WEX (NYSE:WEX) Raised to Buy at Wall Street Zen

WEX (NYSE:WEX) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other equities research analysts have also recently commented on the company. Cantor Fitzgerald raised their target price on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. UBS Group set a $165.00 price target on shares of WEX and gave the stock a “neutral” rating in a report on Friday, February 6th. Mizuho reduced their price objective on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research report on Wednesday, January 21st. Finally, Morgan Stanley set a $146.00 target price on shares of WEX in a research note on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, WEX currently has a consensus rating of “Hold” and a consensus target price of $162.27.

WEX Trading Up 3.3%

Shares of NYSE:WEX opened at $156.76 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86. WEX has a 12-month low of $110.45 and a 12-month high of $180.71. The business has a 50 day moving average of $157.03 and a two-hundred day moving average of $155.21. The company has a market capitalization of $5.38 billion, a PE ratio of 18.44, a PEG ratio of 1.19 and a beta of 0.97.

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

Insider Buying and Selling at WEX

In other news, CAO Jennifer Kimball sold 715 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was 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 $978,957.46. This represents a 10.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Carlos Carriedo sold 1,575 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total value of $251,842.50. Following the transaction, the chief operating officer directly owned 3,695 shares in the company, valued at $590,830.50. This trade represents a 29.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,375 shares of company stock worth $1,294,567 over the last three months. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WEX

A number of hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its holdings in WEX by 10.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 8,152 shares of the business services provider’s stock valued at $1,214,000 after purchasing an additional 776 shares during the last quarter. World Investment Advisors acquired a new position in WEX in the fourth quarter valued at approximately $328,000. Corient Private Wealth LLC lifted its holdings in WEX by 10.1% in the fourth quarter. Corient Private Wealth LLC now owns 9,348 shares of the business services provider’s stock valued at $1,393,000 after acquiring an additional 860 shares during the last quarter. Kera Capital Partners Inc. acquired a new position in shares of WEX in the 4th quarter valued at $275,000. Finally, Invesco Ltd. lifted its stake in shares of WEX by 14.1% in the 4th quarter. Invesco Ltd. now owns 85,418 shares of the business services provider’s stock valued at $12,726,000 after purchasing an additional 10,537 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

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.