WEX Inc. (NYSE:WEX) Given Average Recommendation of “Hold” by Analysts

WEX Inc. (NYSE:WEX) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $172.70.

WEX has been the topic of a number of recent research reports. 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. 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. Mizuho lowered their price objective on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research note on Monday, April 20th. Finally, Loop Capital initiated coverage on WEX in a research note on Monday, April 27th. They set a “buy” rating and a $195.00 price objective on the stock.

Insider Buying and Selling

In other WEX news, COO Robert Joseph Deshaies sold 1,200 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $144.84, for a total transaction of $173,808.00. Following the transaction, the chief operating officer owned 22,288 shares in the company, valued at $3,228,193.92. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer Kimball sold 715 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total value of $112,841.30. Following the completion of the sale, the chief accounting officer directly owned 6,203 shares in the company, valued at approximately $978,957.46. This represents a 10.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,019 shares of company stock worth $1,446,996 in the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On WEX

Large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new stake in shares of WEX in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 173 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of 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 purchasing an additional 141 shares in the last quarter. First Horizon Corp boosted its holdings in shares of WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 94 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of WEX by 56.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Price Performance

Shares of NYSE WEX opened at $149.50 on Thursday. The firm has a market cap of $5.18 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 0.90 and a beta of 0.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. WEX has a 1-year low of $128.91 and a 1-year high of $186.85. The business’s 50 day moving average is $153.15 and its 200-day moving average is $153.33.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. The company had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.51 earnings per share. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Equities research analysts predict that WEX will post 16.48 earnings per share for the current year.

WEX declared that its board has approved a share buyback program on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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.