Wall Street Zen Upgrades WEX (NYSE:WEX) to “Buy”

WEX (NYSE:WEX) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods raised their price target on shares of WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Cantor Fitzgerald set a $178.00 target price on shares of WEX in a report on Monday, July 27th. Evercore raised WEX to an “outperform” rating in a report on Tuesday, July 21st. Mizuho increased their target price on shares of WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $187.00.

WEX Stock Performance

NYSE:WEX opened at $184.69 on Friday. The firm’s fifty day moving average price is $186.09 and its 200 day moving average price is $164.54. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 0.94 and a beta of 0.93. WEX has a 1-year low of $125.29 and a 1-year high of $203.99. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.03 and a quick ratio of 1.03.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, October 28th. The business services provider reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $0.45. WEX had a net margin of 14.05% and a return on equity of 45.74%. The company had revenue of $780.10 million during the quarter, compared to analysts’ expectations of $749.74 million. During the same period in the previous year, the company earned $4.59 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts expect that WEX will post 17.32 EPS for the current year.

Insider Buying and Selling at WEX

In other news, COO Joel Dearborn, Jr. sold 3,343 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $200.00, for a total value of $668,600.00. Following the sale, the chief operating officer directly owned 17,021 shares of the company’s stock, valued at approximately $3,404,200. This represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Carlos Carriedo sold 1,075 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total transaction of $199,950.00. Following the transaction, the chief operating officer owned 11,076 shares in the company, valued at approximately $2,060,136. This trade represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,527 shares of company stock worth $6,558,910 in the last ninety days. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Jupiter Topco LLC acquired a new position in shares of WEX during the 2nd quarter worth approximately $559,710,000. Janus Henderson Group PLC lifted its position in shares of WEX by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock worth $599,313,000 after buying an additional 44,031 shares during the last quarter. BlackRock Inc. acquired a new position in WEX in the 2nd quarter valued at $446,833,000. Bank of America Corp DE grew its holdings in shares of WEX by 13.6% in the 1st quarter. Bank of America Corp DE now owns 823,681 shares of the business services provider’s stock worth $126,056,000 after acquiring an additional 98,524 shares during the period. Finally, Turtle Creek Asset Management Inc. boosted its stake in shares of WEX by 58.5% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 669,335 shares of the business services provider’s stock worth $102,435,000 after purchasing an additional 246,923 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

WEX News Summary

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Q3 results exceeded expectations. WEX reported adjusted earnings of $6.13 per share versus the $5.67-$5.68 consensus estimate, while revenue reached $780.1 million, well above forecasts near $749.7 million. Revenue increased 12.8% year over year, supported by strong sales, margin expansion and new business wins. WEX Inc. Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its outlook. Full-year 2026 EPS guidance of $19.68-$20.08 is above the $19.59 analyst consensus, and revenue guidance of approximately $3.0 billion exceeds the $2.9 billion estimate. Fourth-quarter EPS guidance of $5.67-$5.87 and revenue guidance of $760 million-$780 million also came in substantially ahead of consensus. WEX Inc. Raises Revenue Guidance for Full Year 2026
• Positive Sentiment: AI and shareholder returns add to the investment case. WEX is deploying artificial intelligence across its products, including a partnership with Euclid AI to develop trucking-focused AI agents. The company also said it returned most of its adjusted free cash flow through share repurchases. WEX and Euclid AI Team Up to Bring AI Agents Built for Trucking to OTR Fleets
• Neutral Sentiment: Analyst sentiment has improved, with Morgan Stanley increasing its price target following the earnings update. Broader payment-industry trends—including cross-border transactions and resilient consumer spending—remain supportive for WEX and its peers. WEX Stock Gets Price Target Increase from Morgan Stanley
• Negative Sentiment: Investors still face risks from inflation and rising technology costs, while some of the quarterly upside appears linked to fuel-price trends. These factors could pressure margins or make results more volatile if operating costs rise or fuel-related benefits reverse. 5 Financial Transaction Stocks to Watch Amid Cost and Inflation Pressure

WEX Company Profile

WEX Inc (NYSE:WEX) is a financial technology company that provides payment-processing and business-management solutions. Its products are designed to help organizations manage corporate spending, employee benefits and mobility-related expenses through specialized payment accounts, software and data tools.

WEX’s mobility business serves commercial vehicle fleets with fuel cards, fleet-payment programs, expense controls, telematics integrations and related solutions. The company also supports emerging mobility needs, including electric-vehicle charging payments.