Analysts Set WEX Inc. (NYSE:WEX) Target Price at $171.36

Shares of WEX Inc. (NYSE:WEX) have received an average recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $171.3636.

A number of equities analysts recently commented on WEX shares. JPMorgan Chase & Co. decreased their price target on WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. 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 report on Friday, October 31st. Robert W. Baird boosted their price target on WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research report on Wednesday. Finally, Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Wednesday, October 22nd.

WEX Stock Down 1.2%

WEX stock opened at $159.92 on Friday. The company has a market capitalization of $5.48 billion, a P/E ratio of 20.80, a PEG ratio of 1.19 and a beta of 0.99. The firm has a 50 day simple moving average of $151.75 and a 200-day simple moving average of $158.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.33. WEX has a twelve month low of $110.45 and a twelve month high of $188.70.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.14. The firm had revenue of $691.80 million for the quarter, compared to the consensus estimate of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.10%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, equities research analysts predict that WEX will post 14.09 earnings per share for the current fiscal year.

Insider Activity

In other WEX news, CAO Jennifer Kimball sold 494 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $151.40, for a total value of $74,791.60. Following the transaction, the chief accounting officer owned 3,671 shares of the company’s stock, valued at $555,789.40. This trade represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Robert Joseph Deshaies sold 1,506 shares of WEX stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $149.62, for a total value of $225,327.72. Following the completion of the transaction, the chief operating officer owned 15,699 shares of the company’s stock, valued at approximately $2,348,884.38. The trade was a 8.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

Several hedge funds have recently made changes to their positions in WEX. American Century Companies Inc. grew its stake in WEX by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after buying an additional 60 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of WEX by 22.1% during the second quarter. UMB Bank n.a. now owns 376 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 68 shares during the period. Johnson Investment Counsel Inc. grew its position in shares of WEX by 0.7% during the third 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 grew its position in shares of WEX by 3.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock worth $403,000 after acquiring an additional 74 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of WEX by 1.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,985 shares of the business services provider’s stock worth $785,000 after acquiring an additional 94 shares during the period. Institutional investors own 97.47% of the company’s stock.

About WEX

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.