WEX Inc. (NYSE:WEX) Receives $173.70 Consensus PT from Analysts

WEX Inc. (NYSE:WEX) has earned an average recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $173.70.

A number of analysts have recently weighed in on WEX shares. Weiss Ratings lowered shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a report on Friday, June 12th. Morgan Stanley increased their price target on shares of WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Loop Capital initiated coverage on shares of WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 price target on the stock.

WEX Stock Down 0.1%

NYSE:WEX opened at $137.92 on Monday. The firm has a market capitalization of $4.78 billion, a P/E ratio of 15.48, a PEG ratio of 0.85 and a beta of 0.85. WEX has a 1-year low of $125.29 and a 1-year high of $186.85. The company’s fifty day moving average price is $145.56 and its 200-day moving average price is $152.24. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05.

WEX (NYSE:WEX) last released its quarterly earnings data 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 firm had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, equities research analysts anticipate that WEX will post 16.77 EPS for the current year.

WEX announced that its Board of Directors has initiated a share buyback program on Thursday, May 14th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $4,002,600. This represents a 13.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Joseph Deshaies sold 1,200 shares of the 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 sale, the chief operating officer directly owned 22,288 shares in the company, valued at $3,228,193.92. This trade represents a 5.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 8,200 shares of company stock valued at $1,318,798. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On WEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEX. Goldman Sachs Group Inc. lifted its holdings in WEX by 158.3% during the first quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock valued at $55,097,000 after purchasing an additional 215,036 shares in the last quarter. Empowered Funds LLC purchased a new position in WEX during the first quarter valued at $394,000. American Century Companies Inc. lifted its holdings in WEX by 1.9% during the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in WEX by 4,837.5% during the second quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 387 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in WEX during the second quarter valued at $271,000. 97.47% of the stock is owned by hedge funds and other institutional investors.

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.