Credit Suisse:WEX (NYSE:WEX) Valuation Insights

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How Credit Suisse Currently Rates WEX (NYSE:WEX)

Analysts at Credit Suisse have commenced coverage coverage for shares of WEX (NYSE:WEX) in an interesting research report issued to clients on Friday, 11 December. The brokerage set a Outperform rating on the $3.40B market cap firm.

From a total of 13 analysts covering WEX (NYSE:WEX) stock, 4 rate it a ”Buy”, 2 a “Sell”, and 9 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is $120 while the lowest target price is $90. The mean of all analyst targets is $98.17 with a -1.09% below today’s ($85.94) stock price. WEX was the topic of 12 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on November 2 with “Outperform” rating. Deutsche Bank maintained WEX stock in a recent report from September 21 with “Hold” rating.

Approximately 15,277 shares of stock traded hands. WEX Inc (NYSE:WEX) has declined 24.12% since May 8, 2015 and is downtrending. It has underperformed by 21.10% the S&P500.

The overall sentiment of institutions has decreased to 0.9 in Q2 2015. Its down 0.16, from 1.06 in 2015Q2. The ratio dived, as 30 institutions have sold all the shares of WEX Inc that they owned while 75 funds have taken shares off the table. 20 funds have purchased shares for the first time while 75 added to their positions. These institutions now hold 36.53 million shares or 7.92% less than the 39.66 million shares they owned in 2015Q2.

The Fund Msd Capital L P currently is holding shares equating to 5.69% of its total portfolio in WEX Inc representing a total of 491,315 shares. Another fund,Daruma Capital Management Llc, is holding a total of 533,695 shares equating to 2.85% of their holdings. Additionally, Champlain Investment Partners Llc has a 1.63 million share stake in WEX Inc which represents 2.47% of their total portfolio. The Fund, Bloombergsen Inc., based out of Ontario – Canada, has also built up a stake in the stock, which represents a total of 2.19% of their total portfolio. Finally Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma, a fund which is based in the state of Massachusetts reported a total holdings of 590,243 shares.

WEX Inc. is a provider of corporate payment solutions. The company has a market cap of $3.40 billion. The Firm operates in two divisions: Fleet Payment Solutions and Other Payment Solutions. It has 25.93 P/E ratio. The Company’s Fleet Payment Solutions segment provides clients with fleet vehicle payment processing services for commercial and Government fleets.

According to Zacks Investment Research, “WEX Inc. provides physical, digital and virtual corporate card payment solutions. The Company operates in two segments: Fleet Payment Solutions and Other Payment Solutions. The Fleet Payment Solutions segment provides customers with fleet vehicle payment processing services. The Other Payment Solutions segment provides customers with payment processing solutions for their corporate purchasing and transaction monitoring needs through its corporate purchase card, its prepaid and gift card products and services. WEX Inc., formerly known as Wright Express Corporation, is headquartered in South Portland, Maine.” Get a free copy of the Zacks research report on WEX Inc (WEX).

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