Fintel reports that on October 27, 2023, Morgan Stanley maintained coverage of WEX (NYSE:WEX) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 43.18% Upside
As of October 5, 2023, the average one-year price target for WEX is 233.84. The forecasts range from a low of 195.94 to a high of $288.75. The average price target represents an increase of 43.18% from its latest reported closing price of 163.32.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for WEX is 2,449MM, a decrease of 2.17%. The projected annual non-GAAP EPS is 13.98.
What is the Fund Sentiment?
There are 899 funds or institutions reporting positions in WEX. This is a decrease of 5 owner(s) or 0.55% in the last quarter. Average portfolio weight of all funds dedicated to WEX is 0.30%, a decrease of 3.15%. Total shares owned by institutions decreased in the last three months by 1.05% to 53,281K shares. 
The put/call ratio of WEX is 0.13, indicating a bullish outlook.
What are Other Shareholders Doing?
Janus Henderson Group holds 4,067K shares representing 9.47% ownership of the company. In it's prior filing, the firm reported owning 3,843K shares, representing an increase of 5.50%. The firm increased its portfolio allocation in WEX by 198.39% over the last quarter.
Wellington Management Group Llp holds 3,038K shares representing 7.07% ownership of the company. In it's prior filing, the firm reported owning 3,113K shares, representing a decrease of 2.47%. The firm decreased its portfolio allocation in WEX by 7.79% over the last quarter.
JAENX - Janus Henderson Enterprise Fund Class T holds 2,474K shares representing 5.76% ownership of the company. In it's prior filing, the firm reported owning 2,340K shares, representing an increase of 5.41%. The firm increased its portfolio allocation in WEX by 0.38% over the last quarter.
Impactive Capital holds 2,106K shares representing 4.90% ownership of the company. No change in the last quarter.
Par Capital Management holds 1,854K shares representing 4.32% ownership of the company. In it's prior filing, the firm reported owning 1,856K shares, representing a decrease of 0.12%. The firm decreased its portfolio allocation in WEX by 6.45% over the last quarter.
WEX Background Information
(This description is provided by the company.)
Powered by the belief that complex payment systems can be made simple, WEX is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 5,200 associates around the world. WEX fleet cards offer 15.8 million vehicles exceptional payment security and control; purchase volume in travel and corporate solutions was $20.9 billion in 2020; and the WEX Health financial technology platform helps 408,000 employers and 33.1 million consumers better manage healthcare expenses.
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