WEX (NYSE:WEX) Stock Rating Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of WEX (NYSE:WEX) from a hold rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.

A number of other research analysts have also commented on WEX. Keefe, Bruyette & Woods upped their price objective on shares of WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Piper Sandler initiated coverage on shares of WEX in a report on Thursday, September 10th. They set a “neutral” rating and a $209.00 price objective for the company. Mizuho lifted their target price on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Cantor Fitzgerald set a $178.00 target price on shares of WEX in a research note on Monday, July 27th. Finally, Evercore raised shares of WEX to an “outperform” rating in a research report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $187.00.

WEX Price Performance

Shares of NYSE:WEX opened at $184.69 on Friday. The stock has a market capitalization of $6.29 billion, a P/E ratio of 15.89, a P/E/G ratio of 0.94 and a beta of 0.84. The business has a 50-day moving average of $186.09 and a two-hundred day moving average of $164.54. WEX has a fifty-two week low of $125.29 and a fifty-two week high of $203.99. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.03 and a quick ratio of 1.04.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, October 28th. The business services provider reported $6.13 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $0.45. WEX had a return on equity of 45.74% and a net margin of 14.05%. The business had revenue of $780.10 million for the quarter, compared to analyst estimates of $749.74 million. During the same quarter in the prior year, the firm posted $4.59 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities research analysts predict that WEX will post 17.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Joel Dearborn, Jr. sold 3,343 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $200.00, for a total value of $668,600.00. Following the completion of the sale, the chief operating officer directly owned 17,021 shares in the company, valued at approximately $3,404,200. This trade represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Deshaies sold 2,000 shares of WEX stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $173.56, for a total value of $347,120.00. Following the completion of the transaction, the chief operating officer directly owned 17,288 shares of the company’s stock, valued at $3,000,505.28. This represents a 10.37% 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 a total of 34,527 shares of company stock worth $6,558,910 in the last three months. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On WEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEX. Root Financial Partners LLC acquired a new stake in shares of WEX in the third quarter valued at approximately $25,000. Global Retirement Partners LLC bought a new position in shares of WEX during the 2nd quarter worth approximately $26,000. Covestor Ltd increased its holdings in shares of WEX by 97.8% during the 3rd quarter. Covestor Ltd now owns 267 shares of the business services provider’s stock worth $45,000 after acquiring an additional 132 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new position in shares of WEX during the 3rd quarter worth approximately $47,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of WEX during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

More WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Q3 results exceeded expectations. WEX reported adjusted earnings of $6.13 per share versus the $5.67-$5.68 consensus estimate, while revenue reached $780.1 million, well above forecasts near $749.7 million. Revenue increased 12.8% year over year, supported by strong sales, margin expansion and new business wins. WEX Inc. Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its outlook. Full-year 2026 EPS guidance of $19.68-$20.08 is above the $19.59 analyst consensus, and revenue guidance of approximately $3.0 billion exceeds the $2.9 billion estimate. Fourth-quarter EPS guidance of $5.67-$5.87 and revenue guidance of $760 million-$780 million also came in substantially ahead of consensus. WEX Inc. Raises Revenue Guidance for Full Year 2026
• Positive Sentiment: AI and shareholder returns add to the investment case. WEX is deploying artificial intelligence across its products, including a partnership with Euclid AI to develop trucking-focused AI agents. The company also said it returned most of its adjusted free cash flow through share repurchases. WEX and Euclid AI Team Up to Bring AI Agents Built for Trucking to OTR Fleets
• Neutral Sentiment: Analyst sentiment has improved, with Morgan Stanley increasing its price target following the earnings update. Broader payment-industry trends—including cross-border transactions and resilient consumer spending—remain supportive for WEX and its peers. WEX Stock Gets Price Target Increase from Morgan Stanley
• Negative Sentiment: Investors still face risks from inflation and rising technology costs, while some of the quarterly upside appears linked to fuel-price trends. These factors could pressure margins or make results more volatile if operating costs rise or fuel-related benefits reverse. 5 Financial Transaction Stocks to Watch Amid Cost and Inflation Pressure

WEX Company Profile

WEX Inc (NYSE:WEX) is a financial technology company that provides payment-processing and business-management solutions. Its products are designed to help organizations manage corporate spending, employee benefits and mobility-related expenses through specialized payment accounts, software and data tools.

WEX’s mobility business serves commercial vehicle fleets with fuel cards, fleet-payment programs, expense controls, telematics integrations and related solutions. The company also supports emerging mobility needs, including electric-vehicle charging payments.