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    WEX   US96208T1043

WEX INC.

(WEX)
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WEX Signs New Fleet Card Agreement with the State of Minnesota

09/15/2021 | 06:45am EDT

WEX announced it has been awarded and entered into the state-wide fleet card contract with the State of Minnesota through the NASPO ValuePoint Master Agreement. The company to expand its extensive government contract portfolio and continue working with state-wide fleets. NASPO ValuePoint is the cooperative purchasing arm of the National Association of State Procurement Officials (NASPO). With the recent signings of additional NASPO participants Washington, Oregon, Colorado, Wisconsin, Arizona and Connecticut, WEX now has 34 state government contracts and approximately 1.2 million cards issued to state, federal and local government entities. The WEX Fleet Card program provides Minnesota state agencies and other eligible local government entities with convenient payment tools, reporting and analytics to support their purchases of fuel and electric vehicle charging services as well as other fleet-related expenses.


© S&P Capital IQ 2021
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Analyst Recommendations on WEX INC.
More recommendations
Financials (USD)
Sales 2021 1 824 M - -
Net income 2021 82,6 M - -
Net Debt 2021 2 401 M - -
P/E ratio 2021 125x
Yield 2021 -
Capitalization 8 723 M 8 723 M -
EV / Sales 2021 6,10x
EV / Sales 2022 5,15x
Nbr of Employees 5 300
Free-Float 89,2%
Chart WEX INC.
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Technical analysis trends WEX INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 194,72 $
Average target price 226,40 $
Spread / Average Target 16,3%
EPS Revisions
Managers and Directors
Melissa D. Smith Chairman, President & Chief Executive Officer
Roberto Simon Chief Financial & Accounting Officer
David Cooper Chief Technology Officer
Kenneth W. Janosick Chief Portfolio Risk & Operations Officer
Ann E. Drew Chief Risk & Compliance Officer
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