WEX (NYSE:WEX) Research Coverage Started at Morgan Stanley

Morgan Stanley started coverage on shares of WEX (NYSE:WEX) in a report issued on Monday, Marketbeat reports. The firm issued an equal weight rating and a $144.00 price target on the business services provider’s stock.

Several other equities research analysts have also weighed in on WEX. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. UBS Group reduced their price objective on shares of WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Cantor Fitzgerald raised shares of WEX to a “hold” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. dropped their target price on shares of WEX from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $168.08.

WEX Stock Up 3.2%

WEX stock opened at $148.90 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.33. WEX has a 1 year low of $110.45 and a 1 year high of $187.44. The company has a fifty day simple moving average of $153.46 and a 200 day simple moving average of $158.23. The firm has a market cap of $5.11 billion, a PE ratio of 19.36, a PEG ratio of 1.07 and a beta of 0.98.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.21. WEX had a return on equity of 45.10% and a net margin of 10.81%.The company had revenue of $672.90 million for the quarter, compared to analyst estimates of $660.89 million. During the same period last year, the company earned $3.57 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. Sell-side analysts anticipate that WEX will post 14.09 EPS for the current fiscal year.

Insider Transactions at WEX

In other news, CAO Jennifer Kimball sold 494 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the transaction, the chief accounting officer owned 3,671 shares of the company’s stock, valued at approximately $555,789.40. This represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert Joseph Deshaies sold 1,506 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $149.62, for a total transaction of $225,327.72. Following the completion of the sale, the chief operating officer owned 15,699 shares of the company’s stock, valued at approximately $2,348,884.38. The trade was a 8.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Boston Partners bought a new position in WEX during the second quarter worth about $187,102,000. Turtle Creek Asset Management Inc. bought a new stake in shares of WEX in the 3rd quarter valued at approximately $93,289,000. Norges Bank acquired a new position in shares of WEX in the 2nd quarter worth approximately $42,812,000. Goldman Sachs Group Inc. lifted its position in shares of WEX by 158.3% during the 1st 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 period. Finally, M&T Bank Corp bought a new position in shares of WEX during the 4th quarter worth approximately $28,129,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX reported stronger-than-expected top-line results and an adjusted EPS beat for Q4: revenue was $672.9M (beat consensus) and the company reported an adjusted EPS figure that topped analyst estimates, with management calling out record revenue. BusinessWire: Q4 & FY 2025 Results
• Positive Sentiment: Management raised guidance: Q1 FY26 EPS guide of $3.80–$4.00 (roughly in line-to-above consensus) and FY26 EPS guide of $17.25–$17.85 (above the Street). Revenue guidance for both Q1 and FY is in a range that brackets consensus, showing management confidence in growth. (Guidance disclosed in the earnings release/press materials.) Slide Deck / Press Materials
• Positive Sentiment: Product/partnership momentum supports growth in fleet solutions — new fuel card capability that handles both EV charging and traditional fuels (and referenced Nuvei partnership commentary) reinforces WEX’s addressable market expansion for fleet customers. FleetOwner: EV + Fuel Card
• Neutral Sentiment: Morgan Stanley initiated coverage (coverage note published) — initiation can boost visibility and liquidity but impact depends on the thesis and rating details in the note. AmericanBankingNews: Morgan Stanley Initiates Coverage
• Negative Sentiment: Caution on cash flow and GAAP vs. adjusted metrics: one report highlights a sharp drop in operating cash flow (?-53.8% YoY) and rising total liabilities, and another data set shows materially different EPS figures depending on GAAP vs. adjusted measures — investors should confirm which EPS is being used when modeling. These items raise short-term liquidity and margin scrutiny despite revenue growth. QuiverQuant: Cash Flow & GAAP/Adjusted Notes

WEX Company Profile

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.