Wex, Inc. (WEX): Notes From The Road - Jefferies
Get Alerts WEX Hot Sheet
Rating Summary:
14 Buy, 10 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Join SI Premium – FREE
Jefferies analyst, Ramsey El-Assal, Buy WEX Inc. (NYSE: WEX) after taking the company's management on a non-deal roadshow. Pricing remains a compelling ongoing opportunity for the company, and a key focus area for investors. In addition, the 2017 setup looks solid with tailwinds that could include: 1) benefits from the recently announced MasterCard deal renewal, 2) EFS deal accretion, 3) potential broader C-Trip roll out, and 4) modest incremental accretion from ESSO.
WEX provided color on the ongoing pricing opportunity, indicating that successful preliminary Q2 testing of the higher 6.99% late fee level (vs. 2.99% prior) likely supports a more comprehensive fleet-wide (SMB) rollout. Historical precedent suggests the higher fee will first be rolled out to direct customers, followed by incremental testing, before being rolled out to indirect customers.
No change to the price target of $114.
For an analyst ratings summary and ratings history on WEX Inc. click here. For more ratings news on WEX Inc. click here.
Shares of WEX Inc. closed at $105.02 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- WEX Signs Agreement with Leading Online Travel Platform Booking.com
- First Cash Financial (FCFS) PT Lowered to $140 at TD Cowen
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Management CommentsRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!