NYSE:WEX

WEX (WEX) Stock Forecast, Price & News

$194.38

+0.94 (+0.49%)

(As of 09/27/2023 ET)

Compare

Today's Range: $191.75
▼
$195.40
50-Day Range: $181.40
▼
$203.01
52-Week Range: $126.34
▼
$204.05

Volume: 221,871 shs
Average Volume: 296,807 shs
Market Capitalization: $8.35 billion

P/E Ratio: 40.66
Dividend Yield: N/A
Price Target: $215.15

WEX MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.55 Rating Score
Upside/Downside: 10.7% Upside
$215.15 Price Target
Short Interest: Healthy
1.30% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.09
Upright™ Environmental Score
News Sentiment: 0.27
Based on 12 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.

2.31 out of 5 stars

Business Services Sector

163rd out of 313 stocks

Business Services, Not Elsewhere Classified Industry

59th out of 92 stocks

2.3

Analyst's Opinion

Consensus Rating
WEX has received a consensus rating of Moderate Buy. The company's average rating score is 2.55, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $215.15, WEX has a forecasted upside of 10.7% from its current price of $194.38.
Amount of Analyst Coverage
WEX has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.30% of the float of WEX has been sold short.
Short Interest Ratio / Days to Cover
WEX has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in WEX has recently increased by 16.55%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
WEX does not currently pay a dividend.
Dividend Growth
WEX does not have a long track record of dividend growth.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
WEX has received a 31.13% net impact score from Upright. WEX seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Creating knowledge". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Truck fleet management software", "Payment platform", and "Passenger car fleet management software" products. See details.
Environmental Sustainability
The Environmental Impact score for WEX is -1.09.

1.8

News and Social Media Coverage

News Sentiment
WEX has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for WEX this week, compared to 5 articles on an average week.
Search Interest
Only 1 people have searched for WEX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added WEX to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, WEX insiders have sold 3,543.11% more of their company's stock than they have bought. Specifically, they have bought $252,450.00 in company stock and sold $9,197,026.00 in company stock.
Percentage Held by Insiders
Only 1.10% of the stock of WEX is held by insiders.
Percentage Held by Institutions
97.47% of the stock of WEX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for WEX are expected to grow by 14.34% in the coming year, from $12.27 to $14.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of WEX is 40.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of WEX is 40.66, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 41.45.
Price to Earnings Growth Ratio
WEX has a PEG Ratio of 1.60. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
WEX has a P/B Ratio of 5.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

WEX Stock News Headlines

September 26, 2023 | bizjournals.com

WEX Venture Capital bets $100M on electric vehicle innovation for commercial fleets

September 26, 2023 | americanbankingnews.com

WEX Inc. (NYSE:WEX) Given Average Recommendation of "Moderate Buy" by Analysts

September 28, 2023 | UNKNOWN (Ad)

The Bio-Tech Stock That Needs Your Attention!

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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 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 28, 2023 | UNKNOWN (Ad)

The Bio-Tech Stock That Needs Your Attention!

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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

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

See More Headlines

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WEX Company Calendar

Last Earnings: 7/27/2023
Today: 9/28/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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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: +10.7%
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: 40.66
Forward P/E Ratio: 15.84
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: 3.55
Cash Flow: $17.96 per share
Price / Cash Flow: 10.82
Book Value: $37.84 per share
Price / Book: 5.14

Miscellaneous

Outstanding Shares: 42,950,000
Free Float: 42,482,000
Market Cap: $8.35 billion
Optionable: Optionable
Beta: 1.60

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Key Executives

Ms. Melissa D. Smith (Age 54)
Chairman, Pres & CEO
Comp: $3.03M

Mr. Jagtar Narula (Age 52)
Chief Financial Officer
Comp: $989.4k

Ms. Jennifer Kimball (Age 48)
Chief Accounting Officer
Comp: $883.64k

Mr. Joel Alan Dearborn Jr. (Age 44)
Chief Strategy Officer
Comp: $1.12M

Mr. 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. 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 equities 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 equities 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 forecast for 2023?: 11 analysts have issued 1-year price objectives for WEX's stock. 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 year. This suggests a possible upside of 10.7% 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 start of the year. Since then, WEX shares have increased by 18.8% and is now trading at $194.3750.
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) released 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 earned $621.30 million during the quarter, compared to analyst estimates 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 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 many different 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 $194.38.
How much money does WEX make?: WEX (NYSE:WEX) has a market capitalization of $8.35 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..
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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 9/28/2023 by MarketBeat.com Staff

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