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WEX Stock Forecast, Price & News

-0.47 (-0.33 %)
(As of 09/23/2020 12:00 AM ET)
Today's Range
Now: $140.74
50-Day Range
MA: $156.64
52-Week Range
Now: $140.74
Volume526,648 shs
Average Volume556,174 shs
Market Capitalization$6.21 billion
P/E Ratio49.21
Dividend YieldN/A
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; and merchant services, as well as offers ClearView analytics platform, a Web-based data analytics platform that offers insights to fleet managers and SmartHub mobile application for business managers to access their account information. 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 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.77 out of 5 stars

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services



Sales & Book Value

Annual Sales$1.72 billion
Cash Flow$13.30 per share
Book Value$44.73 per share


Net Income$99.01 million


Market Cap$6.21 billion
Next Earnings Date10/29/2020 (Estimated)
-0.47 (-0.33 %)
(As of 09/23/2020 12:00 AM 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 COVID-19?

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 3.6% and is now trading at $140.74.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of WEX?

17 Wall Street 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, resulting in a consensus recommendation of "Hold."
View analyst ratings for WEX

When is WEX's next earnings date?

WEX is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for WEX

How were WEX's earnings last quarter?

WEX Inc (NYSE:WEX) issued its quarterly earnings results on Thursday, July, 30th. The business services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.24 by $0.03. The business services provider had revenue of $347.08 million for the quarter, compared to analysts' expectations of $353.05 million. WEX had a return on equity of 16.87% and a net margin of 7.47%.
View WEX's earnings history

What price target have analysts set for WEX?

17 brokerages have issued twelve-month price objectives for WEX's stock. Their forecasts range from $150.00 to $260.00. On average, they expect WEX's stock price to reach $197.76 in the next twelve months. This suggests a possible upside of 40.5% from the stock's current price.
View analysts' price targets for WEX

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), Paypal (PYPL), Shopify (SHOP), ServiceNow (NOW), Mastercard (MA), Crowdstrike (CRWD), Home Depot (HD), Okta (OKTA), Zoom Video Communications (ZM) and Netflix (NFLX).

Who are WEX's key executives?

WEX's management team includes the following people:
  • Mr. Michael E. Dubyak, Chairman (Age 68)
  • Ms. Melissa D. Smith, CEO, Pres & Director (Age 50)
  • Mr. Roberto R. Simon, Chief Financial Officer (Age 45)
  • Ms. Melanie J. Tinto, Chief HR Officer (Age 47)
  • Mr. Jeffrey Alan Young, Pres of Health (Age 53)

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 Vanguard Group Inc. (9.32%), Neuberger Berman Group LLC (3.79%), William Blair Investment Management LLC (1.98%), Bessemer Group Inc. (1.96%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (1.55%) and FMR LLC (1.24%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, 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

Which institutional 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, TimesSquare Capital Management LLC, Bank of New York Mellon Corp, Federated Hermes Inc., Blair William & Co. IL, Vanguard Group Inc., FMR LLC, and Man Group plc. 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, and Roberto Simon.
View insider buying and selling activity for WEX

Which institutional investors are buying WEX stock?

WEX stock was bought by a variety of institutional investors in the last quarter, including Bessemer Group Inc., Ardevora Asset Management LLP, Wasatch Advisors Inc., Neuberger Berman Group LLC, Marshall Wace North America L.P., Goldman Sachs Group Inc., WCM Investment Management LLC, and Two Sigma Advisers LP.
View insider buying and selling activity for WEX

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 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 $140.74.

How big of a company is WEX?

WEX has a market capitalization of $6.21 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 9/24/2020 by MarketBeat.com Staff

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