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

WEX Inc. (NYSE:WEX) has been given a consensus recommendation of “Hold” by the fifteen ratings firms that are covering the company, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $173.70.

WEX has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Evercore upgraded shares of WEX to an “outperform” rating in a report on Tuesday. Loop Capital assumed coverage on shares of WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th.

WEX Price Performance

Shares of NYSE WEX opened at $173.01 on Friday. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 0.96 and a beta of 0.85. The stock’s 50-day moving average is $145.69 and its two-hundred day moving average is $152.58. WEX has a 1-year low of $125.29 and a 1-year high of $186.85.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 44.40% and a net margin of 12.56%.The business had revenue of $753.50 million during the quarter, compared to analysts’ expectations of $740.72 million. During the same quarter last year, the business posted $3.95 EPS. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Analysts forecast that WEX will post 16.81 EPS for the current fiscal year.

WEX announced that its Board of Directors has initiated a share buyback program on Thursday, May 14th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Trending Headlines about WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX posted Q2 adjusted EPS of $5.35, above estimates, and revenue of $753.5 million, also ahead of forecasts, showing stronger-than-expected profitability and sales. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised full-year 2026 guidance, now expecting adjusted EPS of $19.68-$20.08 and revenue of about $2.9 billion, signaling management confidence that momentum can continue. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management highlighted continued momentum in its strategic shift toward B2B payments, which investors appear to view as a longer-term growth driver beyond the travel/fleet business. Forget Travel, WEX’s Next Act Is B2B Payments
• Neutral Sentiment: Some commentary noted that part of the revenue growth was helped by higher fuel prices and foreign exchange, so the headline growth was stronger than the underlying business growth alone. Forget Travel, WEX’s Next Act Is B2B Payments
• Neutral Sentiment: There was also notable insider selling over the past six months, which may temper enthusiasm even after the strong earnings report. Why WEX Inc. (WEX) Stock Is Up Today

Insider Activity

In other news, COO Robert Joseph Deshaies sold 2,000 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $148.40, for a total value of $296,800.00. Following the transaction, the chief operating officer owned 20,288 shares in the company, valued at approximately $3,010,739.20. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch bought 1,500 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the transaction, the director directly owned 17,957 shares in the company, valued at approximately $2,566,953.15. This represents a 9.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

Institutional investors have recently modified their holdings of the stock. CWM LLC boosted its stake in WEX by 377.9% in the fourth quarter. CWM LLC now owns 17,395 shares of the business services provider’s stock valued at $2,592,000 after acquiring an additional 13,755 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of WEX during the fourth quarter worth about $28,129,000. Crossmark Global Holdings Inc. lifted its holdings in shares of WEX by 47.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider’s stock valued at $4,351,000 after purchasing an additional 9,410 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of WEX by 2,115.6% in the 4th quarter. SG Americas Securities LLC now owns 14,667 shares of the business services provider’s stock valued at $2,185,000 after purchasing an additional 14,005 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of WEX by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider’s stock valued at $95,209,000 after purchasing an additional 6,971 shares during the period. Hedge funds and other institutional investors 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.