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NYSE:WEX

WEX (WEX) Stock Forecast, Price & News

$180.46
+6.67 (+3.84%)
(As of 06/6/2023 ET)
Compare
Today's Range
$173.00
▼
$181.48
50-Day Range
$165.81
▼
$191.39
52-Week Range
$125.00
▼
$204.05
Volume
347,808 shs
Average Volume
321,313 shs
Market Capitalization
$7.73 billion
P/E Ratio
54.03
Dividend Yield
N/A
Price Target
$206.56
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

WEX MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
14.5% Upside
$206.56 Price Target
Short Interest
Healthy
1.44% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.09
Upright™ Environmental Score
News Sentiment
0.47mentions of WEX in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$479,096 Sold Last Quarter
Proj. Earnings Growth
12.82%
From $12.32 to $13.90 Per Share

Overall MarketRank™

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

2.27 out of 5 stars

Business Services Sector

110th out of 323 stocks

Business Services, Not Elsewhere Classified Industry

42nd out of 88 stocks

See Top Rated MarketRank™ Stocks Here

WEX stock logo

About WEX (NYSE:WEX) Stock

WEX Inc. provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; 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 card is presented. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. 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.

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WEX Stock News Headlines

June 3, 2023 | markets.businessinsider.com
Robert W. Baird Remains a Buy on WEX (WEX)
June 2, 2023 | markets.businessinsider.com
WEX (WEX) Gets a Buy from Bank of America Securities
June 6, 2023 | Investor Place Media (Ad)
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
June 1, 2023 | msn.com
Dog with a very cheeky habit named UK's 'most mischievous pet'
June 1, 2023 | finance.yahoo.com
WEX to Host Benefits Investor Event Today
May 31, 2023 | msn.com
New Nottingham shop aiming to be 'home of creatives' after 'string of closures'
May 27, 2023 | americanbankingnews.com
WEX Inc. (NYSE:WEX) Receives $208.90 Consensus Price Target from Analysts
May 26, 2023 | benzinga.com
WEX Stock (NYSE:WEX), Insider Trading Activity
June 6, 2023 | Behind the Markets (Ad)
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May 26, 2023 | americanbankingnews.com
Q1 2024 Earnings Estimate for WEX Inc. (NYSE:WEX) Issued By Zacks Research
May 25, 2023 | americanbankingnews.com
Zacks Research Comments on WEX Inc.'s Q4 2023 Earnings (NYSE:WEX)
May 24, 2023 | finance.yahoo.com
WEX Banks on Sustained Demand for Services and Organic Growth
May 23, 2023 | finance.yahoo.com
WEX to Present at the William Blair Growth Stock Conference
May 21, 2023 | americanbankingnews.com
StockNews.com Begins Coverage on WEX (NYSE:WEX)
May 20, 2023 | americanbankingnews.com
Jennifer Kimball Sells 939 Shares of WEX Inc. (NYSE:WEX) Stock
May 18, 2023 | finance.yahoo.com
Wex (WEX) Q1 Earnings and Revenues Beat Estimates
May 18, 2023 | msn.com
11 hilarious entries for the UK's most mischievous pet - could yours take the crown?
May 17, 2023 | msn.com
A brief history of matzoh: 'It's not supposed to taste good'
May 16, 2023 | theglobeandmail.com
Closing Bell: Western Exploration Inc up on Monday (WEX)
May 10, 2023 | msn.com
WEX Inc.: Normalization Of Fuel Prices Might Be A Headwind
May 10, 2023 | finance.yahoo.com
WEX to Host Benefits Investor Event on June 1
May 8, 2023 | americanbankingnews.com
Robert Joseph Deshaies Sells 1,100 Shares of WEX Inc. (NYSE:WEX) Stock
May 6, 2023 | marketwatch.com
Benefit Administration Solutions Market Outlook 2023 and Future Forecast to 2030 | ADP, Workday, WEX Health
May 2, 2023 | americanbankingnews.com
Truist Financial Raises WEX (NYSE:WEX) Price Target to $190.00
May 2, 2023 | americanbankingnews.com
Analysts Set WEX Inc. (NYSE:WEX) Price Target at $210.90
May 1, 2023 | americanbankingnews.com
Mizuho Trims WEX (NYSE:WEX) Target Price to $200.00
May 1, 2023 | americanbankingnews.com
WEX (NYSE:WEX) PT Raised to $236.00
See More Headlines

WEX Price History

WEX Company Calendar

Last Earnings
10/28/2021
Today
6/06/2023
Next Earnings (Estimated)
7/27/2023
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
$206.56
High Stock Price Forecast
$236.00
Low Stock Price Forecast
$180.00
Forecasted Upside/Downside
+14.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.34
Trailing P/E Ratio
54.04
Forward P/E Ratio
14.65
P/E Growth
1.96
Net Income
$201.44 million
Net Margins
6.00%
Pretax Margin
9.32%
Return on Equity
32.29%
Return on Assets
4.51%

Debt

Debt-to-Equity Ratio
1.58
Current Ratio
1.07
Quick Ratio
1.07

Sales & Book Value

Annual Sales
$2.35 billion
Price / Sales
3.29
Cash Flow
$18.78 per share
Price / Cash Flow
9.61
Book Value
$37.84 per share
Price / Book
4.77

Miscellaneous

Outstanding Shares
42,840,000
Free Float
42,370,000
Market Cap
$7.73 billion
Optionable
Optionable
Beta
1.59

Social Links


Key Executives

  • Ms. Melissa D. SmithMs. Melissa D. Smith (Age 54)
    Chairman, Pres & CEO
    Comp: $3.11M
  • Mr. David CooperMr. David Cooper (Age 56)
    Sr. VP & Chief Technology Officer
    Comp: $913.1k
  • Mr. Robert Joseph DeshaiesMr. Robert Joseph Deshaies (Age 57)
    Chief Operating Officer of Americas
    Comp: $1.07M
  • Mr. Jagtar Narula (Age 52)
    Chief Financial Officer
  • Ms. Jennifer KimballMs. Jennifer Kimball (Age 48)
    Chief Accounting Officer
  • 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
  • Mr. Joel Alan Dearborn Jr.Mr. Joel Alan Dearborn Jr. (Age 44)
    Chief Strategy 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?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WEX shares.
View WEX analyst ratings or view top-rated stocks.

What is WEX's stock price forecast for 2023?

8 Wall Street analysts have issued 12-month price targets for WEX's shares. Their WEX share price forecasts range from $180.00 to $236.00. On average, they expect the company's share price to reach $206.56 in the next year. This suggests a possible upside of 14.4% 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 10.3% and is now trading at $180.49.
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, July 27th 2023.
View our WEX earnings forecast.

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) announced its quarterly earnings data on Thursday, October, 28th. The business services provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.28 by $0.17. The business services provider had revenue of $482.80 million for the quarter, compared to analysts' expectations of $478.34 million. WEX had a net margin of 6.00% and a trailing twelve-month return on equity of 32.29%. The business's quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the company posted $1.19 EPS.

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), Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG), Fidelity Women's Leadership ETF (FDWM), ETFMG Prime Mobile Payments ETF (IPAY), Fidelity Crypto Industry and Digital Payments ETF (FDIG), Hypatia Women CEO ETF (WCEO), SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM) and First Trust Industrials/Producer Durables AlphaDEX Fund (FXR).

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

WEX updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $3.45-$3.55 for the period, compared to the consensus EPS estimate of $3.47. The company issued revenue guidance of $613.00 million-$623.00 million, compared to the consensus revenue estimate of $614.07 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).

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.35%), Wellington Management Group LLP (7.27%), Impactive Capital LP (4.92%), JPMorgan Chase & Co. (3.12%), State Street Corp (2.80%) and Bank of America Corp DE (1.79%). Insiders that own company stock include David G Cooper, Hilary A Rapkin, James R Groch, Jennifer Kimball, Kenneth Janosick, Melanie J Tinto, Melissa D Smith, 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 $180.49.

How much money does WEX make?

WEX (NYSE:WEX) has a market capitalization of $7.73 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 $3.34 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 6/6/2023 by MarketBeat.com Staff

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