WEX (NYSE:WEX) Price Target Raised to $166.00 at Cantor Fitzgerald

WEX (NYSE:WEX) had its price target raised by equities research analysts at Cantor Fitzgerald from $158.00 to $166.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 1.62% from the company’s current price.

A number of other research firms have also commented on WEX. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Morgan Stanley set a $146.00 price objective on shares of 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 price target on the stock in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. cut their target price on WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, WEX presently has a consensus rating of “Hold” and an average price target of $162.27.

WEX Trading Up 10.0%

NYSE:WEX opened at $163.36 on Monday. The company’s 50 day moving average is $153.66 and its 200-day moving average is $158.14. WEX has a 12 month low of $110.45 and a 12 month high of $180.71. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 1.19 and a beta of 0.98. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86.

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

Insider Buying and Selling at WEX

In other news, COO Robert Joseph Deshaies sold 1,506 shares of WEX stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $149.62, for a total transaction of $225,327.72. Following the completion of the transaction, the chief operating officer directly owned 15,699 shares in the company, valued at approximately $2,348,884.38. The trade was a 8.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen Montgomery Smith acquired 1,000 shares of WEX stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $144.25 per share, with a total value of $144,250.00. Following the completion of the transaction, the director owned 7,971 shares of the company’s stock, valued at approximately $1,149,816.75. This trade represents a 14.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On WEX

A number of institutional investors have recently modified their holdings of WEX. Vanguard Group Inc. lifted its position in shares of WEX by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock valued at $513,903,000 after acquiring an additional 12,099 shares during the period. Boston Partners boosted its holdings in shares of WEX by 0.3% during the 3rd quarter. Boston Partners now owns 1,273,363 shares of the business services provider’s stock valued at $200,704,000 after acquiring an additional 4,227 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in WEX by 1.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,085,795 shares of the business services provider’s stock worth $159,494,000 after purchasing an additional 17,691 shares in the last quarter. Earnest Partners LLC raised its position 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. Finally, Bank of America Corp DE grew its holdings in shares of WEX by 8.6% during the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock worth $138,474,000 after purchasing an additional 69,375 shares during the last quarter. Institutional investors 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.