NYSE:WEXWEX Stock Price, Forecast & News

WEX's stock was trading at $135.82 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WEX stock has increased by 12.3% and is now trading at $152.55. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 9 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for WEX.

WEX is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for WEX.

WEX Inc (NYSE:WEX) released its earnings results on Thursday, May, 7th. The business services provider reported $1.81 earnings per share for the quarter, missing the consensus estimate of $2.05 by $0.24. The business services provider earned $431.70 million during the quarter, compared to the consensus estimate of $427.21 million. WEX had a return on equity of 19.68% and a net margin of 3.76%. The business's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. View WEX's earnings history.

15 equities research analysts have issued 1-year price targets for WEX's shares. Their forecasts range from $147.00 to $260.00. On average, they anticipate WEX's stock price to reach $198.00 in the next year. This suggests a possible upside of 29.8% from the stock's current price. View analysts' price targets for WEX.

Headlines about WEX stock have trended extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. WEX earned a news sentiment score of -4.3 on InfoTrie's scale. They also assigned news headlines about the business services provider a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the stock's share price in the near future. View the latest news about WEX.

WEX saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,820,000 shares, an increase of 9.0% from the June 15th total of 1,670,000 shares. Based on an average trading volume of 648,600 shares, the days-to-cover ratio is presently 2.8 days. Currently, 4.2% of the shares of the company 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), Paychex (PAYX), FleetCor Technologies (FLT), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), The Western Union (WU), Genpact (G), Corelogic (CLGX), Euronet Worldwide (EEFT) and MAXIMUS (MMS). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other WEX investors own include Home Depot (HD), NVIDIA (NVDA), Adobe (ADBE), ServiceNow (NOW), Paypal (PYPL), Mastercard (MA), Zoetis (ZTS), 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 retail and institutional investors. Top institutional shareholders include Bath Savings Trust Co (0.06%), Louisiana State Employees Retirement System (0.03%), Envestnet Asset Management Inc. (0.02%), Symphony Financial Ltd. Co. (0.01%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.01%) and Boyd Watterson Asset Management LLC OH (0.01%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, Joel Alan Dearborn Jr, 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 sold by a variety of institutional investors in the last quarter, including Bath Savings Trust Co, and Envestnet Asset Management Inc.. Company insiders that have sold WEX company stock in the last year include Joel Alan Dearborn Jr, Melanie J Tinto, Melissa D Smith, Nicola S Morris, Regina O Sommer, Roberto Simon, and Scott Robert Phillips. View insider buying and selling activity for WEX.

WEX stock was acquired by a variety of institutional investors in the last quarter, including Symphony Financial Ltd. Co., Boyd Watterson Asset Management LLC OH, Nelson Van Denburg & Campbell Wealth Management Group LLC, Ellevest Inc., and Louisiana State Employees Retirement System. 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 $152.55.

WEX has a market capitalization of $6.64 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.

The official website for WEX is 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]