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NYSE:WEX

WEX - WEX Stock Forecast, Price & News

$165.90
-0.11 (-0.07%)
(As of 08/11/2022 10:20 AM ET)
Add
Compare
Today's Range
$165.29
$167.42
50-Day Range
$149.61
$177.28
52-Week Range
$123.01
$197.70
Volume
1,054 shs
Average Volume
292,929 shs
Market Capitalization
$7.33 billion
P/E Ratio
38.76
Dividend Yield
N/A
Price Target
$205.73

WEX MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
23.4% 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
0.25mentions of WEX in the last 14 days
Based on 10 Articles This Week
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.

2.54 out of 5 stars

Business Services Sector

73rd out of 338 stocks

Business Services, Not Elsewhere Classified Industry

30th out of 104 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 Price Performance

Shares of NYSE:WEX traded up $1.37 during midday trading on Wednesday, hitting $165.75. 3,410 shares of the company's stock were exchanged, compared to its average volume of 375,020. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.52. The business's fifty day moving average price is $162.72 and its two-hundred day moving average price is $164.45. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 0.75 and a beta of 1.55. WEX has a 12-month low of $123.01 and a 12-month high of $197.70.

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

Analysts Set New Price Targets

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

Insider Buying and Selling at WEX

In other news, COO Robert Joseph Deshaies sold 1,200 shares of the company's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $170.16, for a total value of $204,192.00. Following the completion of the transaction, the chief operating officer now directly owns 8,827 shares in the company, valued at approximately $1,502,002.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Melanie J. Tinto sold 782 shares of WEX stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $172.22, for a total value of $134,676.04. Following the transaction, the insider now owns 6,751 shares in the company, valued at $1,162,657.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Robert Joseph Deshaies sold 1,200 shares of the business's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $170.16, for a total value of $204,192.00. Following the completion of the sale, the chief operating officer now directly owns 8,827 shares of the company's stock, valued at approximately $1,502,002.32. The disclosure for this sale can be found here. Insiders have sold 4,465 shares of company stock worth $762,355 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

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WEX Stock News Headlines

How High Can Copper Go?
To power the green revolution, copper demand continues to skyrocket with no end in sight. Prices hit a 10-year high; as copper jumped 79% in the past year. Some analysts are calling for copper to rise another 50-100%! We may be at the beginning of a copper bull run the likes we've never seen before. Just how high can copper go?
WEX Appoints Jay Dearborn Chief Strategy Officer
Reviewing WEX (NYSE:WEX) & Research Solutions (NASDAQ:RSSS)
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo?
Communist China has the USA in a resource stranglehold. They have a monopoly on this CRITICAL metal that we desperately need for military technology. In fact, both Trump AND Biden passed executive orders that addressed this crisis. And it could have a massive effect on smart investor's bank accounts.
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
8/11/2022
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
+24.0%
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
$14.13 per share
Book Value
$41.12 per share

Miscellaneous

Free Float
43,732,000
Market Cap
$7.33 billion
Optionable
Optionable
Beta
1.55














WEX Stock - Frequently Asked Questions

Should I buy or sell WEX stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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 Wall Street research analysts have issued 1-year price objectives for WEX's stock. 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 year. This suggests a possible upside of 23.9% 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 beginning of the year. Since then, WEX shares have increased by 18.2% and is now trading at $166.01.
View the best growth stocks for 2022 here
.

Are investors shorting WEX?

WEX saw a decrease in short interest in July. As of July 15th, there was short interest totaling 845,100 shares, a decrease of 18.0% from the June 30th total of 1,030,000 shares. Based on an average daily volume of 319,400 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.9% of the company's shares are short sold.
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) announced its quarterly earnings data on Thursday, July, 28th. The business services provider reported $3.28 EPS for the quarter, topping analysts' consensus estimates of $3.03 by $0.25. The business services provider earned $598.20 million during the quarter, compared to analyst estimates of $571.33 million. WEX had a trailing twelve-month return on equity of 24.68% and a net margin of 9.23%. The company's revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.93 EPS.

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

WEX issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $3.35-$3.45 for the period, compared to the consensus 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 many different institutional and retail investors. Top institutional shareholders include Brown Advisory Inc. (1.20%), Jennison Associates LLC (0.93%), Stephens Investment Management Group LLC (0.90%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.86%), Principal Financial Group Inc. (0.40%) and Loomis Sayles & Co. L P (0.36%). 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 $166.01.

How much money does WEX make?

WEX (NYSE:WEX) has a market capitalization of $7.33 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 8/11/2022 by MarketBeat.com Staff

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