Analysts Set WEX Inc. (NYSE:WEX) Price Target at $183.30

WEX Inc. (NYSE:WEX) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $183.30.

Several equities analysts have recently issued reports on WEX shares. Loop Capital initiated coverage on shares of WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 price objective on the stock. Evercore upgraded shares of WEX to an “outperform” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft cut their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Cantor Fitzgerald set a $178.00 price target on shares of WEX in a report on Monday, July 27th. Finally, Mizuho lifted their price objective on shares of WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th.

Insider Activity at WEX

In other news, insider Ann Elena Drew sold 3,400 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $176.02, for a total value of $598,468.00. Following the transaction, the insider directly owned 7,988 shares of the company’s stock, valued at approximately $1,406,047.76. This represents a 29.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer Kimball sold 1,183 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $176.55, for a total value of $208,858.65. Following the completion of the transaction, the chief accounting officer owned 4,916 shares of the company’s stock, valued at approximately $867,919.80. The trade was a 19.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,858 shares of company stock worth $1,662,835 in the last quarter. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On WEX

Several hedge funds and other institutional investors have recently bought and sold shares of WEX. Goldman Sachs Group Inc. lifted its stake in WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock valued at $55,097,000 after acquiring an additional 215,036 shares during the period. Empowered Funds LLC acquired a new stake in shares of WEX in the first quarter worth $394,000. American Century Companies Inc. increased its stake in shares of WEX by 1.9% in the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after acquiring an additional 60 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of WEX by 4,837.5% during the second quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock worth $58,000 after purchasing an additional 387 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of WEX during the second quarter worth $271,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX News Roundup

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Zacks Research raised multiple WEX earnings estimates. The firm increased its Q3 2026 EPS forecast to $4.83 from $4.52 and lifted FY2026 EPS to $17.03 from $16.45. It also raised FY2027 EPS to $17.93 from $17.08 and FY2028 EPS to $19.58 from $18.35, suggesting stronger anticipated earnings growth. WEX analyst estimates
• Positive Sentiment: Forecast increases extended into several future quarters. Zacks raised estimates for Q1 2027 EPS to $3.95 from $3.69, Q3 2027 EPS to $5.00 from $4.57, Q1 2028 EPS to $4.47 from $4.19, and Q2 2028 EPS to $4.82 from $4.62. These revisions reinforce a constructive long-term outlook for WEX’s profitability.
• Neutral Sentiment: One estimate was trimmed slightly. Q2 2027 EPS was reduced to $4.43 from $4.44, a negligible change that does not materially alter the broader positive revision trend.
• Neutral Sentiment: Valuation and momentum may be influencing trading. WEX has recently traded close to its 52-week high, while its price-to-earnings ratio is about 19. Investors may be taking profits or waiting for additional operating evidence even as earnings forecasts improve. The company’s latest quarter also showed solid execution, with revenue up 14.2% year over year and EPS exceeding expectations.
• Neutral Sentiment: An unrelated article should be disregarded. The report concerning Western Exploration Inc. also uses the ticker WEX, but it refers to a different Canadian company and has no bearing on WEX Inc.

WEX Stock Performance

Shares of WEX stock opened at $191.62 on Tuesday. WEX has a 12-month low of $125.29 and a 12-month high of $199.69. The business’s fifty day simple moving average is $158.88 and its 200-day simple moving average is $155.92. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The company has a market cap of $6.53 billion, a PE ratio of 19.09, a PEG ratio of 1.00 and a beta of 0.82.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The firm had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. During the same period in the previous year, the business earned $3.95 EPS. The firm’s revenue for the quarter 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. Analysts expect that WEX will post 17.11 earnings per share for the current fiscal year.

WEX declared that its Board of Directors has initiated a share buyback program on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.