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

Key Points

• Analysts remain cautiously neutral on WEX: Eight of 14 analysts rate the stock “Hold” and six rate it “Buy,” with an average 12-month price target of $183.30.
• WEX beat quarterly expectations, reporting adjusted EPS of $5.35 versus the $5.08 consensus and revenue of $753.5 million, up 14.2% year over year. The company guided for third-quarter EPS of $5.45–$5.65 and fiscal-year EPS of $19.68–$20.08.
• The board authorized a $1 billion share-repurchase program, potentially covering up to 21.2% of outstanding shares, while institutional investors own 97.47% of the stock.

Shares of WEX Inc. (NYSE:WEX - Get Free Report) have received a consensus rating of "Hold" from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $183.30.

WEX has been the topic of several analyst reports. Robert W. Baird raised their price target on shares of WEX from $210.00 to $220.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of WEX from $180.00 to $160.00 and set a "hold" rating on the stock in a research note on Friday, June 12th. Keefe, Bruyette & Woods raised 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. Wall Street Zen cut shares of WEX from a "buy" rating to a "hold" rating in a research note on Sunday, May 24th. Finally, Weiss Ratings upgraded WEX from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday.

Insiders Place Their Bets

In related news, COO Robert Joseph Deshaies sold 1,000 shares of the company's stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $184.95, for a total value of $184,950.00. Following the completion of the transaction, the chief operating officer directly owned 19,288 shares in the company, valued at approximately $3,567,315.60. This represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James R. Groch bought 1,500 shares of WEX stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the transaction, the director directly owned 17,957 shares of the company's stock, valued at $2,566,953.15. This trade represents a 9.11% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 9,858 shares of company stock valued at $1,662,835. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WEX

Several hedge funds have recently modified their holdings of the stock. CWM LLC raised its position in shares of WEX by 377.9% in the 4th quarter. CWM LLC now owns 17,395 shares of the business services provider's stock worth $2,592,000 after buying an additional 13,755 shares during the period. M&T Bank Corp acquired a new stake in WEX during the fourth quarter worth about $28,129,000. Crossmark Global Holdings Inc. increased its stake in WEX by 47.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider's stock worth $4,351,000 after acquiring an additional 9,410 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of WEX by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider's stock worth $95,209,000 after purchasing an additional 6,971 shares during the period. Finally, CenterBook Partners LP lifted its stake in shares of WEX by 252.7% in the 4th quarter. CenterBook Partners LP now owns 70,834 shares of the business services provider's stock valued at $10,553,000 after purchasing an additional 50,752 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Stock Performance

WEX stock opened at $186.89 on Tuesday. 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 stock has a fifty day moving average of $155.25 and a two-hundred day moving average of $154.97. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.03 and a beta of 0.82. WEX has a fifty-two week low of $125.29 and a fifty-two week high of $192.37.

WEX (NYSE:WEX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.27. The business had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business's revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $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. On average, analysts anticipate that WEX will post 17.12 EPS for the current fiscal year.

WEX announced that its board has initiated a stock repurchase program 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 buy up to 21.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.

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