WEX (WEX) Receives a Buy from Robert W. Baird

In a report issued on July 21, David Koning from Robert W. Baird maintained a Buy rating on WEX (WEXResearch Report), with a price target of $200.00. The company’s shares closed last Friday at $165.33.

According to TipRanks.com, Koning is a 4-star analyst with an average return of 3.4% and a 53.3% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

Currently, the analyst consensus on WEX is a Strong Buy with an average price target of $208.63, representing a 25.5% upside. In a report issued on July 19, Barclays also maintained a Buy rating on the stock with a $217.00 price target.

See the top stocks recommended by analysts >>

Based on WEX’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $518 million and net profit of $123 million. In comparison, last year the company earned revenue of $411 million and had a GAAP net loss of $2.57 million.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on WEX:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More