WEX (NYSE:WEX) Upgraded by Wall Street Zen to “Buy” Rating

WEX (NYSE:WEX) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other brokerages also recently issued reports on WEX. Raymond James Financial restated a “market perform” rating on shares of WEX in a research report on Friday, March 6th. UBS Group set a $165.00 target price on WEX and gave the stock a “neutral” rating in a research note on Friday, February 6th. Morgan Stanley set a $146.00 price target on WEX in a report on Friday, February 6th. JPMorgan Chase & Co. reduced their price target on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $162.27.

WEX Price Performance

NYSE:WEX opened at $156.76 on Friday. The company has a market cap of $5.38 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.15 and a beta of 0.97. The firm’s fifty day moving average price is $157.03 and its two-hundred day moving average price is $155.40. WEX has a one year low of $110.45 and a one year high of $180.71. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.90 by $0.21. The company had revenue of $672.90 million during the quarter, compared to analysts’ expectations of $660.89 million. WEX had a net margin of 11.43% and a return on equity of 48.01%. WEX’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.57 EPS. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. Equities analysts expect that WEX will post 14.09 earnings per share for the current year.

Insider Buying and Selling at WEX

In related news, COO Carlos Carriedo sold 1,575 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total transaction of $251,842.50. Following the sale, the chief operating officer owned 3,695 shares of the company’s stock, valued at $590,830.50. This represents a 29.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Robert Joseph Deshaies sold 3,238 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total value of $486,412.36. Following the transaction, the chief operating officer owned 14,859 shares in the company, valued at approximately $2,232,118.98. This trade represents a 17.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,375 shares of company stock valued at $1,294,567 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

A number of institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new stake in shares of WEX during the 4th quarter worth $25,000. Quent Capital LLC bought a new stake in WEX during the third quarter worth about $28,000. Steph & Co. acquired a new stake in WEX during the third quarter worth about $35,000. First Horizon Corp increased its holdings in WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after buying an additional 94 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares during the period. 97.47% of the stock is currently owned by institutional investors.

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.