Headlines about WEX (NYSE:WEX) have been trending positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. WEX earned a news impact score of 0.29 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 47.4112862218969 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- $295.23 Million in Sales Expected for WEX Inc. (NYSE:WEX) This Quarter (americanbankingnews.com)
- WEX Inc. (WEX) SVP George W. Hogan Sells 4500 Shares of Stock (hoyentv.com)
- Brokerages Expect WEX Inc. (WEX) Will Announce Earnings of $1.15 Per Share (lazertecnologia.com)
- WEX Inc. (WEX) Position Held by HM Payson & Co (overnewsmagazine.com)
- Brokerages Expect WEX Inc. (NYSE:WEX) Will Announce Earnings of $1.15 Per Share (americanbankingnews.com)
Several research firms have issued reports on WEX. Jefferies Group LLC reaffirmed a “buy” rating and issued a $135.00 price target on shares of WEX in a report on Friday, May 5th. Zacks Investment Research cut WEX from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. TheStreet raised WEX from a “c” rating to a “b-” rating in a report on Monday, June 5th. BidaskClub raised shares of WEX from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Mizuho assumed coverage on shares of WEX in a research note on Tuesday, June 27th. They set a “buy” rating and a $115.00 target price on the stock. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $117.70.
WEX (NYSE:WEX) opened at 110.95 on Tuesday. The stock has a 50 day moving average of $103.14 and a 200-day moving average of $107.51. WEX has a 1-year low of $89.89 and a 1-year high of $122.91. The firm has a market capitalization of $4.76 billion, a P/E ratio of 69.56 and a beta of 1.80.
WEX (NYSE:WEX) last posted its quarterly earnings data on Thursday, April 27th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.13. The firm had revenue of $291.36 million during the quarter, compared to the consensus estimate of $281.68 million. WEX had a net margin of 6.07% and a return on equity of 13.31%. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, equities research analysts anticipate that WEX will post $5.32 earnings per share for the current year.
In other WEX news, SVP Hilary A. Rapkin sold 2,000 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the senior vice president now owns 15,424 shares in the company, valued at $1,619,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Scott Robert Phillips sold 22,135 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $99.90, for a total transaction of $2,211,286.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,635 shares of company stock worth $2,916,287. 0.86% of the stock is owned by insiders.
WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.
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