WEX (NYSE:WEX) Price Target Raised to $166.00

WEX (NYSE:WEX) had its target price raised by stock analysts at Cantor Fitzgerald from $158.00 to $166.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 1.62% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Morgan Stanley set a $146.00 price target on shares of WEX in a report on Friday. Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price on the stock in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. dropped their price target on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday. Mizuho dropped their target price on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a research report on Saturday. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $162.27.

WEX Stock Performance

Shares of WEX stock opened at $163.36 on Monday. WEX has a 52 week low of $110.45 and a 52 week high of $180.71. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86. The firm has a 50 day moving average of $153.66 and a 200-day moving average of $158.14. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98.

WEX (NYSE:WEX) last announced its quarterly earnings data 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 business had revenue of $672.90 million for the quarter, compared to analysts’ expectations of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $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 forecast that WEX will post 14.09 earnings per share for the current year.

Insider Transactions at WEX

In other news, Director Stephen Montgomery Smith purchased 1,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average cost of $144.25 per share, for a total transaction of $144,250.00. Following the purchase, the director directly owned 7,971 shares in the company, valued at $1,149,816.75. This trade represents a 14.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $151.40, for a total transaction of $74,791.60. Following the sale, the chief accounting officer owned 3,671 shares of the company’s stock, valued at $555,789.40. This trade represents a 11.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WEX. Boston Partners bought a new position in WEX during the 2nd quarter worth about $187,102,000. Turtle Creek Asset Management Inc. bought a new stake in WEX during the 3rd quarter valued at $93,289,000. Norges Bank bought a new position in shares of WEX in the 2nd quarter worth $42,812,000. Goldman Sachs Group Inc. raised its stake in shares of WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after acquiring an additional 215,036 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of WEX during the fourth quarter worth about $28,129,000. 97.47% of the stock is currently owned by 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.