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NYSE:WEX

WEX (WEX) Stock Forecast, Price & News

$198.10
-0.68 (-0.34%)
(As of 09:30 AM ET)
Compare
Today's Range
$198.00
▼
$198.28
50-Day Range
$181.40
▼
$203.01
52-Week Range
$125.00
▼
$204.05
Volume
1,574 shs
Average Volume
296,330 shs
Market Capitalization
$8.51 billion
P/E Ratio
41.44
Dividend Yield
N/A
Price Target
$215.15
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

WEX MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
8.2% Upside
$215.15 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.09
Upright™ Environmental Score
News Sentiment
0.28mentions of WEX in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$9.20 M Sold Last Quarter
Proj. Earnings Growth
14.34%
From $12.27 to $14.03 Per Share

Overall MarketRank™

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

2.08 out of 5 stars

Business Services Sector

171st out of 306 stocks

Business Services, Not Elsewhere Classified Industry

62nd out of 88 stocks

See Top Rated MarketRank™ Stocks Here

WEX stock logo

About WEX (NYSE:WEX) Stock

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 Price History

WEX Stock News Headlines

September 23, 2023 | barrons.com
WEX Inc.
September 23, 2023 | americanbankingnews.com
WEX (NYSE:WEX) PT Raised to $275.00 at Robert W. Baird
September 25, 2023 | Edge On The Street (Ad)
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
September 22, 2023 | finance.yahoo.com
Nayax (NYAX) Soars 7.9%: Is Further Upside Left in the Stock?
September 21, 2023 | markets.businessinsider.com
Baird Maintains Outperform Rating for WEX: Here's What You Need To Know
September 20, 2023 | msn.com
TWRA officer accused of buying $60K worth of gas on state card over 13 years
September 7, 2023 | finance.yahoo.com
3 Reasons Why You Should Retain WEX Stock in Your Portfolio
September 1, 2023 | finance.yahoo.com
WEX Stock Gains 11.2% in the Past Three Months: Here's How
September 25, 2023 | Edge On The Street (Ad)
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
August 23, 2023 | theglobeandmail.com
Closing Bell: Western Exploration Inc flat on Wednesday (WEX)
August 23, 2023 | msn.com
JP Morgan Maintains WEX (WEX) Neutral Recommendation
August 23, 2023 | theglobeandmail.com
Closing Bell: Western Exploration Inc flat on Tuesday (WEX)
August 20, 2023 | finance.yahoo.com
Is Western Exploration (CVE:WEX) In A Good Position To Deliver On Growth Plans?
August 18, 2023 | finance.yahoo.com
3 Stocks to Buy for This Tough-as-Nails Market
August 5, 2023 | finance.yahoo.com
Is Now The Time To Put WEX (NYSE:WEX) On Your Watchlist?
August 4, 2023 | seekingalpha.com
WEX Inc: Q2 2023 Earnings Was Good, But More Is Needed
August 3, 2023 | msn.com
WEX to invest $100 million in electric vehicle transition
August 3, 2023 | finance.yahoo.com
WEX Stock Barely Moves Despite Q2 Earnings and Revenues Beat
August 1, 2023 | finance.yahoo.com
WEX Releases Third Environmental, Social, and Governance Report Chronicling Progress and Providing a Glimpse into Future Sustainability Endeavors
July 29, 2023 | finance.yahoo.com
WEX Inc. (NYSE:WEX) Q2 2023 Earnings Call Transcript
July 28, 2023 | msn.com
Credit Suisse Maintains WEX (WEX) Neutral Recommendation
July 28, 2023 | finance.yahoo.com
WEX Inc. Reports Second Quarter 2023 Financial Results
July 28, 2023 | markets.businessinsider.com
Barclays Reaffirms Their Buy Rating on WEX (WEX)
July 28, 2023 | cnbc.com
Wex CEO Melissa Smith: Freight customers expect a reset to happen next year
July 28, 2023 | finance.yahoo.com
Q2 2023 WEX Inc Earnings Call
July 27, 2023 | fool.com
Wex (WEX) Q2 2023 Earnings Call Transcript
July 27, 2023 | bloomberg.com
New Corporate VC Fund Will Bet $100 Million on Electric Vehicles
See More Headlines
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WEX Company Calendar

Last Earnings
7/27/2023
Today
9/25/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023
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 Forecast
$215.15
High Stock Price Forecast
$275.00
Low Stock Price Forecast
$185.00
Forecasted Upside/Downside
+8.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.78
Trailing P/E Ratio
41.59
Forward P/E Ratio
16.20
P/E Growth
1.6
Net Income
$201.44 million
Net Margins
8.42%
Pretax Margin
12.04%
Return on Equity
31.60%
Return on Assets
4.29%

Debt

Debt-to-Equity Ratio
1.41
Current Ratio
1.04
Quick Ratio
1.04

Sales & Book Value

Annual Sales
$2.35 billion
Price / Sales
3.63
Cash Flow
$18.35 per share
Price / Cash Flow
10.83
Book Value
$37.84 per share
Price / Book
5.25

Miscellaneous

Outstanding Shares
42,950,000
Free Float
42,482,000
Market Cap
$8.54 billion
Optionable
Optionable
Beta
1.60

Social Links

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Key Executives

  • Ms. Melissa D. SmithMs. Melissa D. Smith (Age 54)
    Chairman, Pres & CEO
    Comp: $3.03M
  • Mr. Jagtar Narula (Age 52)
    Chief Financial Officer
    Comp: $989.4k
  • Ms. Jennifer KimballMs. Jennifer Kimball (Age 48)
    Chief Accounting Officer
    Comp: $883.64k
  • Mr. Joel Alan Dearborn Jr.Mr. Joel Alan Dearborn Jr. (Age 44)
    Chief Strategy Officer
    Comp: $1.12M
  • Mr. Robert Joseph DeshaiesMr. Robert Joseph Deshaies (Age 57)
    Chief Operating Officer of Americas
    Comp: $1.34M
  • Ms. Karen B. Stroup (Age 47)
    Chief Digital Officer
    Comp: $1.27M
  • Mr. Steven Alan Elder (Age 54)
    Sr. VP of Global Investor Relations
  • Ms. Hilary Ann Rapkin Esq. (Age 56)
    Chief Legal Officer & Sec.
  • Ms. Ann Elena Drew J.D. (Age 52)
    Chief Risk & Compliance Officer
  • Ms. Melanie J. TintoMs. Melanie J. Tinto (Age 51)
    Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













WEX Stock - Frequently Asked Questions

Should I buy or sell WEX stock right now?

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

What is WEX's stock price forecast for 2023?

11 Wall Street analysts have issued twelve-month price objectives for WEX's shares. Their WEX share price forecasts range from $185.00 to $275.00. On average, they predict the company's stock price to reach $215.15 in the next twelve months. This suggests a possible upside of 8.2% 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 at the beginning of 2023. Since then, WEX stock has increased by 21.5% and is now trading at $198.78.
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, October 26th 2023.
View our WEX earnings forecast.

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) issued its quarterly earnings data on Thursday, July, 27th. The business services provider reported $3.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.07 by $0.01. The business services provider had revenue of $621.30 million for the quarter, compared to analysts' expectations of $620.63 million. WEX had a net margin of 8.42% and a trailing twelve-month return on equity of 31.60%.

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 updated its FY23 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $14.15-$14.35 for the period, compared to the consensus earnings per share estimate of $14.02. The company issued revenue guidance of $2.50-$2.52 billion, compared to the consensus revenue estimate of $2.49 billion.

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).

What is WEX's stock symbol?

WEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEX."

Who are WEX's major shareholders?

WEX's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.94%), JPMorgan Chase & Co. (2.96%), State Street Corp (2.76%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (1.90%), River Road Asset Management LLC (1.77%) and Geode Capital Management LLC (1.63%). Insiders that own company stock include Carlos Carriedo, David G Cooper, Hilary A Rapkin, James R Groch, Jennifer Kimball, Kenneth Janosick, Melanie J Tinto, Melissa D Smith, Regina O Sommer, Regina O Sommer, Robert Joseph Deshaies, Roberto Simon and Scott Robert Phillips.
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.

What is WEX's stock price today?

One share of WEX stock can currently be purchased for approximately $198.78.

How much money does WEX make?

WEX (NYSE:WEX) has a market capitalization of $8.54 billion and generates $2.35 billion in revenue each year. The business services provider earns $201.44 million in net income (profit) each year or $4.78 on an earnings per share basis.

How many employees does WEX have?

The company employs 4,900 workers across the globe.

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..
Read More
How can I contact WEX?

WEX's mailing address is 1 Hancock Street, SOUTH PORTLAND ME, 04101. The official website for the company is www.wexinc.com. The business services provider can be reached via phone at 207-773-8171, via email at steve.elder@wexinc.com, or via fax at 207-828-5181.

This page (NYSE:WEX) was last updated on 9/25/2023 by MarketBeat.com Staff

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