WEX Inc. (NYSE:WEX) Receives Consensus Rating of “Hold” from Analysts

Shares of WEX Inc. (NYSE:WEX) have earned an average recommendation of “Hold” from the sixteen research firms that are covering the stock, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $169.2727.

Several equities research analysts recently commented on WEX shares. Robert W. Baird upped their target price on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Loop Capital started coverage on WEX in a research note on Monday, April 27th. They issued a “buy” rating and a $195.00 price target on the stock. UBS Group set a $165.00 price target on WEX and gave the stock a “neutral” rating in a report on Friday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Finally, Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd.

Insiders Place Their Bets

In other WEX news, COO Robert Joseph Deshaies sold 3,238 shares of WEX stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $150.22, for a total value of $486,412.36. Following the completion of the sale, the chief operating officer directly owned 14,859 shares of the company’s stock, valued at approximately $2,232,118.98. The trade was a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer Kimball sold 715 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total transaction of $112,841.30. Following the transaction, the chief accounting officer owned 6,203 shares in the company, valued at $978,957.46. This represents a 10.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 15,479 shares of company stock valued at $2,454,914. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WEX

A number of hedge funds have recently added to or reduced their stakes in WEX. Lightrock Netherlands B.V. grew its position in shares of WEX by 19.7% during the 3rd quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock valued at $6,900,000 after acquiring an additional 7,200 shares during the period. Earnest Partners LLC lifted its stake in WEX by 1.1% in the third quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock valued at $143,006,000 after purchasing an additional 10,027 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in WEX by 1,289.3% during the third quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider’s stock valued at $3,119,000 after purchasing an additional 18,372 shares during the period. Citigroup Inc. increased its position in WEX by 103.8% in the third quarter. Citigroup Inc. now owns 24,088 shares of the business services provider’s stock worth $3,795,000 after buying an additional 12,266 shares during the last quarter. Finally, Snyder Capital Management L P raised its stake in shares of WEX by 13.6% in the third quarter. Snyder Capital Management L P now owns 175,427 shares of the business services provider’s stock valued at $27,635,000 after buying an additional 21,028 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Price Performance

Shares of NYSE WEX opened at $143.94 on Friday. The company has a market capitalization of $4.99 billion, a PE ratio of 16.16, a P/E/G ratio of 0.90 and a beta of 0.87. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83. WEX has a twelve month low of $122.22 and a twelve month high of $186.85. The firm has a fifty day simple moving average of $158.07 and a 200 day simple moving average of $154.39.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The business had revenue of $673.80 million for the quarter, compared to analysts’ expectations of $660.96 million. During the same quarter in the prior year, the firm posted $3.51 earnings per share. The business’s quarterly 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, sell-side analysts forecast that WEX will post 16.34 EPS for the current year.

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.