WEX (NYSE:WEX) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded WEX from "buy" to "hold"; the stock's consensus rating is now Hold with an average price target of $169.27 (four Buy vs. twelve Hold ratings among analysts).
• WEX beat Q1 estimates with EPS of $4.15 (vs. $3.92 expected) and revenue of $673.8M, and set FY2026 guidance of 18.95–19.55 EPS (Q2 guidance 4.93–5.13 EPS).
• There has been notable insider selling (15,479 shares worth about $2.45M in the past 90 days, including sales by the COO), while institutional investors hold roughly 97.47% of the stock.

WEX (NYSE:WEX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently commented on the company. Loop Capital started coverage on WEX in a research note on Monday. They issued a "buy" rating and a $195.00 price target on the stock. Robert W. Baird lifted their price target on WEX from $210.00 to $220.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Cantor Fitzgerald lifted their price target on WEX from $158.00 to $166.00 and gave the stock a "neutral" rating in a research note on Monday, February 9th. Mizuho decreased their price target on WEX from $180.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. decreased their price target on WEX from $175.00 to $155.00 and set a "neutral" rating on the stock in a research note on Friday, February 6th. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $169.27.

WEX Stock Performance

Shares of NYSE WEX opened at $151.08 on Friday. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 0.94 and a beta of 0.87. 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 1-year low of $120.03 and a 1-year high of $186.85. The stock's 50-day moving average is $158.54 and its 200 day moving average is $154.43.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $3.92 by $0.23. The company had revenue of $673.80 million for the quarter, compared to analysts' expectations of $660.96 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.WEX's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $3.51 EPS. 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, sell-side analysts anticipate that WEX will post 16.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Robert Joseph Deshaies sold 3,238 shares of WEX stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total value of $486,412.36. Following the sale, the chief operating officer directly owned 14,859 shares in the company, valued at approximately $2,232,118.98. This trade represents a 17.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Kimball sold 715 shares of WEX stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total value of $112,841.30. Following the completion of the sale, the chief accounting officer owned 6,203 shares in the company, valued at approximately $978,957.46. This represents a 10.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 15,479 shares of company stock worth $2,454,914. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WEX

Large investors have recently made changes to their positions in the business. Lightrock Netherlands B.V. grew its position in shares of WEX by 19.7% in the 3rd quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider's stock worth $6,900,000 after buying an additional 7,200 shares during the last quarter. Earnest Partners LLC grew its position 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 position 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 position 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. Finally, Snyder Capital Management L P grew its position 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 currently owned by institutional investors.

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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