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.
Several price targets were given for WEX by the analysts covering the stock. The maximum price target given was 135, implying a possible profit of 18.65 percent. The most pessimistic analyst gave a price target of 106, implying potential capital losses of -6.84 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -4.8 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.19 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.41 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
WEX has an estimated earnings growth rate of 209.19 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, 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, but many choose to perform ratio comparisons with other companies in the industry. WEX has a PEG ratio of 0.34.
In the trailing 52-weeks, WEX hit 122.91 at the highest peak, while it's lowest trading point was 89.89. Currently the stock is 26.58 percent higher than its low, and 7.43 percent lower than its 52-week high. WEX has a P/E 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's next earnings release will be on 0000-00-00, which is days away.