WEX Inc. (NYSE:WEX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of WEX Inc. (NYSE:WEX) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $183.30.

Several research firms have weighed in on WEX. Robert W. Baird raised their price objective on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Keefe, Bruyette & Woods upped their target price on shares of WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. 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 report on Tuesday, July 21st. Evercore upgraded shares of WEX to an “outperform” rating in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a report on Friday, June 12th.

WEX Price Performance

WEX stock opened at $188.83 on Tuesday. The business’s fifty day moving average is $159.70 and its two-hundred day moving average is $156.12. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $6.44 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.00 and a beta of 0.82. WEX has a 52 week low of $125.29 and a 52 week high of $199.69.

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, beating analysts’ consensus estimates 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 return on equity of 43.19% and a net margin of 12.56%.The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company 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. Equities research analysts forecast that WEX will post 17.11 earnings per share for the current fiscal year.

WEX announced that its board has authorized a share repurchase program on Thursday, May 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at WEX

In related news, COO Robert Joseph Deshaies sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $148.40, for a total value of $296,800.00. Following the transaction, the chief operating officer owned 20,288 shares in the company, valued at $3,010,739.20. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ann Elena Drew sold 3,400 shares of WEX 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 completion of the sale, the insider owned 7,988 shares of the company’s stock, valued at approximately $1,406,047.76. The trade was a 29.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 9,858 shares of company stock worth $1,662,835. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WEX. Goldman Sachs Group Inc. raised its stake in shares of WEX by 158.3% during the first quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after buying an additional 215,036 shares during the last quarter. Empowered Funds LLC bought a new position in WEX in the first quarter valued at approximately $394,000. American Century Companies Inc. grew its holdings in WEX by 1.9% during the 2nd 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 grew its holdings in WEX by 4,837.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock worth $58,000 after acquiring an additional 387 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in shares of WEX during the 2nd quarter valued at $271,000. Institutional investors own 97.47% of the company’s stock.

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.