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

WEX Inc. (NYSE:WEX) has received a consensus rating of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $172.70.

WEX has been the topic of several recent analyst reports. Loop Capital initiated coverage on WEX in a research note on Monday, April 27th. They set a “buy” rating and a $195.00 target price on the stock. 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, February 6th. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research note on Monday, April 20th. Finally, Cantor Fitzgerald raised their price target on shares of WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, February 9th.

WEX Stock Performance

Shares of WEX stock opened at $143.04 on Thursday. WEX has a one year low of $128.91 and a one year high of $186.85. The company’s 50-day moving average is $153.44 and its 200 day moving average is $153.34. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 0.92 and a beta of 0.87. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The company had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. During the same period in the prior year, the firm posted $3.51 EPS. WEX’s revenue for the quarter was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Sell-side analysts expect that WEX will post 16.48 EPS for the current fiscal year.

WEX announced that its Board of Directors has initiated a share repurchase plan 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 shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, CAO Jennifer Kimball sold 715 shares of the firm’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 sale, the chief accounting officer owned 6,203 shares of the company’s stock, valued at $978,957.46. This trade represents a 10.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $175.00, for a total transaction of $612,500.00. Following the sale, the chief operating officer directly owned 22,872 shares in the company, valued at approximately $4,002,600. The trade was a 13.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,819 shares of company stock valued at $1,273,188 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WEX

A number of institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of WEX by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after buying an additional 60 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of WEX by 0.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,615 shares of the business services provider’s stock worth $1,515,000 after buying an additional 70 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of WEX by 3.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock worth $403,000 after buying an additional 74 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of WEX by 1.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,985 shares of the business services provider’s stock worth $785,000 after buying an additional 94 shares during the last quarter. Finally, First Horizon Corp boosted its holdings in shares of WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after buying an additional 94 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

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.