WEX Inc. – Consensus ‘buy’ rating and 15.4% Upside Potential

Broker Ratings
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WEX Inc. with ticker code (WEX) have now 12 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between 270 and 194 with the average target price sitting at $224.58. Given that the stocks previous close was at $194.56 this is indicating there is a potential upside of 15.4%. Also worth taking note is the 50 day moving average now sits at $183.82 while the 200 day moving average is $176.23. The total market capitalization for the company now stands at 8.23B. The stock price for the company is currently 192.01 USD

The potential market cap would be $9,495,064,509 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 56.98, revenue per share of 56.8 and a 3.05% return on assets.

WEX Inc. provides a commerce platform that owns and operates a business-to-business ecosystem. Its segments include Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. Its Fleet Solutions segment provides payment processing, transaction processing, and information management services specifically designed for the needs of fleets of all sizes from small businesses to federal and state government fleets and over-the-road carriers. Its Travel and Corporate Solutions segment focuses on the complex payment environment of business-to-business payments, enabling customers to utilize its payments solutions to integrate into their own workflows and manage their accounts payable automation and spend management functions. Its Health and Employee Benefit Solutions segment provides SaaS software with embedded payment solutions and plan administration services for consumer directed health benefits, COBRA accounts, and benefit enrollment and administration.

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