WEX (NYSE:WEX) Price Target Raised to $220.00 at Robert W. Baird

WEX (NYSE:WEX) had its price objective upped by Robert W. Baird from $210.00 to $220.00 in a research note published on Thursday, MarketBeat.com reports. They currently have an outperform rating on the business services provider’s stock.

Several other equities research analysts also recently commented on the company. UBS Group set a $165.00 target price on WEX and gave the stock a “neutral” rating in a report on Friday, February 6th. Morgan Stanley lifted their price target on WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Raymond James Financial reissued a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Finally, Mizuho reduced their price objective on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $166.70.

WEX Price Performance

Shares of NYSE WEX opened at $154.77 on Thursday. The company has a 50 day simple moving average of $159.06 and a two-hundred day simple moving average of $154.61. WEX has a fifty-two week low of $120.03 and a fifty-two week high of $186.85. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.36 and a beta of 0.93. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.05 and a current ratio of 1.05.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. The firm had revenue of $673.80 million for the quarter, compared to analysts’ expectations of $660.96 million. WEX had a return on equity of 44.23% and a net margin of 11.50%.The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.51 EPS. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Analysts expect that WEX will post 15.65 EPS for the current fiscal year.

Insider Transactions at WEX

In other news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $175.00, for a total transaction of $612,500.00. Following the transaction, the chief operating officer directly owned 22,872 shares of the company’s stock, valued at $4,002,600. This represents a 13.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Carlos Carriedo sold 1,575 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $159.90, for a total value of $251,842.50. Following the sale, the chief operating officer directly owned 3,695 shares in the company, valued at $590,830.50. This trade represents a 29.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 15,479 shares of company stock valued at $2,454,914. Insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

A number of large investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new position in WEX during the fourth quarter valued at approximately $25,000. Quent Capital LLC bought a new stake in WEX in the 3rd quarter worth approximately $28,000. First Horizon Corp grew its position in WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in WEX by 368.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings 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 buying an additional 141 shares during the period. 97.47% of the stock is currently owned by institutional investors.

Key WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Q1 results beat on revenue and reported EPS; management raised FY?2026 and Q2 guidance, signaling stronger forward earnings expectations. That supports upside versus prior street estimates. WEX Inc. Reports First Quarter 2026 Financial Results
• Positive Sentiment: Analysts and brokers reacted: Baird boosted its price target sharply (to $220) and other shops nudged targets higher — supportive for longer?term valuation. Baird price target raise (Benzinga)
• Neutral Sentiment: Management announced a $50M cost?savings plan and more shareholder outreach (shareholder letter + virtual fireside chat) as it outlines strategy to “amplify the core” and defend value. This could reassure investors if execution follows. WEX Issues Letter to Shareholders
• Neutral Sentiment: Earnings materials and the call transcript provide detail on product momentum (AI/embedded financial infrastructure) and the company’s roadmap — useful for investors evaluating execution vs. guidance. Earnings Call Transcript
• Negative Sentiment: Margin pressures and macro volatility were highlighted in coverage and the call — rising costs and mix issues offset revenue growth, which increases execution risk on the raised FY guide. Margin pressures deep dive (MSN)
• Negative Sentiment: Operating cash flow weakened materially and balance?sheet liabilities grew year?over?year, per third?party data — investors are concerned about cash conversion even as reported profit rose. Operating cash flow weakens (Quiver)
• Negative Sentiment: Shareholder activism and proxy contest risk escalated: a dissident slate backed by Glass Lewis and media coverage of the fight raise governance uncertainty and near?term dilution/strategic distraction concerns. WEX seeks to fend off activist (Mainebiz)
• Negative Sentiment: High insider selling activity and heavy intraday trading were flagged by data providers, which can amplify downward moves on news and raise questions about insider confidence. Insider selling & trading data (Quiver)
• Negative Sentiment: Real?time market coverage lists WEX among the biggest movers today as investors digest the mixed signals — beats and guidance vs. margin/cash?flow and activism — which magnified volatility. CNBC midday movers

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.