WEX Inc. (NYSE:WEX) Stock Has Average Price Target of $185.64

by · The Markets Daily

WEX Inc. (NYSE:WEX – Get Free Report) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $185.64.

A number of research analysts have recently issued reports on the company. Evercore raised WEX to an “outperform” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of WEX in a research note on Thursday, September 24th. Cantor Fitzgerald set a $178.00 target price on shares of WEX in a report on Monday, July 27th. Finally, Mizuho increased their price target on shares of WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, July 24th.

View Our Latest Stock Report on WEX

WEX Stock Performance

Shares of WEX stock opened at $169.09 on Wednesday. The firm’s fifty day simple moving average is $189.20 and its 200-day simple moving average is $163.92. WEX has a 12 month low of $125.29 and a 12 month high of $203.99. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 0.87 and a beta of 0.84. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04.

WEX (NYSE:WEX – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. The firm had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, equities analysts forecast that WEX will post 17.15 earnings per share for the current year.

Insider Activity at WEX

In related news, COO Joel Alan Dearborn, Jr. sold 3,343 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $200.00, for a total transaction of $668,600.00. Following the transaction, the chief operating officer owned 17,021 shares of the company’s stock, valued at $3,404,200. This represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ann Drew sold 3,400 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $176.02, for a total value of $598,468.00. Following the completion of the transaction, the insider owned 7,988 shares of the company’s stock, valued at $1,406,047.76. The trade was a 29.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,110 shares of company stock worth $7,500,866 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WEX

A number of institutional investors and hedge funds have recently made changes to their positions in WEX. Global Retirement Partners LLC purchased a new stake in WEX during the second quarter worth $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of WEX in the second quarter valued at $41,000. Root Financial Partners LLC raised its stake in shares of WEX by 255.0% during the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after buying an additional 255 shares during the last quarter. IFP Advisors Inc raised its stake in shares of WEX by 225.4% during the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after buying an additional 257 shares during the last quarter. Finally, Cache Advisors LLC purchased a new stake in shares of WEX in the 1st quarter worth about $60,000. 97.47% of the stock is owned by institutional investors and hedge funds.

About WEX

(Get Free Report)

WEX Inc (NYSE: WEX) is a financial technology company that provides payment solutions and software for businesses, government agencies and consumers. Its offerings are designed to help organizations manage spending, payments and related administrative processes across mobility, corporate payments and employee benefits.

In its mobility business, WEX provides fleet payment cards and fleet-management tools for commercial vehicles, including fuel, maintenance and transportation-related expenses.

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