WEX (NYSE:WEX) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of WEX (NYSE:WEX) from a hold rating to a buy rating in a research report report published on Saturday morning.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley upped their target price on WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Loop Capital started coverage on WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price for the company. UBS Group set a $165.00 target price on WEX and gave the stock a “neutral” rating in a research report on Friday, February 6th. Cantor Fitzgerald increased their price target on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. reduced their price target on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $169.27.

WEX Price Performance

Shares of NYSE WEX opened at $141.20 on Friday. WEX has a 1-year low of $128.91 and a 1-year high of $186.85. The business has a 50-day moving average of $155.90 and a 200-day moving average of $153.63. 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 $4.90 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.89 and a beta of 0.87.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $660.96 million. During the same quarter in the prior year, the business earned $3.51 earnings per share. The company’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. On average, equities analysts anticipate that WEX will post 15.37 EPS for the current fiscal year.

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

Insider Transactions at WEX

In related news, CAO Jennifer Kimball sold 715 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total value of $112,841.30. Following the completion of the transaction, the chief accounting officer owned 6,203 shares of the company’s stock, valued at approximately $978,957.46. This represents a 10.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Carlos Carriedo sold 1,575 shares of the stock in a transaction dated Wednesday, February 18th. The shares were 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 directly owned 3,695 shares of the company’s stock, valued at $590,830.50. This represents a 29.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,447 shares of company stock valued at $2,283,602 in the last three months. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in WEX by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after buying an additional 60 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in WEX by 0.7% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,615 shares of the business services provider’s stock worth $1,515,000 after buying an additional 70 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in WEX by 3.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock worth $403,000 after buying an additional 74 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in WEX by 1.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,985 shares of the business services provider’s stock worth $785,000 after buying an additional 94 shares during the last quarter. Finally, First Horizon Corp lifted its holdings in 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 buying an additional 94 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

WEX News Roundup

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX’s board authorized a new $1.0 billion stock repurchase program, a signal that management believes the shares are undervalued and that could provide support for the stock. Wex Authorizes $1B Buyback, Names New Board Chair Amid Activist Deal
• Positive Sentiment: Zacks Research raised multiple forward earnings estimates for WEX, including Q2 2026, Q3 2026, Q4 2026, FY2027, and FY2028, suggesting analysts see stronger profitability ahead. Higher EPS estimates are generally bullish for valuation.
• Positive Sentiment: WEX was also highlighted as a strong value stock, which may be adding to investor interest as the shares trade well below recent highs. Here’s Why Wex (WEX) is a Strong Value Stock
• Neutral Sentiment: WEX entered the period with solid recent operating results, having recently topped quarterly earnings and revenue expectations, which supports the market’s confidence in the business.
• Negative Sentiment: Despite the upbeat news, WEX remains below its 50-day and 200-day moving averages, and its FY2026 estimate was revised down sharply in one Zacks note, showing that near-term expectations can still be volatile.

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.