Somewhat Positive News Coverage Somewhat Unlikely to Affect WEX (NYSE:WEX) Stock Price

Media headlines about WEX (NYSE:WEX) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. WEX earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.3574911661837 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

WEX (NYSE:WEX) traded down $4.27 during trading hours on Friday, reaching $149.63. 513,494 shares of the company were exchanged, compared to its average volume of 278,028. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.20. The company has a market cap of $6,420.62, a price-to-earnings ratio of 31.24, a P/E/G ratio of 1.65 and a beta of 1.91. WEX has a 52 week low of $97.26 and a 52 week high of $156.85.

WEX has been the subject of several recent analyst reports. Oppenheimer boosted their price objective on shares of WEX from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. SunTrust Banks upgraded shares of WEX from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Tuesday, October 17th. TheStreet upgraded shares of WEX from a “c+” rating to a “b” rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of WEX from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research report on Friday, October 13th. Finally, Citigroup boosted their price objective on shares of WEX from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. WEX presently has a consensus rating of “Buy” and a consensus target price of $137.69.

In other WEX news, CEO Melissa D. Smith sold 3,329 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $125.00, for a total transaction of $416,125.00. Following the transaction, the chief executive officer now directly owns 60,380 shares of the company’s stock, valued at approximately $7,547,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Robert Phillips sold 20,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $127.68, for a total transaction of $2,553,600.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,536 shares of company stock worth $24,234,565. Insiders own 9.00% of the company’s stock.

WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Affect WEX (NYSE:WEX) Stock Price” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/04/wex-wex-getting-somewhat-favorable-media-coverage-analysis-finds.html.

About WEX

WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.

Insider Buying and Selling by Quarter for WEX (NYSE:WEX)

Receive News & Ratings for WEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEX and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply