Citigroup Raises WEX (WEX) Stock To a “Buy” Rating

April 26, 2018 - By Henry Gaston

WEX Inc. (NYSE:WEX) Logo

Investors sentiment decreased to 1.25 in Q4 2017. Its down 0.77, from 2.02 in 2017Q3. It worsened, as 14 investors sold WEX Inc. shares while 79 reduced holdings. 49 funds opened positions while 67 raised stakes. 45.93 million shares or 1.50% less from 46.62 million shares in 2017Q3 were reported.

Comerica National Bank & Trust invested 0.03% of its portfolio in WEX Inc. (NYSE:WEX). Nelson Roberts Invest Advsrs Llc stated it has 6 shares or 0% of all its holdings. Moreover, Three Corner Invsts Ltd Partnership has 2.75% invested in WEX Inc. (NYSE:WEX) for 68,100 shares. 6,475 were accumulated by Envestnet Asset Mngmt. Guggenheim Cap Ltd Llc holds 0.01% in WEX Inc. (NYSE:WEX) or 36,854 shares. Swiss Fincl Bank reported 65,826 shares. Evercore Wealth Ltd reported 0% stake. 8,534 were accumulated by Fdx Advisors. Forward Mgmt Lc has 3,063 shares for 0.05% of their portfolio. Neuberger Berman Group Incorporated Lc invested in 0.31% or 1.90 million shares. Braun Stacey Associates holds 0.67% or 70,459 shares in its portfolio. Balyasny Asset Mgmt Limited Liability Company invested in 270,239 shares or 0.12% of the stock. Ny State Common Retirement Fund reported 0.02% of its portfolio in WEX Inc. (NYSE:WEX). Sei Invests Com reported 0.06% stake. 2,704 are held by Com Comml Bank.

WEX (WEX) Stock Upgrade

In analysts note issued to investors and clients on Thursday, 26 April, Citigroup announced that they have decided to upgrade shares of WEX (WEX) stock from a “Neutral” to a “Buy”.

Investors sentiment decreased to 1.25 in Q4 2017. Its down 0.77, from 2.02 in 2017Q3. It worsened, as 14 investors sold WEX Inc. shares while 79 reduced holdings. 49 funds opened positions while 67 raised stakes. 45.93 million shares or 1.50% less from 46.62 million shares in 2017Q3 were reported.

Comerica National Bank & Trust invested 0.03% of its portfolio in WEX Inc. (NYSE:WEX). Nelson Roberts Invest Advsrs Llc stated it has 6 shares or 0% of all its holdings. Moreover, Three Corner Invsts Ltd Partnership has 2.75% invested in WEX Inc. (NYSE:WEX) for 68,100 shares. 6,475 were accumulated by Envestnet Asset Mngmt. Guggenheim Cap Ltd Llc holds 0.01% in WEX Inc. (NYSE:WEX) or 36,854 shares. Swiss Fincl Bank reported 65,826 shares. Evercore Wealth Ltd reported 0% stake. 8,534 were accumulated by Fdx Advisors. Forward Mgmt Lc has 3,063 shares for 0.05% of their portfolio. Neuberger Berman Group Incorporated Lc invested in 0.31% or 1.90 million shares. Braun Stacey Associates holds 0.67% or 70,459 shares in its portfolio. Balyasny Asset Mgmt Limited Liability Company invested in 270,239 shares or 0.12% of the stock. Ny State Common Retirement Fund reported 0.02% of its portfolio in WEX Inc. (NYSE:WEX). Sei Invests Com reported 0.06% stake. 2,704 are held by Com Comml Bank.

The stock increased 1.45% or $2.28 during the last trading session, reaching $159.46. About 317,107 shares traded. WEX Inc. (WEX) has risen 49.86% since April 27, 2017 and is uptrending. It has outperformed by 38.31% the S&P500.

WEX Inc. provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. The company has market cap of $6.86 billion. It operates through three divisions: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. It has a 42.87 P/E ratio. The Fleet Solutions segment offers fleet vehicle payment and transaction processing services.

WEX Inc. (NYSE:WEX) Institutional Positions Chart

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