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NYSE:WEX

WEX Stock Forecast, Price & News

$191.30
-2.25 (-1.16 %)
(As of 01/27/2021 01:51 PM ET)
Add
Compare
Today's Range
$185.11
Now: $191.30
$191.30
50-Day Range
$184.93
MA: $202.13
$212.57
52-Week Range
$71.12
Now: $191.30
$236.51
Volume6,706 shs
Average Volume291,257 shs
Market Capitalization$8.44 billion
P/E Ratio66.89
Dividend YieldN/A
Beta1.86
WEX Inc. provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. 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; premium fleet 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 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 processing solutions for corporate payment and transaction monitoring needs. Its products include virtual cards that are used for transactions where no card is presented and that require pre-authorization; and prepaid and gift card products that enables secure payment and financial management solutions with single card options, access to open or closed loop redemption, load limits, and with various expirations. 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. 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 headquartered in Portland, Maine.
WEX logo

MarketRank

Overall MarketRank

1.63 out of 5 stars

Business Services Sector

90th out of 442 stocks

Business Services, Not Elsewhere Classified Industry

38th out of 192 stocks

Analyst Opinion: 2.2Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
CUSIP96208T10
Phone207-773-8171
Employees5,000
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.72 billion
Cash Flow$18.08 per share
Book Value$44.73 per share

Profitability

Net Income$99.01 million

Miscellaneous

Market Cap$8.44 billion
Next Earnings Date2/11/2021 (Estimated)
OptionableOptionable
$191.30
-2.25 (-1.16 %)
(As of 01/27/2021 01:51 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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WEX (NYSE:WEX) Frequently Asked Questions

How has WEX's stock price been impacted by Coronavirus (COVID-19)?

WEX's stock was trading at $135.82 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WEX stock has increased by 40.2% and is now trading at $190.46.
View which stocks have been most impacted by COVID-19
.

Is WEX a buy right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WEX stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEX, but not buy additional shares or sell existing shares.
View analyst ratings for WEX
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than WEX?

Wall Street analysts have given WEX a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but WEX wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Melissa Smith's approval rating as WEX's CEO?

116 employees have rated WEX CEO Melissa Smith on Glassdoor.com. Melissa Smith has an approval rating of 95% among WEX's employees. This puts Melissa Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

When is WEX's next earnings date?

WEX is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for WEX
.

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) released its earnings results on Thursday, October, 29th. The business services provider reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by $0.13. The business services provider had revenue of $392.90 million for the quarter, compared to the consensus estimate of $395.95 million. WEX had a net margin of 7.47% and a trailing twelve-month return on equity of 16.87%. The firm's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.59 EPS.
View WEX's earnings history
.

What price target have analysts set for WEX?

17 brokers have issued 1-year target prices for WEX's stock. Their forecasts range from $150.00 to $249.00. On average, they expect WEX's share price to reach $193.88 in the next twelve months. This suggests a possible upside of 1.8% from the stock's current price.
View analysts' price targets for WEX
or view Wall Street analyst' top-rated stocks.

Who are some of WEX's key competitors?

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), Square (SQ), The Home Depot (HD), Okta (OKTA) and Zoom Video Communications (ZM).

Who are WEX's key executives?

WEX's management team includes the following people:
  • Ms. Melissa D. Smith, Chairman, Pres & CEO (Age 51, Pay $1.85M)
  • Mr. Roberto R. Simon, Chief Financial Officer (Age 46, Pay $930.59k)
  • Mr. Scott Robert Phillips, Pres of Global Fleet (Age 50, Pay $883.61k)
  • Mr. Joel Alan Dearborn Jr., Pres of Corp. Payments (Age 41, Pay $698.34k)
  • Mr. Robert Joseph Deshaies, Pres of Health Division (Age 54, Pay $844.21k)
  • Mr. Kenneth W. Janosick, Chief Portfolio Risk & Operations Officer (Age 58)
  • Mr. David Cooper, Chief Technology Officer (Age 53)
  • Mr. Steven Alan Elder, Sr. VP of Global Investor Relations (Age 51)
  • Ms. Hilary Ann Rapkin, Chief Legal Officer & Sec. (Age 53)
  • Ms. Nicola S. Morris, Chief Corp. Devel. Officer (Age 54)

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 variety of retail and institutional investors. Top institutional investors include Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (1.05%), Ardevora Asset Management LLP (0.70%), Frontier Capital Management Co. LLC (0.18%), Peregrine Capital Management LLC (0.17%), New York State Teachers Retirement System (0.13%) and Smith Graham & Co. Investment Advisors LP (0.12%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Joel Alan Dearborn Jr, Kenneth Janosick, Melanie J Tinto, Melissa D Smith, Michael E Dubyak, Nicola S Morris, Regina O Sommer, Roberto Simon, Rowland Moriarty and Scott Robert Phillips.
View institutional ownership trends for WEX
.

Which major investors are selling WEX stock?

WEX stock was sold by a variety of institutional investors in the last quarter, including Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Peregrine Capital Management LLC, Pacer Advisors Inc., Frontier Capital Management Co. LLC, New York State Teachers Retirement System, Bath Savings Trust Co, Crossmark Global Holdings Inc., and Smith Graham & Co. Investment Advisors LP. Company insiders that have sold WEX company stock in the last year include David G Cooper, Joel Alan Dearborn Jr, Kenneth Janosick, Melanie J Tinto, and Roberto Simon.
View insider buying and selling activity for WEX
or view top insider-selling stocks.

Which major investors are buying WEX stock?

WEX stock was bought by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Kovack Advisors Inc., Spinnaker Trust, IBM Retirement Fund, JustInvest LLC, International Assets Investment Management LLC, Boyd Watterson Asset Management LLC OH, and IFP Advisors Inc.
View insider buying and selling activity for WEX
or or view top insider-buying stocks.

How do I buy shares of WEX?

Shares of WEX 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.

What is WEX's stock price today?

One share of WEX stock can currently be purchased for approximately $190.46.

How big of a company is WEX?

WEX has a market capitalization of $8.40 billion and generates $1.72 billion in revenue each year. The business services provider earns $99.01 million in net income (profit) each year or $8.34 on an earnings per share basis. WEX employs 5,000 workers across the globe.

What is WEX's official website?

The official website for WEX is www.wexinc.com.

How can I contact WEX?

WEX's mailing address is 1 Hancock Street, SOUTH PORTLAND ME, 04101. The business services provider can be reached via phone at 207-773-8171 or via email at [email protected]

This page was last updated on 1/27/2021 by MarketBeat.com Staff

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