WEX (NYSE:WEX) Price Target Raised to $172.00

WEX (NYSE:WEX) had its price target raised by Morgan Stanley from $161.00 to $172.00 in a research note released on Tuesday, Marketbeat Ratings reports. They currently have an equal weight rating on the business services provider’s stock.

WEX has been the subject of a number of other reports. Robert W. Baird raised their target price on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Evercore upgraded WEX to an “outperform” rating in a research note on Tuesday. Cantor Fitzgerald decreased their price objective on WEX from $173.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Finally, Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $173.70.

WEX Stock Performance

NYSE WEX opened at $173.01 on Tuesday. WEX has a 52-week low of $125.29 and a 52-week high of $186.85. The company has a 50-day simple moving average of $145.69 and a 200 day simple moving average of $152.58. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $6.00 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 0.96 and a beta of 0.85.

WEX (NYSE:WEX) last released its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 44.40%. The firm had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. During the same period in the previous year, the company earned $3.95 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, research analysts predict that WEX will post 16.81 EPS for the current year.

WEX announced that its board has initiated a share repurchase plan on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 21.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Transactions at WEX

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

Institutional Trading of WEX

A number of hedge funds and other institutional investors have recently bought and sold shares of WEX. Los Angeles Capital Management LLC bought a new position in shares of WEX in the fourth quarter worth $25,000. First Horizon Corp boosted its stake in WEX by 65.7% during 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 grew its position in WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after buying an additional 173 shares in the last quarter. Root Financial Partners LLC grew its position in WEX by 255.0% during the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after buying an additional 255 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in WEX by 225.4% in the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after acquiring an additional 257 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Key WEX News

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

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.