WEX (NYSE:WEX) Price Target Raised to $166.00

WEX (NYSE:WEX) had its target price increased by Cantor Fitzgerald from $158.00 to $166.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

A number of other equities research analysts have also issued reports on WEX. Mizuho reduced their price target on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. UBS Group set a $165.00 target price on shares of WEX and gave the company a “neutral” rating in a report on Friday, February 6th. JPMorgan Chase & Co. lowered their price target on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Morgan Stanley set a $146.00 price objective on shares of WEX in a research report on Friday, February 6th. Finally, Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $162.27.

WEX Stock Performance

NYSE:WEX opened at $165.48 on Monday. The company has a fifty day simple moving average of $154.68 and a two-hundred day simple moving average of $158.04. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86. WEX has a 52 week low of $110.45 and a 52 week high of $180.71.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, February 4th. The business services provider reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $0.21. The business had revenue of $672.90 million for the quarter, compared to analyst estimates of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.57 earnings per share. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, equities analysts anticipate that WEX will post 14.09 earnings per share for the current fiscal year.

Insider Buying and Selling at WEX

In other WEX news, CAO Jennifer Kimball sold 494 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $151.40, for a total transaction of $74,791.60. Following the transaction, the chief accounting officer owned 3,671 shares of the company’s stock, valued at approximately $555,789.40. This trade represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Robert Joseph Deshaies sold 1,506 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $149.62, for a total value of $225,327.72. Following the completion of the sale, the chief operating officer directly owned 15,699 shares of the company’s stock, valued at approximately $2,348,884.38. This trade represents a 8.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

Institutional investors and hedge funds have recently bought and sold shares of the business. Lightrock Netherlands B.V. increased its stake in shares of WEX by 19.7% during the third quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock worth $6,900,000 after acquiring an additional 7,200 shares during the period. Norges Bank acquired a new position in WEX during the 2nd quarter worth approximately $42,812,000. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of WEX by 52.2% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 22,682 shares of the business services provider’s stock worth $3,573,000 after buying an additional 7,784 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of WEX during the 2nd quarter worth approximately $338,000. Finally, Federated Hermes Inc. lifted its holdings in shares of WEX by 6.6% in the 2nd quarter. Federated Hermes Inc. now owns 402,123 shares of the business services provider’s stock valued at $59,068,000 after buying an additional 25,047 shares during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Company Profile

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.