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

WEX (NYSE:WEX) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

WEX has been the topic of a number of other reports. JPMorgan Chase & Co. decreased their price objective on shares of WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Robert W. Baird increased their price target on WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. William Blair reissued a “market perform” rating on shares of WEX in a research note on Friday, July 25th. Zacks Research downgraded WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Barclays increased their target price on WEX from $135.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $172.92.

WEX Stock Up 0.4%

Shares of WEX opened at $145.45 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.99. The business has a fifty day moving average of $159.62 and a 200 day moving average of $153.08. The company has a market cap of $4.99 billion, a PE ratio of 18.91, a P/E/G ratio of 1.34 and a beta of 1.24. WEX has a 52-week low of $110.45 and a 52-week high of $191.43.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.14. The business had revenue of $691.70 million for the quarter, compared to the consensus estimate of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.36%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.35 earnings per share. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. On average, sell-side analysts expect that WEX will post 14.09 EPS for the current year.

Hedge Funds Weigh In On WEX

Institutional investors have recently made changes to their positions in the company. CenterBook Partners LP purchased a new stake in WEX in the third quarter worth about $3,164,000. Syon Capital LLC lifted its position in shares of WEX by 8.5% in the 3rd quarter. Syon Capital LLC now owns 2,383 shares of the business services provider’s stock worth $375,000 after purchasing an additional 187 shares during the period. Vanguard Group Inc. boosted its stake in shares of WEX by 0.4% during the third 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 in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of WEX by 6.0% during the third quarter. PNC Financial Services Group Inc. now owns 11,905 shares of the business services provider’s stock valued at $1,875,000 after purchasing an additional 669 shares in the last quarter. Finally, New South Capital Management Inc. increased its holdings in WEX by 1.6% during the third quarter. New South Capital Management Inc. now owns 36,865 shares of the business services provider’s stock valued at $5,807,000 after buying an additional 579 shares during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

About WEX

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.