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NYSE:WEX

WEX - WEX Stock Forecast, Price & News

$184.80
+1.43 (+0.78%)
(As of 02/7/2023 10:13 AM ET)
Add
Compare
Today's Range
$182.03
▼
$184.95
50-Day Range
$158.11
▼
$190.59
52-Week Range
$125.00
▼
$194.05
Volume
38,706 shs
Average Volume
284,096 shs
Market Capitalization
$8.06 billion
P/E Ratio
83.62
Dividend Yield
N/A
Price Target
$194.08

WEX MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
5.8% Upside
$194.08 Price Target
Short Interest
Healthy
2.86% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.09
Upright™ Environmental Score
News Sentiment
0.73mentions of WEX in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$922,250 Sold Last Quarter
Proj. Earnings Growth
7.14%
From $11.63 to $12.46 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Business Services Sector

20th out of 323 stocks

Business Services, Not Elsewhere Classified Industry

12th out of 93 stocks

See Top Rated MarketRank™ Stocks Here
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.

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WEX Stock News Headlines

February 7, 2023 | msn.com
Here's how easy it is to obtain a concealed carry permit in San Francisco
February 7, 2023 | americanbankingnews.com
WEX (WEX) Set to Announce Earnings on Thursday
February 7, 2023 | Investing Trends (Ad)
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
February 6, 2023 | businessinsider.com
BANK OF AMERICA: Buy these 15 stocks that can give portfolios an extra boost when they beat earnings and sales expectations
February 3, 2023 | finance.yahoo.com
Will Wex (WEX) Beat Estimates Again in Its Next Earnings Report?
February 3, 2023 | americanbankingnews.com
WEX Inc. Forecasted to Post Q1 2023 Earnings of $3.05 Per Share (NYSE:WEX)
February 2, 2023 | americanbankingnews.com
FY2022 EPS Estimates for WEX Inc. Raised by Analyst (NYSE:WEX)
January 30, 2023 | americanbankingnews.com
Patient Portal Technologies (OTCMKTS:PPRG) vs. WEX (NYSE:WEX) Financial Survey
February 7, 2023 | Investing Trends (Ad)
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
January 28, 2023 | americanbankingnews.com
WEX (NYSE:WEX) PT Raised to $200.00
January 26, 2023 | finance.yahoo.com
WEX Inc. to Release Fourth Quarter and Full Year 2022 Financial Results on February 9, 2023
January 16, 2023 | finance.yahoo.com
2 Stocks to Benefit From Falling Inflation
January 8, 2023 | msn.com
‘This one was extremely special’ sums up the Bills’ Damar Hamlin-inspired win over the Patriots
January 8, 2023 | msn.com
Maine Game Wardens recover body of ice fisherman from Seboeis Lake
December 19, 2022 | finance.yahoo.com
At US$161, Is It Time To Put WEX Inc. (NYSE:WEX) On Your Watch List?
December 19, 2022 | benzinga.com
Chronic Pain Treatment Market Size (2022-2030)Share, Industry Trends, Growth, Challenges, and Forecast: Growth Plus Reports
December 15, 2022 | finance.yahoo.com
WEX Shares Up 13.5% in the Past Three Months: Here's How
December 12, 2022 | msn.com
Brock Purdy doing it all for 49ers against Bucs
December 6, 2022 | finance.yahoo.com
Here's Why Wex (WEX) is a Strong Value Stock
November 28, 2022 | finance.yahoo.com
Are Investors Undervaluing WEX Inc. (NYSE:WEX) By 26%?
November 28, 2022 | finance.yahoo.com
WEX launches Driver App in Australia to help SMBs save money on fuel
November 16, 2022 | finance.yahoo.com
WEX to Present at the Credit Suisse 26th Annual Technology Conference
November 10, 2022 | seekingalpha.com
WEX Inc.: Still An Attractive Secular Growth Story
November 9, 2022 | msn.com
ASK WEX: Washington Examiner readers ask our experts about Midterm results and fallout
November 8, 2022 | finance.yahoo.com
WEX Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
November 4, 2022 | finance.yahoo.com
WEX Beats on Q3 Earnings and Revenues, Raises FY22 View
November 3, 2022 | finance.yahoo.com
WEX Inc. to Present at J.P. Morgan Ultimate Services Investor Conference
See More Headlines
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WEX Company Calendar

Last Earnings
10/28/2021
Today
2/07/2023
Next Earnings (Confirmed)
2/09/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
Sector
Business Services
Current Symbol
NYSE:WEX
Previous Symbol
NYSE:WXS
CUSIP
96208T10
CIK
1309108
Web
www.wexinc.com
Phone
207-773-8171
Fax
207-828-5181
Employees
5,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$194.08
High Stock Price Forecast
$230.00
Low Stock Price Forecast
$157.00
Forecasted Upside/Downside
+5.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.21
Trailing P/E Ratio
83.62
Forward P/E Ratio
15.89
P/E Growth
0.78
Net Income
$140,000.00
Net Margins
4.53%
Pretax Margin
10.67%
Return on Equity
27.73%
Return on Assets
4.36%

Debt

Debt-to-Equity Ratio
1.62
Current Ratio
1.12
Quick Ratio
1.12

Sales & Book Value

Annual Sales
$1.85 billion
Price / Sales
4.35
Cash Flow
$13.73 per share
Price / Cash Flow
13.46
Book Value
$41.03 per share
Price / Book
4.50

Miscellaneous

Outstanding Shares
43,590,000
Free Float
43,157,000
Market Cap
$8.06 billion
Optionable
Optionable
Beta
1.60

Key Executives

  • Ms. Melissa D. SmithMs. Melissa D. Smith (Age 54)
    Chairman, Pres & CEO
    Comp: $3.11M
  • Mr. David CooperMr. David Cooper (Age 56)
    Sr. VP & Chief Technology Officer
    Comp: $913.1k
  • Mr. Robert Joseph DeshaiesMr. Robert Joseph Deshaies (Age 57)
    Chief Operating Officer of Americas
    Comp: $1.07M
  • Mr. Jagtar Narula (Age 52)
    Chief Financial Officer
  • Ms. Jennifer KimballMs. Jennifer Kimball (Age 48)
    Chief Accounting Officer
  • Mr. Steven Alan Elder (Age 54)
    Sr. VP of Global Investor Relations
  • Ms. Hilary Ann Rapkin Esq. (Age 56)
    Chief Legal Officer & Sec.
  • Ms. Ann Elena Drew J.D. (Age 52)
    Chief Risk & Compliance Officer
  • Ms. Melanie J. TintoMs. Melanie J. Tinto (Age 51)
    Chief HR Officer
  • Mr. Joel Alan Dearborn Jr.Mr. Joel Alan Dearborn Jr. (Age 44)
    Chief Strategy Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













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 twelve months. 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 2023?

11 analysts have issued 12-month target prices for WEX's shares. Their WEX share price forecasts range from $157.00 to $230.00. On average, they predict the company's stock price to reach $194.08 in the next twelve months. This suggests a possible upside of 5.8% 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 2023?

WEX's stock was trading at $163.65 at the beginning of the year. Since then, WEX shares have increased by 12.1% and is now trading at $183.37.
View the best growth stocks for 2023 here.

When is WEX's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our WEX earnings forecast.

How can I listen to WEX's earnings call?

WEX will be holding an earnings conference call on Thursday, February 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "2237921".

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) posted its earnings results on Thursday, October, 28th. The business services provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.28 by $0.17. The business services provider had revenue of $482.80 million for the quarter, compared to analyst estimates of $478.34 million. WEX had a trailing twelve-month return on equity of 27.73% and a net margin of 4.53%. WEX's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 earnings per share.

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 a variety of institutional and retail investors. Top institutional shareholders include River Road Asset Management LLC (1.28%), Stephens Investment Management Group LLC (0.82%), Pacer Advisors Inc. (0.35%), Retirement Systems of Alabama (0.15%), New York State Common Retirement Fund (0.13%) and New York State Teachers Retirement System (0.13%). 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, 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 $183.37.

How much money does WEX make?

WEX (NYSE:WEX) has a market capitalization of $7.99 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 $2.21 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 2/7/2023 by MarketBeat.com Staff