WEX (NYSE:WEX) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

WEX (NYSE:WEX) had its price objective increased by Keefe, Bruyette & Woods from $200.00 to $210.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 18.94% from the stock’s current price.

Several other research firms also recently issued reports on WEX. Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Morgan Stanley upped their price objective on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Evercore raised shares of WEX to an “outperform” rating in a research note on Tuesday. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research report on Friday, June 12th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $179.73.

WEX Trading Up 3.0%

Shares of WEX stock opened at $176.56 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.05 and a current ratio of 1.04. WEX has a 52 week low of $125.29 and a 52 week high of $186.85. The stock has a 50 day moving average price of $146.40 and a two-hundred day moving average price of $152.75. The stock has a market capitalization of $6.12 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The firm had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same quarter in the previous year, the company posted $3.95 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, equities analysts anticipate that WEX will post 16.88 earnings per share for the current fiscal year.

WEX announced that its board has approved a share repurchase plan on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at WEX

In other news, COO Robert Joseph Deshaies sold 2,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.40, for a total value of $296,800.00. Following the completion of the sale, the chief operating officer owned 20,288 shares in the company, valued at $3,010,739.20. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch bought 1,500 shares of the stock in a transaction dated Monday, May 18th. The stock was purchased at an average price 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. The trade was a 9.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in WEX in the 4th quarter valued at about $25,000. First Horizon Corp boosted its stake in shares of WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after buying an additional 94 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake 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 buying an additional 173 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of WEX by 255.0% in the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 255 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of 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 acquiring an additional 257 shares in the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Key WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 2026 expectations on both revenue and earnings, with revenue up 14.2% year over year to $753.5 million and adjusted EPS rising to $5.35, helping support bullish investor sentiment. Article Title
• Positive Sentiment: The company raised full-year guidance, now targeting $2.86 billion to $2.90 billion in revenue and $19.68 to $20.08 in adjusted EPS, which signals management confidence in continued growth. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target on WEX to $210 from $200 and reiterated an outperform rating, implying additional upside from current levels. Article Title

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.