S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Day of Financial Reckoning Is Near (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
The Day of Financial Reckoning Is Near (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Day of Financial Reckoning Is Near (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
The Day of Financial Reckoning Is Near (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Day of Financial Reckoning Is Near (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
The Day of Financial Reckoning Is Near (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Day of Financial Reckoning Is Near (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
The Day of Financial Reckoning Is Near (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
NYSE:WEX

WEX - WEX Stock Forecast, Price & News

$167.54
+1.75 (+1.06%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$165.56
$167.68
50-Day Range
$149.61
$177.28
52-Week Range
$123.01
$197.70
Volume
148,922 shs
Average Volume
297,140 shs
Market Capitalization
$7.40 billion
P/E Ratio
39.14
Dividend Yield
N/A
Price Target
$205.73

WEX MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
22.8% Upside
$205.73 Price Target
Short Interest
Healthy
2.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.09
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$762,355 Sold Last Quarter
Proj. Earnings Growth
7.87%
From $11.81 to $12.74 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Business Services Sector

89th out of 338 stocks

Business Services, Not Elsewhere Classified Industry

35th out of 105 stocks

WEX stock logo

About WEX (NYSE:WEX) Stock

WEX Inc. provides financial technology services in the United States and internationally. 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; 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 and indirectly 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 solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. 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. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. 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 Up 1.1 %

Shares of NYSE:WEX opened at $167.54 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.52. WEX has a 12 month low of $123.01 and a 12 month high of $197.70. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 0.74 and a beta of 1.55. The business has a 50-day moving average of $162.42 and a 200-day moving average of $164.82.

WEX (NYSE:WEX - Get Rating) last released its earnings results on Thursday, July 28th. The business services provider reported $3.28 earnings per share for the quarter, topping analysts' consensus estimates of $3.03 by $0.25. WEX had a return on equity of 24.68% and a net margin of 9.23%. The company had revenue of $598.20 million during the quarter, compared to the consensus estimate of $571.33 million. During the same quarter in the previous year, the company posted $1.93 EPS. WEX's quarterly revenue was up 30.2% compared to the same quarter last year. Sell-side analysts expect that WEX will post 11.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on WEX. Mizuho increased their price target on shares of WEX from $212.00 to $220.00 and gave the company a "buy" rating in a research note on Monday, August 1st. Evercore ISI reissued an "outperform" rating and issued a $230.00 price objective on shares of WEX in a research report on Thursday, June 2nd. Citigroup upgraded shares of WEX from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $190.00 to $210.00 in a research report on Thursday, June 9th. Barclays lifted their price target on WEX from $217.00 to $220.00 and gave the stock an "overweight" rating in a report on Monday, August 1st. Finally, Wells Fargo & Company dropped their price objective on shares of WEX to $206.00 in a research note on Friday, July 22nd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, WEX has an average rating of "Moderate Buy" and a consensus price target of $205.73.

Insider Buying and Selling at WEX

In related news, CAO Jennifer Kimball sold 1,719 shares of the business's stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $171.09, for a total transaction of $294,103.71. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Jennifer Kimball sold 1,719 shares of the stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $171.09, for a total value of $294,103.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert Joseph Deshaies sold 1,200 shares of the firm's stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $170.16, for a total value of $204,192.00. Following the transaction, the chief operating officer now owns 8,827 shares of the company's stock, valued at $1,502,002.32. The disclosure for this sale can be found here. Insiders sold 4,465 shares of company stock valued at $762,355 in the last quarter. Company insiders own 1.00% of the company's stock.

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WEX Stock News Headlines

WEX Appoints Jay Dearborn Chief Strategy Officer
Reviewing WEX (NYSE:WEX) & Research Solutions (NASDAQ:RSSS)
WEX (NYSE:WEX) PT Raised to $220.00 at Barclays
WEX (NYSE:WEX) PT Raised to $185.00
Brokerages Set WEX Inc. (NYSE:WEX) Target Price at $206.69
WEX Inc. PT Raised to $210 at Wells Fargo
Form 8-K WEX Inc. For: Jul 28 - StreetInsider.com
See More Headlines
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WEX Company Calendar

Last Earnings
7/28/2022
Today
8/14/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
CUSIP
96208T10
Employees
5,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$205.73
High Stock Price Forecast
$233.00
Low Stock Price Forecast
$180.00
Forecasted Upside/Downside
+22.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$140,000.00
Pretax Margin
16.81%

Debt

Sales & Book Value

Annual Sales
$1.85 billion
Cash Flow
$14.00 per share
Book Value
$41.12 per share

Miscellaneous

Free Float
43,732,000
Market Cap
$7.40 billion
Optionable
Optionable
Beta
1.55














WEX Stock - Frequently Asked Questions

Should I buy or sell WEX stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WEX shares.
View WEX analyst ratings
or view top-rated stocks.

What is WEX's stock price forecast for 2022?

11 brokers have issued twelve-month target prices for WEX's shares. Their WEX share price forecasts range from $180.00 to $233.00. On average, they anticipate the company's stock price to reach $205.73 in the next twelve months. This suggests a possible upside of 22.8% 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 2022?

WEX's stock was trading at $140.39 at the start of the year. Since then, WEX shares have increased by 19.3% and is now trading at $167.54.
View the best growth stocks for 2022 here
.

Are investors shorting WEX?

WEX saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 845,100 shares, a drop of 18.0% from the June 30th total of 1,030,000 shares. Based on an average trading volume of 319,400 shares, the days-to-cover ratio is currently 2.6 days. Currently, 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, October 27th 2022.
View our WEX earnings forecast
.

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) issued its quarterly earnings data on Thursday, July, 28th. The business services provider reported $3.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.03 by $0.25. The business services provider had revenue of $598.20 million for the quarter, compared to the consensus estimate of $571.33 million. WEX had a trailing twelve-month return on equity of 24.68% and a net margin of 9.23%. WEX's revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the business posted $1.93 earnings per share.

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

WEX updated its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $3.35-$3.45 for the period, compared to the consensus earnings per share estimate of $3.30. The company issued revenue guidance of $580.00 million-$590.00 million, compared to the consensus revenue estimate of $571.58 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).

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 number of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (3.07%), Primecap Management Co. CA (2.60%), FMR LLC (1.35%), Brown Advisory Inc. (1.20%), Jennison Associates LLC (0.93%) and Stephens Investment Management Group LLC (0.90%). Insiders that own company stock include David G Cooper, Hilary A Rapkin, Jennifer Kimball, Joel Alan Dearborn Jr, Kenneth Janosick, Melanie J Tinto, Melissa D Smith, Nicola S Morris, Regina O Sommer, Robert Joseph Deshaies, Roberto Simon and Scott Robert Phillips.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is WEX's stock price today?

One share of WEX stock can currently be purchased for approximately $167.54.

How much money does WEX make?

WEX (NYSE:WEX) has a market capitalization of $7.40 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 $4.28 on an earnings per share basis.

How many employees does WEX have?

The company employs 5,600 workers across the globe.

How can I contact WEX?

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.

This page (NYSE:WEX) was last updated on 8/14/2022 by MarketBeat.com Staff

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