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WEX has an analyst consensus of Strong Buy, with a price target consensus of $213.25, representing a 24.0% upside. In a report issued on June 2, Evercore ISI also initiated coverage with a Buy rating on the stock with a $230.00 price target.
WEX’s market cap is currently $7.81B and has a P/E ratio of 61.98.
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WEX, Inc. engages in the provision of payment processing and information management solutions. It operates through the following segments: Fleet Solutions; Travel and Corporate Solutions; and Health and Employee Benefit Solutions. The Flight Solutions segment provides payment and transaction processing services for the needs of commercial and government fleets. The Travel and Corporate Solutions segment focuses on the payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment, and transaction monitoring needs. The Health and Employee Benefit Solutions segment involves healthcare payment products and SaaS consumer directed platforms, as well as payroll related benefits to customers. The company was founded by Parker Poole III and William Richardson in 1983 and is headquartered in Portland, ME.
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