WEX Inc. (NYSE:WEX) Stock Has Average Price Target of $185.64

WEX Inc. (NYSE:WEX) has received an average rating of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $185.64.

A number of equities research analysts recently commented on the stock. Piper Sandler started coverage on shares of WEX in a report on Thursday, September 10th. They set a “neutral” rating and a $209.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of WEX in a research report on Thursday, September 24th. Keefe, Bruyette & Woods upped their price objective on shares of WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Cantor Fitzgerald set a $178.00 target price on WEX in a research note on Monday, July 27th. Finally, Morgan Stanley raised their price target on shares of WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st.

WEX Trading Down 0.6%

WEX stock opened at $171.50 on Wednesday. The company has a market capitalization of $5.85 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 0.89 and a beta of 0.84. The company’s 50 day moving average price is $188.84 and its two-hundred day moving average price is $164.26. WEX has a one year low of $125.29 and a one year high of $203.99. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04.

WEX (NYSE:WEX) last posted its quarterly 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. The business had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, analysts predict that WEX will post 17.15 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Ann Drew sold 3,400 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $176.02, for a total transaction of $598,468.00. Following the transaction, the insider owned 7,988 shares in the company, valued at $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 available at the SEC website. Also, COO Joel Dearborn, Jr. sold 3,343 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $200.00, for a total value of $668,600.00. Following the transaction, the chief operating officer directly owned 17,021 shares in the company, valued at $3,404,200. The trade was a 16.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 38,110 shares of company stock valued at $7,204,066 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On WEX

A number of institutional investors have recently bought and sold shares of WEX. Fifth Third Wealth Advisors LLC increased its stake in shares of WEX by 2.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,280 shares of the business services provider’s stock valued at $961,000 after purchasing an additional 124 shares in the last quarter. Arizona State Retirement System raised its stake in WEX by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 9,087 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 135 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of WEX by 2.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 6,979 shares of the business services provider’s stock worth $1,068,000 after buying an additional 167 shares in the last quarter. Global Retirement Partners LLC purchased a new position in WEX in the 2nd quarter worth approximately $26,000. Finally, State of Michigan Retirement System lifted its position in WEX by 2.5% during the first quarter. State of Michigan Retirement System now owns 8,275 shares of the business services provider’s stock worth $1,266,000 after buying an additional 200 shares in the last quarter. 97.47% of the stock is owned by institutional investors.

About WEX

WEX Inc (NYSE: WEX) is a financial technology company that provides payment solutions and software for businesses, government agencies and consumers. Its offerings are designed to help organizations manage spending, payments and related administrative processes across mobility, corporate payments and employee benefits.

In its mobility business, WEX provides fleet payment cards and fleet-management tools for commercial vehicles, including fuel, maintenance and transportation-related expenses.