WEX Inc. (NYSE:WEX) Receives $183.30 Consensus Target Price from Brokerages

WEX Inc. (NYSE:WEX) has received an average recommendation of “Hold” from the fifteen analysts that are covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $185.6364.

WEX has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Piper Sandler began coverage on shares of WEX in a research note on Thursday. They set a “neutral” rating and a $209.00 target price for the company. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Finally, Cantor Fitzgerald set a $178.00 target price on shares of WEX in a research report on Monday, July 27th.

Insider Buying and Selling

In other WEX news, COO Carlos Carriedo sold 1,075 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $186.00, for a total transaction of $199,950.00. Following the completion of the sale, the chief operating officer owned 11,076 shares in the company, valued at $2,060,136. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Melissa Smith sold 28,109 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $190.09, for a total value of $5,343,239.81. Following the sale, the chief executive officer directly owned 126,625 shares in the company, valued at approximately $24,070,146.25. The trade was a 18.17% 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. Insiders have sold a total of 36,767 shares of company stock valued at $6,832,266 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of WEX by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after purchasing an additional 60 shares in the last quarter. Eukles Asset Management boosted its stake in WEX by 2.8% in the 4th quarter. Eukles Asset Management now owns 3,429 shares of the business services provider’s stock worth $511,000 after purchasing an additional 95 shares in the last quarter. Nicolet Advisory Services LLC boosted its stake in WEX by 8.1% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock worth $214,000 after purchasing an additional 102 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in WEX by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,095 shares of the business services provider’s stock worth $1,748,000 after purchasing an additional 104 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in WEX by 2.0% during 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. Institutional investors own 97.47% of the company’s stock.

WEX Trading Up 0.6%

Shares of NYSE:WEX opened at $191.22 on Friday. The stock’s 50-day simple moving average is $181.89 and its two-hundred day simple moving average is $161.22. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 0.99 and a beta of 0.83. WEX has a 52-week low of $125.29 and a 52-week 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 released its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.27. The company had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.95 EPS. 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 EPS for the current year.

About WEX

WEX Inc (NYSE: WEX) is a global financial technology company that provides payment and expense-management solutions for businesses. Its offerings help organizations manage vehicle-related spending, corporate payments, travel expenses, and employee benefits through specialized payment products and digital platforms.

WEX’s mobility business provides fleet payment cards, fuel and maintenance expense management, telematics-related tools, and other services for commercial fleets, trucking companies, government agencies, and transportation businesses.