In a report released today, Steven Wald from Morgan Stanley maintained a Hold rating on WEX (WEX), with a price target of $231.00. The company’s shares closed last Monday at $223.17, close to its 52-week high of $234.95.
According to TipRanks.com, Wald is ranked #3212 out of 5859 analysts.
WEX has an analyst consensus of Strong Buy, with a price target consensus of $244.13.
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Based on WEX’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $14.62 million. In comparison, last year the company had a net profit of $21.26 million.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEX in relation to earlier this year. Earlier this month, Melissa Goodwin, the CEO and President, WEX Inc. of WEX sold 16,006 shares for a total of $3,441,130.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
WEX, Inc. engages in the provision of payment processing and information management solutions. It operates through the following segments: Fleet Solutions; Travel and Corporate Solutions; and Health and Employee Benefit Solutions.
