WEX (NYSE:WEX) Price Target Raised to $220.00

WEX (NYSE:WEX) had its price objective upped by Robert W. Baird from $210.00 to $220.00 in a research note published on Thursday morning, MarketBeat.com reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

WEX has been the subject of several other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research note on Monday, April 20th. Wall Street Zen upgraded shares of WEX from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Mizuho cut their price target on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Raymond James Financial restated a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Finally, Cantor Fitzgerald lifted their price objective on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $166.70.

WEX Stock Performance

WEX opened at $150.70 on Thursday. The business has a 50 day moving average price of $158.92 and a two-hundred day moving average price of $154.54. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 1.13 and a beta of 0.93. WEX has a 1-year low of $120.03 and a 1-year high of $186.85.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.23. WEX had a return on equity of 42.66% and a net margin of 11.50%.The company had revenue of $673.80 million for the quarter, compared to analysts’ expectations of $660.96 million. During the same period last year, the firm earned $3.51 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Research analysts predict that WEX will post 15.73 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Carlos Carriedo sold 1,575 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total value of $251,842.50. Following the completion of the transaction, the chief operating officer owned 3,695 shares in the company, valued at $590,830.50. This trade represents a 29.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Robert Joseph Deshaies sold 3,238 shares of WEX stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total value of $486,412.36. Following the completion of the transaction, the chief operating officer directly owned 14,859 shares in the company, valued at $2,232,118.98. This represents a 17.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 15,479 shares of company stock worth $2,454,914. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

Hedge funds have recently bought and sold shares of the company. Lightrock Netherlands B.V. lifted its position in shares of WEX by 19.7% in the 3rd quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock valued at $6,900,000 after acquiring an additional 7,200 shares in the last quarter. Earnest Partners LLC grew its position in WEX by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock worth $143,006,000 after purchasing an additional 10,027 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in WEX by 1,289.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider’s stock worth $3,119,000 after purchasing an additional 18,372 shares in the last quarter. Citigroup Inc. raised its stake in WEX by 103.8% during the 3rd quarter. Citigroup Inc. now owns 24,088 shares of the business services provider’s stock valued at $3,795,000 after purchasing an additional 12,266 shares during the period. Finally, Snyder Capital Management L P raised its stake in WEX by 13.6% during the 3rd quarter. Snyder Capital Management L P now owns 175,427 shares of the business services provider’s stock valued at $27,635,000 after purchasing an additional 21,028 shares during the period. 97.47% of the stock is owned by hedge funds and other institutional investors.

More WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Q1 beat and volume growth — WEX reported adjusted Q1 EPS above estimates with Benefits driving revenue growth and total volume up ~7.5%; management raised 2026 guidance helped by updated fuel‑price assumptions. WEX’s Q1 Earnings Beat on Higher Benefits Revenues
• Positive Sentiment: Raised near‑term guidance — WEX updated Q2 EPS and revenue guidance well above Street consensus and issued FY 2026 EPS/revenue ranges; the company also outlined a ~$50M restructuring/cost‑savings program to protect margins. WEX forecasts 2026 revenue and EPS, plans $50M in savings
• Positive Sentiment: Analyst upgrade and higher price target — Robert W. Baird raised its price target substantially (to $220) and maintained an outperform view, giving bulls a catalyst for longer‑term upside. Analyst forecast roundup (includes WEX upgrade)
• Neutral Sentiment: Shareholder outreach & investor events — WEX published a shareholder letter and scheduled a virtual fireside chat (CEO & lead director designee) to outline strategy and value‑creation initiatives. WEX issues letter to shareholders
• Neutral Sentiment: Strategic narrative — Management emphasized embedding payments/financial infrastructure and AI‑driven capabilities as a competitive differentiator; useful context but longer‑term. WEX earnings highlight AI-driven shift
• Negative Sentiment: Margin squeeze & macro volatility — Several writeups and call commentary flagged compressed margins and macro/fuel volatility offsetting revenue gains, which raises near‑term profitability concerns. Q1 deep dive: margin pressures and macro volatility
• Negative Sentiment: Activist/insider dynamics — Coverage notes WEX is responding to activist pressure and highlighted recent insider sales and governance attention, a factor that can increase volatility. WEX seeks to fend off activist investor
• Negative Sentiment: Heavy selling / trading activity — Intraday data and trader commentary point to large insider and institutional moves (and a spike in volume) that appear to have amplified a sharp sell‑off and profit‑taking after a recent 52‑week high. QuiverQuant: WEX stock is down 13% today

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.