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GE   156.09 (+0.31%)
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AMD   178.89 (+1.33%)
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NVDA   787.62 (+1.42%)
NIO   5.57 (+2.58%)
AMD   178.89 (+1.33%)
BABA   74.63 (+0.05%)
T   17.01 (+0.29%)
F   12.42 (+0.98%)
MU   90.95 (+1.38%)
CGC   3.41 (+1.49%)
GE   156.09 (+0.31%)
DIS   111.44 (+0.58%)
AMC   4.60 (-7.82%)
PFE   27.11 (+0.26%)
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NYSE:WEX

WEX (WEX) Stock Price, News & Analysis

$218.31
-2.12 (-0.96%)
(As of 02/28/2024 ET)
Today's Range
$218.16
$220.87
50-Day Range
$194.13
$224.24
52-Week Range
$161.95
$224.61
Volume
252,160 shs
Average Volume
361,973 shs
Market Capitalization
$9.11 billion
P/E Ratio
35.44
Dividend Yield
N/A
Price Target
$227.08

WEX MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
4.0% Upside
$227.08 Price Target
Short Interest
Healthy
1.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.09
Upright™ Environmental Score
News Sentiment
0.08mentions of WEX in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$14.26 M Sold Last Quarter
Proj. Earnings Growth
14.93%
From $13.60 to $15.63 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.89 out of 5 stars

Business Services Sector

67th out of 313 stocks

Business Services, Not Elsewhere Classified Industry

32nd out of 90 stocks


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

The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
WEX Inc. (NYSE:WEX) CAO Sells $127,565.76 in Stock
Ann Elena Drew Sells 4,531 Shares of WEX Inc. (NYSE:WEX) Stock
Hilary A. Rapkin Sells 5,800 Shares of WEX Inc. (NYSE:WEX) Stock
WEX Inc. (NYSE:WEX) SVP Sells $199,229.07 in Stock
Game-Changing Cancer Tech Nears FDA Completion
In the world of tech advancements, a new player could outshine even AI. It's a revolutionary technology with the aim of transforming cancer detection. Imagine the leap from basic reading glasses to cutting-edge VR; that's the scale of innovation we're talking about. FDA review is in its final stages and it could become the gold standard before we know it.
WEX Inc. (NYSE:WEX) CEO Sells $2,890,290.00 in Stock
WEX Inc Insider Ann Drew Sells 4,531 Shares
(WEX) - Analyzing WEX's Short Interest
WEX To Repurchase Additional $400 Mln Of Shares
WEX Board Raises Stock Buyback Plan by $400 Million
What Analysts Are Saying About WEX Stock
WEX Inc. (NYSE:WEX) Q4 2023 Earnings Call Transcript
Q4 2023 WEX Inc Earnings Call
WEX Full Year 2023 Earnings: EPS Misses Expectations
See More Headlines
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Company Calendar

Last Earnings
10/28/2021
Today
2/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
CUSIP
96208T10
Employees
4,900
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$227.08
High Stock Price Target
$275.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+4.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$266.60 million
Pretax Margin
14.47%

Debt

Sales & Book Value

Annual Sales
$2.55 billion
Cash Flow
$18.87 per share
Book Value
$43.62 per share

Miscellaneous

Free Float
42,267,000
Market Cap
$9.11 billion
Optionable
Optionable
Beta
1.60

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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 research analysts have issued twelve-month target prices for WEX's stock. Their WEX share price targets range from $190.00 to $275.00. On average, they predict the company's stock price to reach $227.08 in the next year. This suggests a possible upside of 4.0% 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 2024?

WEX's stock was trading at $194.55 on January 1st, 2024. Since then, WEX stock has increased by 12.2% and is now trading at $218.31.
View the best growth stocks for 2024 here
.

Are investors shorting WEX?

WEX saw a increase in short interest in February. As of February 15th, there was short interest totaling 646,800 shares, an increase of 25.5% from the January 31st total of 515,200 shares. Based on an average daily volume of 317,700 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.5% of the company's stock are sold short.
View WEX's Short Interest
.

When is WEX's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our WEX earnings forecast
.

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) announced its quarterly earnings results on Thursday, October, 28th. The business services provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.17. The business services provider had revenue of $482.80 million for the quarter, compared to analyst estimates of $478.34 million. WEX had a trailing twelve-month return on equity of 31.33% and a net margin of 10.46%. WEX's revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 EPS.

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

WEX updated its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 3.400-3.500 for the period, compared to the consensus earnings per share estimate of 3.780. The company issued revenue guidance of $650.0 million-$660.0 million, compared to the consensus revenue estimate of $655.1 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.82%), Par Capital Management Inc. (4.33%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.03%), River Road Asset Management LLC (1.70%), Neuberger Berman Group LLC (1.50%) and Brown Advisory Inc. (1.44%). Insiders that own company stock include Ann Elena Drew, 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, Sara Trickett, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 2/29/2024 by MarketBeat.com Staff