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.
WEX was given price targets by several analysts. The most optimistic analyst gave a price target of 135, implying potential capital gains of 18.65 percent. The most pessimistic analyst gave a price target of 106, which equates to a potential downside 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.
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. 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.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, 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.
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, 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. The PEG ratio of WEX is 0.34.
WEX has a 52-week high of 122.91 and a 52-week low of 89.89. The current market price is above the trailing year's low by 26.58 percent, and 7.43 percent below the 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 stock has a market capitalization of $4.9 billion. WEX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.