WEX Inc. (NYSE:WEX) Receives Average Rating of “Hold” from Brokerages

WEX Inc. (NYSE:WEX) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $183.30.

Several research analysts have commented on the company. Loop Capital assumed coverage on WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 price objective on the stock. Robert W. Baird upped their target price on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Finally, Cantor Fitzgerald set a $178.00 price target on WEX in a research report on Monday, July 27th.

WEX Price Performance

WEX stock opened at $186.89 on Tuesday. WEX has a 52-week low of $125.29 and a 52-week high of $192.37. The firm has a fifty day moving average of $155.25 and a 200-day moving average of $154.97. The firm has a market capitalization of $6.37 billion, a P/E ratio of 18.61, a PEG ratio of 1.03 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. During the same quarter last year, the firm posted $3.95 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. 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, analysts predict that WEX will post 17.12 EPS for the current year.

WEX announced that its board has initiated a share repurchase plan on Thursday, May 14th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at WEX

In other news, Director James R. Groch bought 1,500 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the purchase, the director owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This trade represents a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ann Elena Drew sold 3,400 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.02, for a total transaction of $598,468.00. Following the sale, the insider directly owned 7,988 shares of the company’s stock, valued at approximately $1,406,047.76. The trade was a 29.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 9,858 shares of company stock valued at $1,662,835. 1.40% of the stock is owned by company insiders.

Institutional Trading of WEX

Several large investors have recently modified their holdings of WEX. CWM LLC lifted its stake in shares of WEX by 377.9% in the fourth quarter. CWM LLC now owns 17,395 shares of the business services provider’s stock worth $2,592,000 after acquiring an additional 13,755 shares in the last quarter. M&T Bank Corp acquired a new stake in WEX during the 4th quarter valued at approximately $28,129,000. Crossmark Global Holdings Inc. increased its holdings in WEX by 47.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider’s stock worth $4,351,000 after purchasing an additional 9,410 shares during the last quarter. Geode Capital Management LLC increased its holdings in WEX by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider’s stock worth $95,209,000 after purchasing an additional 6,971 shares during the last quarter. Finally, CenterBook Partners LP raised its position in shares of WEX by 252.7% in the 4th quarter. CenterBook Partners LP now owns 70,834 shares of the business services provider’s stock valued at $10,553,000 after purchasing an additional 50,752 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

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.