Analyst Ratings for WEX Inc. (WEX)Updated: 2017-07-26
WEX Inc. (NYSE:WEX) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for WEX last month.
Of the 16 analysts covering the stock, 7 gave it a buy rating, 0 gave an overweight rating, 9 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 3. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for WEX. The most optimistic analyst gave a price target of 135, implying potential capital gains of 18.65 percent. The lowest price target was 106, implying potential capital losses of -6.84 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -4.8 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.19 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.41 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
Analysts estimate earnings of WEX to grow at a rate of 209.19 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. WEX has a PEG ratio of 0.34.
WEX has a 52-week high of 122.91 and a 52-week low of 89.89. Today's price is 26.58 percent above the 52-week low, and 7.43 percent lower than its 52-week high. WEX has a price/earnings ratio of 72.01. Investors typically compare the P/E ratio to a company's peers in the industry. The WEX value stock report compares WEX to some of its peers using value stock charts. The market cap of WEX is $4.9 billion. WEX will post this quarters earnings in days, on 0000-00-00.