WEX Inc. (NYSE:WEX) Receives Consensus Recommendation of “Hold” from Analysts

WEX Inc. (NYSE:WEX) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $169.2727.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. UBS Group set a $165.00 price target on shares of WEX and gave the stock a “neutral” rating in a report on Friday, February 6th. Loop Capital assumed coverage on shares of WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 price target on the stock. Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Mizuho cut their price target on shares of WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 6th.

WEX Price Performance

Shares of NYSE:WEX opened at $141.38 on Friday. The firm has a market cap of $4.90 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.89 and a beta of 0.87. The firm’s fifty day moving average is $158.07 and its 200-day moving average is $154.39. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. WEX has a 52 week low of $126.63 and a 52 week high of $186.85.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. The company had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. WEX’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.51 earnings per share. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Sell-side analysts predict that WEX will post 16.34 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Jennifer Kimball sold 715 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total value of $112,841.30. Following the transaction, the chief accounting officer owned 6,203 shares in the company, valued at $978,957.46. The trade was a 10.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert Joseph Deshaies sold 3,238 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $150.22, for a total transaction of $486,412.36. Following the completion of the transaction, the chief operating officer owned 14,859 shares in the company, valued at approximately $2,232,118.98. The trade was a 17.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,479 shares of company stock valued at $2,454,914 over the last quarter. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On WEX

Several hedge funds and other institutional investors have recently bought and sold shares of WEX. Los Angeles Capital Management LLC acquired a new position in WEX in the fourth quarter valued at $25,000. Quent Capital LLC acquired a new position in WEX in the third quarter valued at $28,000. First Horizon Corp lifted its holdings in WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after buying an additional 94 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in WEX by 368.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in WEX by 162.1% in the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after buying an additional 141 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

About WEX

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.