WEX - WEX Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WEX shares.
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9 Wall Street analysts have issued 1 year price objectives for WEX's shares. Their WEX share price forecasts range from $180.00 to $230.00. On average, they predict the company's stock price to reach $209.00 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price.
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WEX's stock was trading at $163.65 at the start of the year. Since then, WEX shares have increased by 6.9% and is now trading at $174.88.
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WEX saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 627,900 shares, a drop of 30.7% from the February 13th total of 906,000 shares. Based on an average daily volume of 333,600 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.5% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our WEX earnings forecast.

WEX Inc. (NYSE:WEX) released its quarterly earnings data on Thursday, October, 28th. The business services provider reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.17. The business services provider earned $482.80 million during the quarter, compared to analyst estimates of $478.34 million. WEX had a trailing twelve-month return on equity of 30.31% and a net margin of 8.57%. The company's quarterly revenue was up 26.4% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share.

ETFs with the largest weight of WEX (NYSE:WEX) stock in their portfolio include BlackRock Future Financial and Technology ETF (BPAY), Fidelity Crypto Industry and Digital Payments ETF (FDIG), ETFMG Prime Mobile Payments ETF (IPAY), Fidelity Women's Leadership ETF (FDWM), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM), WisdomTree U.S. Multifactor Fund (USMF) and Invesco S&P MidCap 400 Pure Growth ETF (RFG).

WEX issued an update on its first quarter 2023 earnings guidance on Thursday, February, 9th. The company provided earnings per share guidance of $3.15-$3.25 for the period, compared to the consensus estimate of $3.20. The company issued revenue guidance of $600.00 million-$610.00 million, compared to the consensus revenue estimate of $569.57 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 many different retail and institutional investors. Top institutional investors include Morgan Stanley (4.73%), JPMorgan Chase & Co. (2.98%), Neuberger Berman Group LLC (1.85%), Geode Capital Management LLC (1.57%), Bessemer Group Inc. (1.57%) and Brown Advisory Inc. (1.44%). 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, Regina O Sommer, 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 $174.88.

WEX (NYSE:WEX) has a market capitalization of $7.54 billion and generates $2.35 billion in revenue each year. The business services provider earns $201.44 million in net income (profit) each year or $4.49 on an earnings per share basis.

The company employs 4,900 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.