NYSE:WEXWEX Stock Price, Forecast & News

WEX's stock was trading at $135.82 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WEX stock has decreased by 9.5% and is now trading at $122.98. View which stocks have been most impacted by Coronavirus.

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

WEX is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for WEX.

WEX Inc (NYSE:WEX) released its earnings results on Thursday, February, 13th. The business services provider reported $2.61 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.56 by $0.05. The business services provider earned $440.05 million during the quarter, compared to the consensus estimate of $455.69 million. WEX had a net margin of 5.74% and a return on equity of 19.61%. The company's revenue was up 15.4% compared to the same quarter last year. During the same period last year, the company earned $2.02 earnings per share. View WEX's earnings history.

WEX updated its FY20 earnings guidance on Thursday, February, 13th. The company provided earnings per share (EPS) guidance of $10.15 to $10.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $10.55. The company issued revenue guidance of $1.86 billion to $1.90 billion, compared to the consensus revenue estimate of $1.93 billion.

16 equities research analysts have issued 12 month target prices for WEX's shares. Their forecasts range from $100.00 to $260.00. On average, they anticipate WEX's stock price to reach $215.13 in the next twelve months. This suggests a possible upside of 74.9% from the stock's current price. View analysts' price targets for WEX.

News coverage about WEX stock has been trending very negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news 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 daily sentiment score of -3.3 on InfoTrie's scale. They also assigned press coverage about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutWEX.

WEX saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,877,300 shares, an increase of 26.8% from the February 27th total of 1,480,000 shares. Based on an average daily trading volume, of 418,100 shares, the short-interest ratio is presently 4.5 days. Currently, 4.4% of the company's shares 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), Total System Services (TSS), FleetCor Technologies (FLT), Jack Henry & Associates (JKHY), Broadridge Financial Solutions (BR), The Western Union (WU), Genpact (G), Euronet Worldwide (EEFT) and MAXIMUS (MMS).

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), Zoetis (ZTS), Paypal (PYPL), Mastercard (MA), 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 variety of institutional and retail investors. Top institutional shareholders include Bath Savings Trust Co (0.06%) and State of Alaska Department of Revenue (0.02%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, 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 acquired by a variety of institutional investors in the last quarter, including Bath Savings Trust Co, and State of Alaska Department of Revenue. 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 $122.98.

WEX has a market capitalization of $5.33 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. View additional information about WEX.

The official website for WEX is http://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]