WEX (NYSE:WEX) Sets New 52-Week High on Analyst Upgrade

WEX Inc. (NYSE:WEX)’s stock price hit a new 52-week high during trading on Wednesday after Morgan Stanley raised their price target on the stock from $146.00 to $158.00. Morgan Stanley currently has an equal weight rating on the stock. WEX traded as high as $186.16 and last traded at $182.6060, with a volume of 222064 shares changing hands. The stock had previously closed at $177.53.

Other equities research analysts have also issued reports about the company. Mizuho reduced their price objective on WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Cantor Fitzgerald raised their price objective on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. reduced their price objective on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Finally, UBS Group set a $165.00 price objective on WEX and gave the stock a “neutral” rating in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $163.36.

Insider Activity at WEX

In other WEX news, insider Sara Trickett sold 1,815 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $149.95, for a total transaction of $272,159.25. Following the sale, the insider directly owned 2,137 shares of the company’s stock, valued at $320,443.15. The trade was a 45.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Carlos Carriedo sold 1,575 shares of the business’s 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 sale, the chief operating officer directly owned 3,695 shares in the company, valued at approximately $590,830.50. This trade represents a 29.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 15,479 shares of company stock worth $2,454,914. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On WEX

A number of hedge funds and other institutional investors have recently bought and sold shares of WEX. Los Angeles Capital Management LLC bought a new position in WEX in the 4th quarter worth approximately $25,000. Quent Capital LLC acquired a new stake in WEX during the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after acquiring an additional 173 shares during the period. Hantz Financial Services Inc. lifted its position in WEX by 162.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 141 shares in the last quarter. Finally, First Horizon Corp boosted its stake in WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Stock Performance

The stock has a fifty day simple moving average of $158.62 and a 200-day simple moving average of $154.39. The stock has a market cap of $6.42 billion, a P/E ratio of 21.79, a PEG ratio of 1.32 and a beta of 0.93. 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 (NYSE:WEX) last issued its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.90 by $0.21. The company had revenue of $672.90 million for 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%. WEX’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. On average, equities analysts expect that WEX Inc. will post 15.55 earnings per share for the current year.

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.