Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $98.86 on WEX Inc. (NYSE:WEX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.29 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of WEX Inc. (NYSE:WEX) stands at 42.57.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For WEX Inc. common stock, the PEG ratio for coming 3-5 years is 1.52.
The technical analysis highlights that WEX Inc. common stock current is trading $3.57 points away or +3.82% from its 50-day moving average of $93.50. Further it is trading $11.96 or +14.06% away its 200-day moving average of $85.11.
The 52-week high of WEX Inc. (NYSE:WEX) was $98.94 while lowest point recorded in 52-week was $54.42. It implies if stock price makes a movement of over $-1.87, it will record a new 52-week high. In the case of +78.37% drop, it will touch a new 52-week low.
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