WEX Inc. (NYSE:WEX) Receives Average Rating of “Hold” from Brokerages

WEX Inc. (NYSE:WEX) has been assigned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Twelve research 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 brokers that have issued ratings on the stock in the last year is $172.9167.

Several equities research analysts have commented on WEX shares. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. lowered their price objective on shares of WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research note on Wednesday, October 8th. UBS Group decreased their target price on WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, Bank of America upgraded WEX from a “neutral” rating to a “buy” rating and set a $178.00 price target for the company in a report on Wednesday, October 22nd.

Insider Buying and Selling

In related news, Director Stephen Montgomery Smith bought 1,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average cost of $144.25 per share, for a total transaction of $144,250.00. Following the acquisition, the director owned 7,971 shares of the company’s stock, valued at approximately $1,149,816.75. This represents a 14.35% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Kimball sold 494 shares of WEX stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the transaction, the chief accounting officer directly owned 3,671 shares in the company, valued at approximately $555,789.40. The trade was a 11.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On WEX

A number of large investors have recently added to or reduced their stakes in WEX. American Century Companies Inc. boosted its position in shares of WEX by 10.8% during the first quarter. American Century Companies Inc. now owns 3,145 shares of the business services provider’s stock worth $494,000 after buying an additional 306 shares during the period. Jump Financial LLC bought a new stake in WEX in the 1st quarter valued at approximately $408,000. Comerica Bank lifted its stake in WEX by 38.0% in the 1st quarter. Comerica Bank now owns 21,128 shares of the business services provider’s stock valued at $3,318,000 after acquiring an additional 5,822 shares in the last quarter. State of Wyoming boosted its position in WEX by 235.6% during the 1st quarter. State of Wyoming now owns 678 shares of the business services provider’s stock worth $106,000 after acquiring an additional 476 shares during the last quarter. Finally, DRW Securities LLC bought a new position in shares of WEX during the 1st quarter worth approximately $239,000. Institutional investors own 97.47% of the company’s stock.

WEX Trading Up 0.5%

NYSE WEX opened at $153.42 on Monday. WEX has a 12 month low of $110.45 and a 12 month high of $188.70. The stock has a 50-day simple moving average of $149.58 and a 200 day simple moving average of $156.77. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $5.26 billion, a PE ratio of 19.95, a P/E/G ratio of 1.22 and a beta of 1.03.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.14. The company had revenue of $691.80 million during the quarter, compared to analyst estimates of $678.25 million. WEX had a return on equity of 45.10% and a net margin of 10.81%.The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.35 EPS. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. Research analysts forecast that WEX will post 14.09 EPS for the current year.

WEX Company Profile

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.