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T   16.61 (-0.89%)
F   10.69 (+1.04%)
MU   74.10 (-2.41%)
CGC   0.72 (+16.86%)
GE   121.62 (-0.72%)
DIS   92.14 (-0.48%)
AMC   7.26 (+5.83%)
PFE   29.41 (+1.73%)
PYPL   59.91 (+0.44%)
XOM   102.45 (-0.52%)

WEX Stock Price, News & Analysis (NYSE:WEX)

$181.36
-0.51 (-0.28%)
(As of 02:17 PM ET)
Compare
Today's Range
$180.28
▼
$183.98
50-Day Range
$163.32
▼
$198.81
52-Week Range
$157.04
▼
$204.05
Volume
116,734 shs
Average Volume
305,071 shs
Market Capitalization
$7.75 billion
P/E Ratio
29.25
Dividend Yield
N/A
Price Target
$219.54
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

WEX MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
21.3% Upside
$219.54 Price Target
Short Interest
Healthy
1.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.09
Upright™ Environmental Score
News Sentiment
0.07mentions of WEX in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$418,134 Sold Last Quarter
Proj. Earnings Growth
12.54%
From $12.68 to $14.27 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Business Services Sector

20th out of 311 stocks

Business Services, Not Elsewhere Classified Industry

6th out of 86 stocks

See Top Rated MarketRank™ Stocks Here

WEX stock logo

About WEX Stock (NYSE:WEX)

WEX Inc. operates a commerce platform in the United States and internationally. The Fleet Solutions segment offers fleet vehicle payment solutions, transaction processing, and information management services. It also provides account and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to businesses and government agencies with fleets of commercial vehicles; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no physical card is presented. This segment markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals, as well as businesses and financial institutions. The Health and Employee Benefit Solutions segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions. Its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits; COBRA accounts; and benefit enrollment and administration services. This segment also provides custodial and depository services for health savings accounts; and payroll-related benefits. This segment markets its products through third-party administrators, financial institutions, payroll providers, and health plans. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is based in Portland, Maine.

WEX Stock Price History

WEX Stock News Headlines

November 30, 2023 | finance.yahoo.com
Why Wex (WEX) is a Top Growth Stock for the Long-Term
November 28, 2023 | finance.yahoo.com
WEX to Present at the Raymond James TMT and Consumer Conference
December 4, 2023 | Edge On The Street (Ad)
Is This The Most Overlooked Gold Investment Strategy of 2024?
There is little debate on the potential of gold in the next year and decade. The real issue becomes - what's the best gold investment strategy today? Some investors are opting for a unique "royalty" alternative that outshines other options like holding gold bullion or investing in volatile mining stocks.
November 25, 2023 | msn.com
Photography graduate gains special recognition for competition success
November 23, 2023 | finance.yahoo.com
Insider Sell Alert: Director Jack Vanwoerkom Sells 2,000 Shares of WEX Inc
November 22, 2023 | msn.com
£200 off this Manfrotto tripod and head? This is an offer I won't be missing out on!
November 15, 2023 | msn.com
Photography is helping people in Bristol through mental health lows
November 15, 2023 | finance.yahoo.com
WEX to Present at the UBS Global Technology Conference
December 4, 2023 | Edge On The Street (Ad)
Is This The Most Overlooked Gold Investment Strategy of 2024?
There is little debate on the potential of gold in the next year and decade. The real issue becomes - what's the best gold investment strategy today? Some investors are opting for a unique "royalty" alternative that outshines other options like holding gold bullion or investing in volatile mining stocks.
November 10, 2023 | theglobeandmail.com
Closing Bell: Western Exploration Inc down on Thursday (WEX)
November 9, 2023 | msn.com
GlareOne photo lights could be Godox rivals - and now they're available in the UK
November 7, 2023 | seekingalpha.com
WEX: Continues To Succeed In Key Markets
November 6, 2023 | markets.businessinsider.com
WEX unveils simple reporting for Australian businesses, revolutionising fuel expense management
November 3, 2023 | finance.yahoo.com
Here's Why Wex (WEX) is a Strong Growth Stock
November 3, 2023 | finance.yahoo.com
Insider Buying: Director Stephen Smith Acquires 1,000 Shares of WEX Inc
November 2, 2023 | finance.yahoo.com
WEX Completes Acquisition of Payzer
November 1, 2023 | morningstar.com
WEX Inc WEX
October 31, 2023 | msn.com
Mizuho Maintains WEX (WEX) Buy Recommendation
October 31, 2023 | markets.businessinsider.com
WEX Motorpass is empowering Australian businesses amidst rising fuel prices
October 30, 2023 | finance.yahoo.com
Down -13.17% in 4 Weeks, Here's Why You Should You Buy the Dip in Wex (WEX)
October 30, 2023 | finance.yahoo.com
WEX Stock Barely Moves Despite Q3 Earnings and Revenue Beat
October 30, 2023 | gurufocus.com
The WEX Inc (WEX) Company: A Short SWOT Analysis
October 28, 2023 | sfgate.com
Wex: Q3 Earnings Snapshot
October 27, 2023 | markets.businessinsider.com
Analysts’ Opinions Are Mixed on These Financial Stocks: SLM (SLM), Axos Financial (AX) and WEX (WEX)
October 27, 2023 | bizjournals.com
Charlotte fintech firm Payzer to be bought by Wex in $250M deal
October 27, 2023 | finance.yahoo.com
After Plunging -13.55% in 4 Weeks, Here's Why the Trend Might Reverse for Wex (WEX)
October 27, 2023 | finance.yahoo.com
WEX Inc. (NYSE:WEX) Q3 2023 Earnings Call Transcript
See More Headlines
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Company Calendar

Last Earnings
10/26/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/08/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
Sector
Business Services
Current Symbol
NYSE:WEX
Previous Symbol
NYSE:WXS
CUSIP
96208T10
CIK
1309108
Web
www.wexinc.com
Phone
207-773-8171
Fax
207-828-5181
Employees
4,900
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$219.54
High Stock Price Target
$275.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+21.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$6.20
Trailing P/E Ratio
29.21
Forward P/E Ratio
14.28
P/E Growth
1.37
Net Income
$201.44 million
Net Margins
10.80%
Pretax Margin
15.37%
Return on Equity
32.16%
Return on Assets
4.24%

Debt

Debt-to-Equity Ratio
1.56
Current Ratio
1.03
Quick Ratio
1.03

Sales & Book Value

Annual Sales
$2.35 billion
Price / Sales
3.29
Cash Flow
$18.30 per share
Price / Cash Flow
9.90
Book Value
$37.84 per share
Price / Book
4.79

Miscellaneous

Outstanding Shares
42,740,000
Free Float
42,267,000
Market Cap
$7.74 billion
Optionable
Optionable
Beta
1.57

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WEX Stock Analysis - Frequently Asked Questions

Should I buy or sell WEX stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WEX shares.
View WEX analyst ratings or view top-rated stocks.

What is WEX's stock price target for 2024?

11 Wall Street analysts have issued 12 month price targets for WEX's shares. Their WEX share price targets range from $190.00 to $275.00. On average, they expect the company's stock price to reach $219.54 in the next twelve months. This suggests a possible upside of 21.3% from the stock's current price.
View analysts price targets for WEX or view top-rated stocks among Wall Street analysts.

How have WEX shares performed in 2023?

WEX's stock was trading at $163.65 on January 1st, 2023. Since then, WEX stock has increased by 10.6% and is now trading at $180.92.
View the best growth stocks for 2023 here.

When is WEX's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our WEX earnings forecast.

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) released its quarterly earnings results on Thursday, October, 26th. The business services provider reported $3.44 EPS for the quarter, beating analysts' consensus estimates of $3.29 by $0.15. The business services provider earned $651.40 million during the quarter, compared to analysts' expectations of $641.45 million. WEX had a net margin of 10.80% and a trailing twelve-month return on equity of 32.16%.

What ETFs hold WEX's stock?

ETFs with the largest weight of WEX (NYSE:WEX) stock in their portfolio include BlackRock Future Financial and Technology ETF (BPAY), ETFMG Prime Mobile Payments ETF (IPAY), Fidelity Crypto Industry and Digital Payments ETF (FDIG), Fidelity Women's Leadership ETF (FDWM), SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM), Hypatia Women CEO ETF (WCEO), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT) and LeaderShares AlphaFactor US Core Equity ETF (LSAF).

What guidance has WEX issued on next quarter's earnings?

WEX issued an update on its fourth quarter earnings guidance on Thursday, October, 26th. The company provided EPS guidance of $3.65-$3.75 for the period, compared to the consensus estimate of $3.72. The company issued revenue guidance of $650-$660 million, compared to the consensus revenue estimate of $642.48 million.

What is Melissa Smith's approval rating as WEX's CEO?

116 employees have rated WEX Chief Executive Officer Melissa Smith on Glassdoor.com. Melissa Smith has an approval rating of 95% among the company's employees. This puts Melissa Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of WEX own?

Based on aggregate information from My MarketBeat watchlists, some companies that other WEX investors own include NVIDIA (NVDA), ServiceNow (NOW), PayPal (PYPL), Mastercard (MA), Shopify (SHOP), CrowdStrike (CRWD), Block (SQ), Home Depot (HD), Okta (OKTA) and Zoom Video Communications (ZM).

Who are WEX's major shareholders?

WEX's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (6.89%), Morgan Stanley (4.36%), JPMorgan Chase & Co. (3.10%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (1.97%), River Road Asset Management LLC (1.77%) and FMR LLC (1.46%). Insiders that own company stock include Carlos Carriedo, David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, James R Groch, Jennifer Kimball, Melanie J Tinto, Melissa D Smith, Regina O Sommer, Regina O Sommer, Robert Joseph Deshaies, Roberto Simon, Scott Robert Phillips and Stephen Montgomery Smith.
View institutional ownership trends.

How do I buy shares of WEX?

Shares of WEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does WEX have any subsidiaries?
The following companies are subsidiares of WEX: Australian Card Services Pty Ltd, Benaissance, Benefit Express, Benefit Express Services LLC, Cirrus Holdings LLC, CorporatePay, Discovery Benefits, EFS Payments Llc, Electronic Funds Source, Electronic Funds Source Canada Inc., Electronic Funds Source Llc, Evolution1, FastCred, First Access Inc., Fleet One, FleetOne Holdings Llc, FleetOne L.L.C., FleetOne Receivables Llc, Go Fuel Card, Invapay Payment Solutions Limited, Noventis, OTR Blocker Llc, OTR Holdings Llc, OTR Topco Llc, Optal, Optal Asia Limited, Optal Australia Pty Ltd, Optal Financial Europe Limited, Optal Financial Limited, Optal Japan K.K., Optal Limited, Optal México S.A. de C.V. Institución de Fondos de Pago Electrónico, Optal Singapore Pte Ltd, PO Holding LLC, PSP – eNett Pty Ltd, Pavestone Capital, Payment Connection Inc., Retail Petroleum Services Limited, Societe D'Exploitation Et De Developement D' Operations Commerciales, Southern Cross WEX 2014 - 1 Trust, Stichting WEX Europe Nl, Stratus BE Holdco LLC, TCH Canada Inc., Transplatinum Service Llc, Travel Service Fees Pty Ltd, Truckers B2B Llc, WES Gorham Trade BV, WEX Asia Pte Ltd, WEX Australia Holdings Pty Ltd, WEX Australia Newco 2020 Pty Ltd, WEX Australia Pty Ltd, WEX BRASIL DE TECNOLOGIA LTDA, WEX Bank, WEX Bermuda 5 Limited, WEX Canada Ltd., WEX Canada Services Inc., WEX Capital LLC, WEX Card Australia Pty Ltd, WEX Card Holdings Australia Pty Ltd, WEX Conso Pty Ltd, WEX Delaware Newco 2020 Llc, WEX Europe Fleet Services Limited, WEX Europe Limited, WEX Europe Netherlands BV, WEX Europe Services As, WEX Europe Services B.V., WEX Europe Services BE BV, WEX Europe Services Gmbh, WEX Europe Services Holdings Limited, WEX Europe Services Limited, WEX Europe Services Sarl, WEX Europe Services Sas, WEX Europe Services Srl, WEX Europe Services UK Limited, WEX Europe Solutions Limited, WEX Europe Svcs Telesales Gmbh, WEX Europe UK Limited, WEX Finance Inc., WEX Fleet US Llc, WEX Fuel Cards Australia Ltd, WEX Health Inc., WEX New Zealand, WEX Payments Inc., WEX Payments Mexico S.A. de C.V., WEX Prepaid Cards Australia Pty Ltd, Wright Express Fueling Solutions Inc. Inactive, Wright Express Holdings 2 Llc, Wright Express Holdings 3 Llc, Wright Express Holdings 4 Lp, Wright Express International Holdings LLC, Wright Express International Holdings Limited, Wright Express UK Limited, eNett, eNett International Austria GmbH, eNett International Hong Kong Limited, eNett International Jersey Limited, eNett International NZ Limited, eNett International Pty Ltd, eNett International Singapore Pte Ltd, eNett International UK Limited, eNett International USA LLC, eNett Payment Solutions Ireland Limited, eNett Services Australia Pty Ltd, and eNett Services Pte. Ltd..
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This page (NYSE:WEX) was last updated on 12/4/2023 by MarketBeat.com Staff

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