WEX Inc. (NYSE:WEX) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analyst sentiment is cautious: WEX has a consensus rating of "Hold" from 14 analysts, with 10 holds and 4 buys. The average 12-month price target is $172.70.
• Recent earnings were stronger than expected: WEX reported quarterly EPS of $4.15, topping estimates, while revenue came in at $673.8 million and rose 5.8% year over year. The company also raised guidance for FY 2026 and Q2 2026.
• The company announced a major buyback: WEX authorized a $1 billion share repurchase program, which could allow it to buy back up to 21.2% of outstanding shares. This suggests management may view the stock as undervalued.

Shares of WEX Inc. (NYSE:WEX - Get Free Report) have received an average recommendation of "Hold" from the fourteen analysts that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $172.70.

Several brokerages recently commented on WEX. Wall Street Zen downgraded shares of WEX from a "buy" rating to a "hold" rating in a research note on Sunday. Cantor Fitzgerald lifted their target price on shares of WEX from $158.00 to $166.00 and gave the stock a "neutral" rating in a research note on Monday, February 9th. Loop Capital initiated coverage on shares of WEX in a research note on Monday, April 27th. They issued a "buy" rating and a $195.00 target price on the stock. Weiss Ratings restated a "hold (c)" rating on shares of WEX in a report on Monday, April 20th. Finally, UBS Group set a $165.00 price target on WEX and gave the company a "neutral" rating in a report on Friday, February 6th.

Insider Activity at WEX

In related news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the business's stock in a transaction dated 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 owned 22,872 shares in the company, valued at $4,002,600. The trade was a 13.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch acquired 1,500 shares of WEX stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the transaction, the director owned 17,957 shares in the company, valued at approximately $2,566,953.15. This trade represents a 9.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 7,819 shares of company stock worth $1,273,188 in the last 90 days. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Earnest Partners LLC grew its stake in shares of WEX by 1.1% in the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider's stock worth $143,006,000 after buying an additional 10,027 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of WEX by 1,289.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider's stock worth $3,119,000 after buying an additional 18,372 shares during the last quarter. Citigroup Inc. grew its stake in shares of WEX by 103.8% in the 3rd quarter. Citigroup Inc. now owns 24,088 shares of the business services provider's stock worth $3,795,000 after buying an additional 12,266 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of WEX by 289.4% in the 3rd quarter. Intech Investment Management LLC now owns 14,066 shares of the business services provider's stock worth $2,216,000 after buying an additional 10,454 shares during the last quarter. Finally, Snyder Capital Management L P grew its stake in shares of WEX by 13.6% in the 3rd quarter. Snyder Capital Management L P now owns 175,427 shares of the business services provider's stock worth $27,635,000 after buying an additional 21,028 shares during the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

WEX Stock Down 3.4%

WEX opened at $143.04 on Thursday. The company has a market cap of $4.96 billion, a P/E ratio of 16.05, a P/E/G ratio of 0.92 and a beta of 0.87. The business's 50-day moving average price is $153.44 and its 200-day moving average price is $153.34. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. WEX has a 12 month low of $128.91 and a 12 month high of $186.85.

WEX (NYSE:WEX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The company had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. During the same period in the previous year, the firm earned $3.51 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, equities analysts expect that WEX will post 16.48 EPS for the current year.

WEX declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

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.

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