Today WEX (NYSE:WEX) Has Been Upgraded by Goldman Sachs to a Buy

September 17, 2017 - By Louis Casey

  Today WEX (NYSE:WEX) Has Been Upgraded by Goldman Sachs to a Buy

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

Chicago Equity Prtnrs Limited Liability Corporation accumulated 13,135 shares. Citigroup Incorporated invested in 0% or 5,791 shares. Boston Advsr Limited Liability has invested 0.29% in WEX Inc (NYSE:WEX). Citadel Ltd Llc holds 5,686 shares. Amalgamated Bank owns 7,443 shares. Nj State Employees Deferred Compensation Plan has 0.22% invested in WEX Inc (NYSE:WEX). 171 are held by Ftb Inc. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma accumulated 739,461 shares. Blackrock Institutional Trust Communications Na owns 0.02% invested in WEX Inc (NYSE:WEX) for 1.15M shares. Royal Bancorp Of Canada accumulated 0.01% or 138,291 shares. Thompson Siegel & Walmsley Ltd Llc accumulated 29 shares or 0% of the stock. 300 were accumulated by Johnson Fincl Gru Inc. Voya Ltd Com stated it has 34,255 shares. Tiaa Cref Investment Management Limited Liability Corporation owns 0.01% invested in WEX Inc (NYSE:WEX) for 150,197 shares. First Ltd Partnership owns 0.02% invested in WEX Inc (NYSE:WEX) for 61,293 shares.

WEX (NYSE:WEX) Stock Upgrade

In an analyst report shared with investors earlier today, Goldman Sachs raised shares of WEX (NYSE:WEX) to a Buy. Analysts currently have a $126.0 TP on the shares. Goldman Sachs’s TP would suggest a ppossible upside of 14.73 % from the close price of the stock.

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

Chicago Equity Prtnrs Limited Liability Corporation accumulated 13,135 shares. Citigroup Incorporated invested in 0% or 5,791 shares. Boston Advsr Limited Liability has invested 0.29% in WEX Inc (NYSE:WEX). Citadel Ltd Llc holds 5,686 shares. Amalgamated Bank owns 7,443 shares. Nj State Employees Deferred Compensation Plan has 0.22% invested in WEX Inc (NYSE:WEX). 171 are held by Ftb Inc. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma accumulated 739,461 shares. Blackrock Institutional Trust Communications Na owns 0.02% invested in WEX Inc (NYSE:WEX) for 1.15M shares. Royal Bancorp Of Canada accumulated 0.01% or 138,291 shares. Thompson Siegel & Walmsley Ltd Llc accumulated 29 shares or 0% of the stock. 300 were accumulated by Johnson Fincl Gru Inc. Voya Ltd Com stated it has 34,255 shares. Tiaa Cref Investment Management Limited Liability Corporation owns 0.01% invested in WEX Inc (NYSE:WEX) for 150,197 shares. First Ltd Partnership owns 0.02% invested in WEX Inc (NYSE:WEX) for 61,293 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. Compass Point initiated the shares of WEX in report on Friday, April 15 with “Neutral” rating. Keefe Bruyette & Woods maintained WEX Inc (NYSE:WEX) on Wednesday, February 3 with “Outperform” rating. Goldman Sachs upgraded WEX Inc (NYSE:WEX) on Monday, September 11 to “Buy” rating. The stock has “Underweight” rating by JP Morgan on Friday, August 14. The rating was maintained by Keefe Bruyette & Woods on Sunday, August 13 with “Buy”. The firm has “Hold” rating by Deutsche Bank given on Monday, September 21. The stock of WEX Inc (NYSE:WEX) has “Sell” rating given on Wednesday, August 26 by Zacks. On Wednesday, August 19 the stock rating was initiated by Barclays Capital with “Equal Weight”. The stock has “Buy” rating by Jefferies on Monday, September 19. Wells Fargo downgraded WEX Inc (NYSE:WEX) on Thursday, April 28 to “Market Perform” rating.

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 expect WEX Inc (NYSE:WEX) to report $1.27 EPS on October, 26.They anticipate $0.09 EPS change or 7.63 % from last quarter’s $1.18 EPS. WEX’s profit would be $54.47 million giving it 21.62 P/E if the $1.27 EPS is correct. After having $1.15 EPS previously, WEX Inc’s analysts see 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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