Goldman Sachs Raises Rating of WEX (NYSE:WEX) To Buy. The Target Price per Share is $126.0

September 17, 2017 - By Adrian Erickson

  Goldman Sachs Raises Rating of WEX (NYSE:WEX) To Buy. The Target Price per Share is $126.0

Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.19, from 1.16 in 2016Q3. It worsened, 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.

Great West Life Assurance Comm Can invested in 21,824 shares or 0.01% of the stock. California Public Employees Retirement System accumulated 0.01% or 64,000 shares. Symphony Asset Management Ltd Liability Corp holds 0.13% or 11,549 shares in its portfolio. Comerica Bank has invested 0.03% of its portfolio in WEX Inc (NYSE:WEX). First Personal Financial invested in 868 shares or 0.03% of the stock. Sei Com reported 119,259 shares. Deutsche Comml Bank Ag reported 391,191 shares. Capstone Asset Mgmt Com holds 3,171 shares or 0.01% of its portfolio. Fdx has 5,988 shares for 0.02% of their portfolio. Blair William And Il accumulated 345,352 shares or 0.34% of the stock. Jpmorgan Chase has 1.84M shares. Teacher Retirement Systems Of Texas invested in 0% or 3,344 shares. Nationwide Fund Advsr reported 267,076 shares. 1.48 million were reported by Blackrock Fund Advsr. Parametric Portfolio Assocs Lc, a Washington-based fund reported 67,136 shares.

WEX (NYSE:WEX) Stock Upgrade

Trading for shares of WEX (NYSE:WEX) will be watched closely today, as Goldman Sachs increased the stock to a solid rating of a Buy. In addition to their ratings upgrade, Goldman Sachs set a target price of $126.0 which was 14.73 % higher.

Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.19, from 1.16 in 2016Q3. It worsened, 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.

Great West Life Assurance Comm Can invested in 21,824 shares or 0.01% of the stock. California Public Employees Retirement System accumulated 0.01% or 64,000 shares. Symphony Asset Management Ltd Liability Corp holds 0.13% or 11,549 shares in its portfolio. Comerica Bank has invested 0.03% of its portfolio in WEX Inc (NYSE:WEX). First Personal Financial invested in 868 shares or 0.03% of the stock. Sei Com reported 119,259 shares. Deutsche Comml Bank Ag reported 391,191 shares. Capstone Asset Mgmt Com holds 3,171 shares or 0.01% of its portfolio. Fdx has 5,988 shares for 0.02% of their portfolio. Blair William And Il accumulated 345,352 shares or 0.34% of the stock. Jpmorgan Chase has 1.84M shares. Teacher Retirement Systems Of Texas invested in 0% or 3,344 shares. Nationwide Fund Advsr reported 267,076 shares. 1.48 million were reported by Blackrock Fund Advsr. Parametric Portfolio Assocs Lc, a Washington-based fund reported 67,136 shares.

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 stock of WEX Inc (NYSE:WEX) earned “Neutral” rating by SunTrust on Friday, June 24. Credit Suisse upgraded the stock to “Outperform” rating in Friday, April 28 report. The stock of WEX Inc (NYSE:WEX) has “Sell” rating given on Wednesday, August 26 by Zacks. Keefe Bruyette & Woods maintained WEX Inc (NYSE:WEX) on Wednesday, February 3 with “Outperform” rating. The firm earned “Buy” rating on Monday, June 5 by Jefferies. The rating was downgraded by JP Morgan on Friday, August 14 to “Underweight”. The stock of WEX Inc (NYSE:WEX) has “Buy” rating given on Monday, June 5 by Deutsche Bank. Barclays Capital initiated WEX Inc (NYSE:WEX) on Wednesday, August 19 with “Equal Weight” rating. The stock of WEX Inc (NYSE:WEX) has “Market Perform” rating given on Thursday, April 28 by Wells Fargo. The rating was initiated by Credit Suisse with “Outperform” on Friday, December 11.

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.

Analysts await WEX Inc (NYSE:WEX) to report earnings on October, 26. They expect $1.27 EPS, up 7.63 % or $0.09 from last year’s $1.18 per share. WEX’s profit will be $54.47M for 21.62 P/E if the $1.27 EPS becomes a reality. After $1.15 actual EPS reported by WEX Inc for the previous quarter, Wall Street now forecasts 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.

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