Brokerages Set WEX Inc. (NYSE:WEX) Price Target at $162.27

WEX Inc. (NYSE:WEX) has been assigned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $162.2727.

A number of research firms have commented on WEX. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research report on Wednesday, January 21st. Morgan Stanley set a $146.00 price objective on WEX in a research note on Friday, February 6th. UBS Group set a $165.00 target price on WEX and gave the company a “neutral” rating in a report on Friday, February 6th. Finally, Mizuho decreased their target price on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 6th.

WEX Price Performance

Shares of NYSE:WEX opened at $156.69 on Friday. The firm has a market cap of $5.38 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.23 and a beta of 0.97. The firm’s fifty day moving average is $157.35 and its 200-day moving average is $155.70. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.05 and a current ratio of 1.05. WEX has a 52 week low of $110.45 and a 52 week high of $180.71.

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 the consensus estimate of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.WEX’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior 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. Sell-side analysts predict that WEX will post 14.09 earnings per share for the current year.

Insider Activity

In other news, COO Carlos Carriedo sold 1,575 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $159.90, for a total transaction of $251,842.50. Following the completion of the sale, the chief operating officer directly owned 3,695 shares in the company, valued at $590,830.50. This represents a 29.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jennifer Kimball sold 494 shares of WEX stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total transaction of $74,791.60. Following the transaction, the chief accounting officer directly owned 3,671 shares of the company’s stock, valued at $555,789.40. This represents a 11.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 8,154 shares of company stock valued at $1,256,518. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new stake in shares of WEX during the 4th quarter valued at about $25,000. Quent Capital LLC bought a new stake in WEX in the third quarter worth approximately $28,000. Steph & Co. bought a new stake in WEX in the third quarter worth approximately $35,000. First Horizon Corp lifted its stake in WEX by 65.7% in the fourth 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 lifted its stake in 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 valued at $35,000 after buying an additional 173 shares during the period. 97.47% of the stock is 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.