WEX Inc. (NYSE:WEX) Receives $172.30 Average Target Price from Analysts

WEX Inc. (NYSE:WEX) has been assigned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $172.30.

A number of brokerages have issued reports on WEX. Robert W. Baird upped their price objective on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Deutsche Bank Aktiengesellschaft cut their target price on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Morgan Stanley upped their target price on WEX from $146.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings raised WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 9th.

Insider Buying and Selling at WEX

In related news, Director James R. Groch purchased 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $142.95 per share, with a total value of $214,425.00. Following the acquisition, the director owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This represents a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Robert Joseph Deshaies sold 2,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $148.40, for a total transaction of $296,800.00. Following the transaction, the chief operating officer owned 20,288 shares of the company’s stock, valued at approximately $3,010,739.20. The trade was a 8.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

Several hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new position in shares of WEX during the 4th quarter valued at approximately $25,000. First Horizon Corp increased its stake in shares of WEX by 65.7% during the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 worth $35,000 after purchasing an additional 173 shares during the period. Root Financial Partners LLC raised its holdings in shares of WEX by 255.0% in the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after purchasing an additional 255 shares during the period. Finally, IFP Advisors Inc lifted its stake in WEX by 225.4% in the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

WEX Price Performance

WEX opened at $164.90 on Friday. 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 $5.72 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 1.01 and a beta of 0.85. The firm’s fifty day moving average price is $143.56 and its two-hundred day moving average price is $152.19. WEX has a 1 year low of $125.29 and a 1 year high of $186.85.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The firm had revenue of $673.80 million during the quarter, compared to analyst estimates of $660.96 million. During the same quarter in the prior year, the business posted $3.51 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. As a group, analysts anticipate that WEX will post 16.81 earnings per share for the current fiscal year.

WEX declared that its board has authorized a stock buyback program on Thursday, May 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to buy up to 21.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.