NYSE:WEXWEX Stock Price, Forecast & News

WEX's stock was trading at $135.82 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WEX stock has decreased by 30.9% and is now trading at $93.83. View which stocks have been mosted impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 8 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for WEX.

WEX is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for WEX.

WEX Inc (NYSE:WEX) released its quarterly earnings results on Thursday, February, 13th. The business services provider reported $2.61 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.56 by $0.05. The business services provider earned $440.05 million during the quarter, compared to analyst estimates of $455.69 million. WEX had a net margin of 5.74% and a return on equity of 19.61%. The firm's revenue was up 15.4% compared to the same quarter last year. During the same period last year, the business earned $2.02 EPS. View WEX's earnings history.

WEX issued an update on its FY20 earnings guidance on Thursday, February, 13th. The company provided earnings per share guidance of $10.15 to $10.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.55. The company issued revenue guidance of $1.86 billion to $1.90 billion, compared to the consensus revenue estimate of $1.93 billion.

16 brokerages have issued 1 year target prices for WEX's shares. Their forecasts range from $167.00 to $260.00. On average, they expect WEX's share price to reach $223.13 in the next twelve months. This suggests a possible upside of 137.8% from the stock's current price. View analysts' price targets for WEX.

News articles about WEX stock have been trending very negative recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. WEX earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave press coverage about the business services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutWEX.

WEX saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,877,300 shares, an increase of 26.8% from the February 27th total of 1,480,000 shares. Based on an average daily volume of 418,100 shares, the short-interest ratio is presently 4.5 days. Approximately 4.4% of the company's shares are short sold. View WEX's Current Options Chain.

Some companies that are related to WEX include Visa (V), Mastercard (MA), Fidelity National Information Servcs (FIS), Fiserv (FISV), Automatic Data Processing (ADP), Global Payments (GPN), Total System Services (TSS), Paychex (PAYX), FleetCor Technologies (FLT), Jack Henry & Associates (JKHY), Broadridge Financial Solutions (BR), The Western Union (WU), Genpact (G), Euronet Worldwide (EEFT) and MAXIMUS (MMS).

Based on aggregate information from My MarketBeat watchlists, some companies that other WEX investors own include Home Depot (HD), NVIDIA (NVDA), Adobe (ADBE), Zoetis (ZTS), Mastercard (MA), Paypal (PYPL), ServiceNow (NOW), Cisco Systems (CSCO), Lululemon Athletica (LULU) and Boeing (BA).

WEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEX."

WEX's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bath Savings Trust Co (0.06%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, 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.

WEX stock was acquired by a variety of institutional investors in the last quarter, including Bath Savings Trust Co. View insider buying and selling activity for WEX.

Shares of WEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of WEX stock can currently be purchased for approximately $93.83.

WEX has a market capitalization of $4.07 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. View additional information about WEX.

The official website for WEX is http://www.wexinc.com/.

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]