Press coverage about WEX (NYSE:WEX) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WEX earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.5286647198699 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
Shares of NYSE WEX traded down $2.58 during mid-day trading on Tuesday, hitting $159.68. 192,021 shares of the company traded hands, compared to its average volume of 344,662. WEX has a 1 year low of $97.26 and a 1 year high of $165.58. The company has a market cap of $6,956.12, a price-to-earnings ratio of 33.97, a P/E/G ratio of 1.61 and a beta of 1.79. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.20.
WEX (NYSE:WEX) last announced its earnings results on Wednesday, February 21st. The business services provider reported $1.49 EPS for the quarter, beating the consensus estimate of $1.33 by $0.16. WEX had a return on equity of 13.01% and a net margin of 12.82%. The business had revenue of $331.30 million during the quarter, compared to the consensus estimate of $327.19 million. During the same period in the prior year, the business posted $1.28 earnings per share. WEX’s revenue was up 13.9% compared to the same quarter last year. sell-side analysts expect that WEX will post 6.99 EPS for the current fiscal year.
Several analysts have recently weighed in on the company. ValuEngine upgraded WEX from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Morgan Stanley restated an “equal weight” rating and issued a $166.00 price objective (up previously from $159.00) on shares of WEX in a report on Wednesday, March 14th. Zacks Investment Research lowered WEX from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Mizuho restated a “buy” rating and issued a $185.00 price objective on shares of WEX in a report on Friday, February 23rd. Finally, Barclays restated an “equal weight” rating and issued a $170.00 price objective (up previously from $163.00) on shares of WEX in a report on Thursday, February 22nd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $149.86.
In other news, insider Nicola S. Morris sold 2,700 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $149.47, for a total transaction of $403,569.00. Following the completion of the sale, the insider now directly owns 6,387 shares of the company’s stock, valued at $954,664.89. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.00% of the company’s stock.
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WEX Company Profile
WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment and processing services.
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