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

Shares of WEX Inc. (NYSE:WEX) have earned an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $173.70.

A number of equities research analysts have commented on WEX shares. Robert W. Baird increased their price objective on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Loop Capital started coverage on shares of WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 price objective on the stock. Raymond James Financial reissued a “market perform” rating on shares of WEX in a report on Friday, March 6th. Morgan Stanley increased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective 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.

WEX Trading Up 3.6%

Shares of WEX stock opened at $137.92 on Monday. The stock has a market capitalization of $4.78 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 0.82 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83. The company has a 50-day simple moving average of $145.56 and a 200 day simple moving average of $152.23. WEX has a 12-month low of $125.29 and a 12-month high of $186.85.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The business had revenue of $673.80 million during the quarter, compared to analysts’ expectations of $660.96 million. During the same quarter last year, the company posted $3.51 EPS. The firm’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. Research analysts expect that WEX will post 16.77 earnings per share for the current fiscal year.

WEX announced that its Board of Directors has approved a share repurchase 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 shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other WEX news, COO Robert Joseph Deshaies sold 1,200 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $144.84, for a total transaction of $173,808.00. Following the sale, the chief operating officer owned 22,288 shares of the company’s stock, valued at $3,228,193.92. This represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the chief operating officer directly owned 22,872 shares in the company, valued at $4,002,600. This trade represents a 13.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,200 shares of company stock valued at $1,318,798 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Earnest Partners LLC boosted its stake in shares of WEX by 1.1% in the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock valued at $143,006,000 after purchasing an additional 10,027 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of WEX by 1,289.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider’s stock valued at $3,119,000 after purchasing an additional 18,372 shares during the last quarter. Citigroup Inc. boosted its stake in shares of WEX by 103.8% in the 3rd quarter. Citigroup Inc. now owns 24,088 shares of the business services provider’s stock valued at $3,795,000 after purchasing an additional 12,266 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of WEX by 289.4% in the 3rd quarter. Intech Investment Management LLC now owns 14,066 shares of the business services provider’s stock valued at $2,216,000 after purchasing an additional 10,454 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of WEX by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock valued at $513,903,000 after purchasing an additional 12,099 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

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.