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.
A number of analysts gave price targets for WEX. The most optimistic analyst gave a price target of 135, which equates to a potential upside of 18.65 percent. The lowest price target was 106, which equates to a potential downside 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. That number becomes -4.8 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0.19 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -0.41 percent in FY estimates.
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, while 0 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of WEX's earnings is estimated by analysts to be 209.19 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. WEX has a PEG ratio of 0.34.
WEX has traded between a high of 122.91 and a low of 89.89 over the past year. Currently the stock is 26.58 percent higher than its 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.