Oppenheimer analyst Scott Schneeberger maintained a Buy rating on WEX (NYSE:WEX) on Sunday, setting a price target of $178, which is approximately 9.33% above the present share price of $162.81.
Schneeberger expects WEX to post earnings per share (EPS) of -$0.37 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in WEX, with an average price target of $172.75.
The analysts price targets range from a high of $210 to a low of $155.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $431.68 million and a net profit of $74.83 million. The company's market cap is $7.18 billion.
According to TipRanks.com, Oppenheimer analyst Scott Schneeberger is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.7% and a 59.54% success rate.
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.