NYSE:WEX

WEX Stock Forecast, Price & News

$226.34
-2.68 (-1.17 %)
(As of 04/19/2021 05:01 PM ET)
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Today's Range
$224.32
Now: $226.34
$230.14
50-Day Range
$206.46
MA: $216.63
$228.44
52-Week Range
$100.53
Now: $226.34
$234.64
Volume222,941 shs
Average Volume350,769 shs
Market Capitalization$10.00 billion
P/E Ratio79.14
Dividend YieldN/A
Beta1.86
WEX Inc. provides financial technology services in North 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; 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 processing solutions for 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 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. 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.
WEX logo

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
CUSIP96208T10
Phone207-773-8171
Employees5,300
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.72 billion
Cash Flow$21.39 per share
Book Value$44.73 per share

Profitability

Net Income$99.01 million

Miscellaneous

Market Cap$10.00 billion
Next Earnings Date4/29/2021 (Confirmed)
OptionableOptionable

Headlines

WEX Gives Mixed Fleets More Fueling Options
April 19, 2021 |  finance.yahoo.com
WEX (NYSE:WEX) Rating Increased to Outperform at Cowen
April 19, 2021 |  americanbankingnews.com
Etsy (NASDAQ:ETSY) vs. WEX (NYSE:WEX) Head to Head Review
April 17, 2021 |  americanbankingnews.com
WEX buys benefitexpress for $275M - Seeking Alpha
April 14, 2021 |  seekingalpha.com
WEX Acquires benefitexpress For $275M - Yahoo Finance
April 14, 2021 |  finance.yahoo.com
WEX Acquires benefitexpress For $275M
April 14, 2021 |  finance.yahoo.com
WEX Acquires benefitexpress For $275M - Benzinga
April 14, 2021 |  benzinga.com
WEX (NYSE:WEX) Earns "Buy" Rating from Robert W. Baird
April 14, 2021 |  americanbankingnews.com
Cowen Upgrades WEX (NYSE:WEX) to "Outperform"
April 12, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

1.64 out of 5 stars

Business Services Sector

81st out of 442 stocks

Business Services, Not Elsewhere Classified Industry

41st out of 192 stocks

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$226.34
-2.68 (-1.17 %)
(As of 04/19/2021 05:01 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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WEX (NYSE:WEX) Frequently Asked Questions

Is WEX a buy right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WEX stock.
View analyst ratings for WEX
or view top-rated stocks.

What stocks does MarketBeat like better than WEX?

Wall Street analysts have given WEX a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but WEX wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is WEX's next earnings date?

WEX is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for WEX
.

How can I listen to WEX's earnings call?

WEX will be holding an earnings conference call on Thursday, April 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) announced its quarterly earnings results on Wednesday, February, 24th. The business services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.21. The business services provider earned $398.99 million during the quarter, compared to analyst estimates of $386.53 million. WEX had a trailing twelve-month return on equity of 16.87% and a net margin of 7.47%.
View WEX's earnings history
.

How has WEX's stock been impacted by Coronavirus?

WEX's stock was trading at $135.82 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WEX stock has increased by 66.6% and is now trading at $226.34.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for WEX?

16 equities research analysts have issued 12-month price targets for WEX's shares. Their forecasts range from $150.00 to $268.00. On average, they expect WEX's stock price to reach $209.87 in the next year. This suggests that the stock has a possible downside of 7.3%.
View analysts' price targets for WEX
or view top-rated stocks among Wall Street analysts.

Who are WEX's key executives?

WEX's management team includes the following people:
  • Ms. Melissa D. Smith, Chairman, Pres & CEO (Age 52, Pay $1.85M)
  • Mr. Roberto R. Simon, Chief Financial Officer (Age 47, Pay $930.59k)
  • Mr. Scott Robert Phillips, Pres of Global Fleet (Age 51, Pay $883.61k)
  • Mr. Joel Alan Dearborn Jr., Pres of Corp. Payments (Age 42, Pay $698.34k)
  • Mr. Robert Joseph Deshaies, Pres of Health Division (Age 55, Pay $844.21k)
  • Mr. Kenneth W. Janosick, Chief Portfolio Risk & Operations Officer (Age 59)
  • Mr. David Cooper, Chief Technology Officer (Age 54)
  • Mr. Steven Alan Elder, Sr. VP of Global Investor Relations (Age 52)
  • Ms. Hilary Ann Rapkin, Chief Legal Officer & Sec. (Age 54)
  • Ms. Ann Elena Drew J.D., Chief Risk & Compliance Officer

What is Melissa Smith's approval rating as WEX's CEO?

116 employees have rated WEX CEO Melissa Smith on Glassdoor.com. Melissa Smith has an approval rating of 95% among WEX's employees. This puts Melissa Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), ServiceNow (NOW), PayPal (PYPL), Mastercard (MA), Shopify (SHOP), CrowdStrike (CRWD), Square (SQ), The 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 Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (1.01%), Retirement Systems of Alabama (0.16%), Bath Savings Trust Co (0.05%), Pacer Advisors Inc. (0.03%), Louisiana State Employees Retirement System (0.03%) and State of Alaska Department of Revenue (0.02%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Joel Alan Dearborn Jr, Kenneth Janosick, 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, Pacer Advisors Inc., First Bank & Trust, State of Alaska Department of Revenue, and Bath Savings Trust Co. Company insiders that have sold WEX company stock in the last year include David G Cooper, Hilary A Rapkin, Joel Alan Dearborn Jr, Kenneth Janosick, Melissa D Smith, Roberto Simon, and Scott Robert Phillips.
View insider buying and selling activity for WEX
or view top insider-selling stocks.

Which institutional investors are buying WEX stock?

WEX stock was acquired by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Louisiana State Employees Retirement System, International Assets Investment Management LLC, Chicago Capital LLC, and Crossmark Global Holdings Inc..
View insider buying and selling activity for WEX
or or view top insider-buying stocks.

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 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 $226.34.

How much money does WEX make?

WEX has a market capitalization of $10.00 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.

How many employees does WEX have?

WEX employs 5,300 workers across the globe.

What is WEX's official website?

The official website for WEX is www.wexinc.com.

Where are WEX's headquarters?

WEX is headquartered at 1 Hancock Street, SOUTH PORTLAND ME, 04101.

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 4/19/2021 by MarketBeat.com Staff
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