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

WEX Inc. (NYSE:WEX) has been given an average rating of “Hold” by the sixteen analysts that are covering the firm, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $162.2727.

Several analysts have recently commented on WEX shares. 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. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Morgan Stanley set a $146.00 price objective on shares of WEX in a research report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Finally, Cantor Fitzgerald lifted their target price on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th.

WEX Stock Down 0.3%

Shares of NYSE:WEX opened at $159.82 on Friday. The business’s 50 day moving average is $157.27 and its 200 day moving average is $156.03. WEX has a 12-month low of $110.45 and a 12-month high of $180.71. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.24 and a beta of 0.97. 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 (NYSE:WEX) last released its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.21. WEX had a return on equity of 48.01% and a net margin of 11.43%.The business had revenue of $672.90 million during the quarter, compared to analyst estimates of $660.89 million. During the same period in the prior year, the firm posted $3.57 EPS. WEX’s quarterly revenue was up 5.7% compared to the same quarter last year. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. On average, sell-side analysts forecast that WEX will post 14.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Robert Joseph Deshaies sold 3,238 shares of WEX stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total transaction of $486,412.36. Following the sale, the chief operating officer directly owned 14,859 shares in the company, valued at approximately $2,232,118.98. This trade represents a 17.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total value of $74,791.60. Following the completion of the transaction, the chief accounting officer directly owned 3,671 shares in the company, valued at approximately $555,789.40. This represents a 11.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 8,154 shares of company stock valued at $1,256,518. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On WEX

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC purchased a new stake in WEX during the fourth quarter worth about $25,000. Quent Capital LLC bought a new stake in WEX in the third quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its stake 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 acquiring an additional 173 shares during the last quarter. Steph & Co. bought a new position in shares of WEX during the 3rd quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. grew its position in shares of WEX by 162.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 141 shares during the period. 97.47% of the stock is owned by hedge funds and other institutional investors.

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.