Press coverage about WEX (NYSE:WEX) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. WEX earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.5765597031404 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of WEX (NYSE WEX) traded up $0.62 during mid-day trading on Friday, hitting $145.92. The stock had a trading volume of 365,358 shares, compared to its average volume of 396,266. The firm has a market capitalization of $6,261.43, a P/E ratio of 73.33, a PEG ratio of 1.57 and a beta of 1.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.69 and a current ratio of 0.69. WEX has a 1-year low of $97.26 and a 1-year high of $156.85.
A number of equities analysts recently commented on WEX shares. Morgan Stanley boosted their price objective on shares of WEX from $113.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Oppenheimer boosted their price objective on shares of WEX from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Barclays boosted their price objective on shares of WEX from $124.00 to $129.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. TheStreet raised shares of WEX from a “c+” rating to a “b” rating in a research note on Wednesday, November 1st. Finally, Citigroup boosted their price objective on shares of WEX from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. WEX has an average rating of “Buy” and a consensus target price of $142.38.
WEX Company Profile
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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