barclays Public Limited Liability Company stated it has 0% in WEX Inc (NYSE:WEX).

WEX Inc (NYSE:WEX) Ratings Coverage

Among 19 analysts covering WEX (NYSE:WEX), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. WEX has $13500 highest and $2 lowest target. $94.93’s average target is -13.56% below currents $109.82 stock price. WEX had 45 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, February 9 by Oppenheimer. Barclays Capital maintained the shares of WEX in report on Tuesday, July 18 with “Equal-Weight” rating. The firm has “Buy” rating given on Monday, September 11 by Goldman Sachs. JP Morgan upgraded it to “Neutral” rating and $91 target in Friday, April 29 report. The rating was upgraded by Credit Suisse on Friday, April 28 to “Outperform”. The stock has “Buy” rating by Jefferies on Monday, September 19. Jefferies maintained WEX Inc (NYSE:WEX) on Monday, June 5 with “Buy” rating. The rating was initiated by Barclays Capital with “Equal Weight” on Wednesday, August 19. The firm has “Hold” rating given on Monday, September 21 by Deutsche Bank. Keefe Bruyette & Woods maintained it with “Buy” rating and $13000 target in Sunday, August 13 report.

The stock decreased 0.61% or $0.67 on September 15, reaching $109.82. About 594,009 shares traded or 39.52% up from the average. WEX Inc (NYSE:WEX) has risen 13.96% since September 17, 2016 and is uptrending. It has underperformed by 2.74% the S&P500.

Wall Street await WEX Inc (NYSE:WEX) to release earnings on October, 26. Analysts forecast EPS of $1.27, up exactly $0.09 or 7.63 % from 2014’s $1.18 EPS. The expected WEX’s profit could reach $54.47 million giving the stock 21.62 P/E in the case that $1.27 earnings per share is reported. After posting $1.15 EPS for the previous quarter, WEX Inc’s analysts now forecast 10.43 % EPS growth.

WEX Inc. is a provider of corporate payment solutions. The company has market cap of $4.71 billion. The Firm operates through three divisions: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. It has a 65.8 P/E ratio. The Fleet Solutions segment provides clients with payment and transaction processing services designed for the needs of commercial and government fleets.

Another recent and important WEX Inc (NYSE:WEX) news was published by Prnewswire.com which published an article titled: “Mize and WEX Inc. announce virtual payments agreement for Warranty and Service …” on September 11, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.