Cantor Fitzgerald Issues Positive Forecast for WEX (NYSE:WEX) Stock Price

WEX (NYSE:WEX) had its price objective lifted by Cantor Fitzgerald from $158.00 to $166.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

A number of other brokerages have also weighed in on WEX. Morgan Stanley set a $146.00 price target on WEX in a research note on Friday. Bank of America upgraded WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price for the company in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price target on WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. Finally, UBS Group set a $165.00 price objective on shares of WEX and gave the stock a “neutral” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, WEX currently has a consensus rating of “Hold” and a consensus target price of $162.27.

WEX Price Performance

NYSE:WEX opened at $162.32 on Monday. WEX has a 12-month low of $110.45 and a 12-month high of $180.71. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98. The company’s 50-day moving average is $153.98 and its two-hundred day moving average is $158.06. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86.

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

Insider Transactions at WEX

In other WEX news, Director Stephen Montgomery Smith bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $144.25 per share, with a total value of $144,250.00. Following the transaction, the director owned 7,971 shares in the company, valued at $1,149,816.75. This trade represents a 14.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Jennifer Kimball sold 494 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the transaction, the chief accounting officer owned 3,671 shares in the company, valued at $555,789.40. The trade was a 11.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On WEX

Several large investors have recently made changes to their positions in the business. Quent Capital LLC purchased a new stake in WEX during the 3rd quarter worth $28,000. Steph & Co. purchased a new position in WEX in the third quarter valued at about $35,000. First Horizon Corp lifted its stake in shares of WEX by 65.7% during the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of WEX by 368.1% in the third 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 period. Finally, Hantz Financial Services Inc. grew its stake in shares of WEX by 162.1% in the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after buying an additional 141 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

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.