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NYSE:WEX

WEX (WEX) Stock Price, News & Analysis

$230.48
+0.61 (+0.27%)
(As of 03:51 PM ET)
Today's Range
$229.23
$232.44
50-Day Range
$207.03
$242.22
52-Week Range
$161.95
$244.04
Volume
161,240 shs
Average Volume
297,099 shs
Market Capitalization
$9.62 billion
P/E Ratio
37.42
Dividend Yield
N/A
Price Target
$240.00

WEX MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
4.3% Upside
$240.00 Price Target
Short Interest
Healthy
2.04% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.09
Upright™ Environmental Score
News Sentiment
0.32mentions of WEX in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$14.71 M Sold Last Quarter
Proj. Earnings Growth
15.20%
From $13.55 to $15.61 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

70th out of 309 stocks

Business Services, Not Elsewhere Classified Industry

33rd out of 86 stocks

WEX stock logo

About WEX Stock (NYSE:WEX)

WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation 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 offerings. 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 Corporate Payments segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. This segment also markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals. The Benefits Solutions segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions. In addition, its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits; COBRA accounts; and benefit enrollment and administration services. Further, it offers custodial and depository services for health savings accounts; and 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

WEX Inc. (NYSE:WEX) CFO Jagtar Narula Sells 309 Shares
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
WEX (WEX) to Release Quarterly Earnings on Thursday
WEX (NYSE:WEX) Price Target Raised to $280.00 at Barclays
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
WEX Stock: A Deep Dive Into Analyst Perspectives (7 Ratings)
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Today
4/18/2024
Next Earnings (Confirmed)
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
5,500
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$240.00
High Stock Price Target
$285.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+4.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 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
$42.60 per share

Miscellaneous

Free Float
41,276,000
Market Cap
$9.61 billion
Optionable
Optionable
Beta
1.59

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WEX Stock Analysis - Frequently Asked Questions

Should I buy or sell WEX stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WEX in the last twelve months. There are currently 6 hold ratings and 7 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?

13 Wall Street analysts have issued 1 year price objectives for WEX's shares. Their WEX share price targets range from $190.00 to $285.00. On average, they expect the company's stock price to reach $240.00 in the next year. This suggests a possible upside of 4.3% 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 2024?

WEX's stock was trading at $194.55 on January 1st, 2024. Since then, WEX stock has increased by 18.3% and is now trading at $230.21.
View the best growth stocks for 2024 here
.

Are investors shorting WEX?

WEX saw a increase in short interest in March. As of March 15th, there was short interest totaling 801,900 shares, an increase of 32.0% from the February 29th total of 607,700 shares. Based on an average daily trading volume, of 299,700 shares, the short-interest ratio is currently 2.7 days. Approximately 1.9% of the company's shares 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 can I listen to WEX's earnings call?

WEX will be holding an earnings conference call on Thursday, April 25th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "2902800".

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) announced its quarterly earnings results on Thursday, February, 8th. The business services provider reported $3.14 EPS for the quarter, missing analysts' consensus estimates of $3.29 by $0.15. The business services provider had revenue of $663.30 million for the quarter, compared to the consensus estimate of $656.75 million. WEX had a net margin of 10.46% and a trailing twelve-month return on equity of 31.33%.

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

WEX issued an update on its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 3.400-3.500 for the period, compared to the consensus 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 number of retail and institutional investors. Top institutional investors include Bath Savings Trust Co (0.07%), Wealth Enhancement Advisory Services LLC (0.02%), Procyon Advisors LLC (0.01%), CHICAGO TRUST Co NA (0.00%) and Rise Advisors LLC (0.00%). Insiders that own company stock include Ann Elena Drew, Carlos Carriedo, David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, Jagtar Narula, James R Groch, Jennifer Kimball, Melanie J Tinto, Melissa D Smith, Regina O Sommer, Regina O Sommer, Robert Joseph Deshaies, Sara Trickett 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 4/18/2024 by MarketBeat.com Staff

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