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WEX (WEX) Gets a Buy Rating from Robert W. Baird

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Robert W. Baird analyst David Koning maintained a Buy rating on WEX (WEXResearch Report) on May 4 and set a price target of $200.00. The company’s shares closed last Friday at $170.85.

According to TipRanks.com, Koning is a 4-star analyst with an average return of 6.1% and a 59.4% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

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.

See today’s best-performing stocks on TipRanks >>

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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