WEX Inc. – Consensus indicates 22.1% upside potential

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WEX inc. with the ticker code (WEX) now have 14 analysts covering the stock with the consensus suggesting a buy rating. The range between the high target price and the low target price is between 226 and 155 and has an average objective at 191.5. Now, with the previous closing price of 156.83, this indicates that there is 22.1% upside potential. The 50-day MA is 142.68 while the 200-day moving average is 173.7. The market cap of the company is $7,179 million. Visit the company’s website at: https://www.wexinc.com

The potential market capitalization would be $8,766 million based on market consensus.

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WEX Inc. provides financial technology services in North America, Asia-Pacific and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer services, account activation and account maintenance; authorization and billing requests and account maintenance services; premium fleet services; credit and collection services; merchant services; analytics solutions with access to a web-based data analytics platform that provides insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium and large fleets, as well as on-road and long-haul fleets; and indirectly through co-branding and private label relationships. The Travel and Corporate Solutions segment provides payment processing solutions for payment and transaction monitoring needs. Its products include virtual cards that are used for card-not-present transactions that require pre-authorization; and prepaid card and gift card products that enable secure payment and financial management solutions with single card options, access to open or closed loop redemption, load limits and with various expirations. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Benefits Solutions segment offers healthcare payment products and consumer-facing software-as-a-service platforms for the healthcare market, as well as payroll and social benefits in Brazil. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is headquartered in Portland, Maine.

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