WEX - WEX Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WEX shares.
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11 Wall Street analysts have issued 12 month price objectives for WEX's stock. Their WEX share price forecasts range from $157.00 to $230.00. On average, they anticipate the company's share price to reach $190.42 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
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WEX's stock was trading at $140.39 on January 1st, 2022. Since then, WEX stock has increased by 22.0% and is now trading at $171.28.
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WEX saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,150,000 shares, an increase of 18.8% from the October 31st total of 967,900 shares. Based on an average daily trading volume, of 368,700 shares, the short-interest ratio is presently 3.1 days. Approximately 2.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our WEX earnings forecast.

WEX Inc. (NYSE:WEX) released its earnings results on Thursday, October, 28th. The business services provider reported $2.45 earnings per share for the quarter, topping 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 4.53% and a trailing twelve-month return on equity of 27.73%. The firm's quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.19 EPS.

WEX updated its fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of $3.15-$3.25 for the period, compared to the consensus earnings per share estimate of $3.18. The company issued revenue guidance of $570.00 million-$580.00 million, compared to the consensus revenue estimate of $562.81 million.

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.

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).

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 Vanguard Group Inc. (9.75%), BlackRock Inc. (9.03%), Impactive Capital LP (4.95%), Par Capital Management Inc. (4.24%), State Street Corp (2.72%) and Primecap Management Co. CA (2.51%). Insiders that own company stock include David G Cooper, Hilary A Rapkin, James R Groch, Jennifer Kimball, Joel Alan Dearborn Jr, Kenneth Janosick, Melanie J Tinto, Melissa D Smith, Robert Joseph Deshaies, Roberto Simon and Scott Robert Phillips.
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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.
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One share of WEX stock can currently be purchased for approximately $171.28.

WEX (NYSE:WEX) has a market capitalization of $7.47 billion and generates $1.85 billion in revenue each year. The business services provider earns $140,000.00 in net income (profit) each year or $2.21 on an earnings per share basis.

The company employs 5,600 workers across the globe.

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.