Analysts Set WEX Inc. (NYSE:WEX) Price Target at $172.92

Shares of WEX Inc. (NYSE:WEX) have earned an average rating of “Hold” from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $172.9167.

A number of brokerages have recently commented on WEX. Morgan Stanley upped their price target on WEX from $142.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of WEX in a report on Thursday, July 17th. They set a “hold” rating and a $150.00 price objective on the stock. Barclays lifted their target price on shares of WEX from $135.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Mizuho increased their target price on WEX from $150.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, William Blair reissued a “market perform” rating on shares of WEX in a report on Friday, July 25th.

WEX Stock Performance

Shares of WEX opened at $147.90 on Friday. The stock has a 50 day moving average of $158.70 and a 200 day moving average of $153.33. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.99. WEX has a 12 month low of $110.45 and a 12 month high of $191.43. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.34 and a beta of 1.24.

WEX (NYSE:WEX) last released its earnings results on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.14. WEX had a return on equity of 45.36% and a net margin of 10.81%.The company had revenue of $691.70 million for the quarter, compared to analysts’ expectations of $678.25 million. During the same period in the previous year, the business posted $4.35 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. As a group, sell-side analysts forecast that WEX will post 14.09 earnings per share for the current year.

Hedge Funds Weigh In On WEX

A number of large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position in WEX by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after buying an additional 60 shares during the last quarter. UMB Bank n.a. grew its holdings in WEX by 22.1% during the second quarter. UMB Bank n.a. now owns 376 shares of the business services provider’s stock worth $55,000 after purchasing an additional 68 shares during the period. Johnson Investment Counsel Inc. increased its holdings in shares of WEX by 0.7% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,615 shares of the business services provider’s stock worth $1,515,000 after acquiring an additional 70 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of WEX by 3.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock worth $403,000 after buying an additional 74 shares during the period. Finally, Inspire Investing LLC grew its position in shares of WEX by 3.5% in the first quarter. Inspire Investing LLC now owns 2,588 shares of the business services provider’s stock valued at $406,000 after purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

About WEX

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.