Previous Close | 152.84 |
Open | 155.03 |
Bid | 140.00 x 800 |
Ask | 249.00 x 800 |
Day's Range | 155.03 - 162.58 |
52 Week Range | 123.01 - 208.38 |
Volume | |
Avg. Volume | 334,288 |
Market Cap | 7.283B |
Beta (5Y Monthly) | 1.62 |
PE Ratio (TTM) | 58.69 |
EPS (TTM) | 2.76 |
Earnings Date | Jul 27, 2022 - Aug 01, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 210.21 |
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Acquisitions are contributing significantly to WEX's revenue growth and enhancing the latter's scalability.
The U.S. national average for a regular gallon of gas is $4.99 as of this writing, according to the American Automobile Association. In other words, the price of gas is up 14% month over month and 63% year over year. The rapid increase in the price of gas hurts many consumers and many businesses.
Citi analyst Peter Christiansen expressed incremental bullishness on FleetCor Technologies, Inc (NYSE: FLT) and WEX Inc (NYSE: WEX), lifting estimates and target prices on both, given rising fuel prices and solid demand signs. As a reminder, the incremental flow-through on higher fuel was highly margin-accretive. Christiansen upgraded WEX from Neutral to Buy on higher fuel and increased potential for better-than-expected travel volumes. Both FLT and WEX remain at least 6-7 turns below their pre-