WEX - WEX Stock Forecast, Price & News

11 Wall Street 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 research analysts is that investors should "buy" WEX shares.
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11 brokers have issued 1 year target prices for WEX's stock. Their WEX share price forecasts range from $157.00 to $230.00. On average, they anticipate the company's share price to reach $194.08 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
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WEX's stock was trading at $163.65 on January 1st, 2023. Since then, WEX shares have increased by 15.1% and is now trading at $188.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our WEX earnings forecast.

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".

WEX Inc. (NYSE:WEX) posted its quarterly 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 analysts' expectations of $478.34 million. WEX had a net margin of 4.53% and a trailing twelve-month return on equity of 27.73%. The business's revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 EPS.

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 a number of institutional and retail investors. Top institutional investors include River Road Asset Management LLC (1.28%), Stephens Investment Management Group LLC (0.82%), New York State Common Retirement Fund (0.13%), New York State Teachers Retirement System (0.13%), Peregrine Capital Management LLC (0.13%) and Cambiar Investors LLC (0.12%). 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.
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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 $188.41.

WEX (NYSE:WEX) has a market capitalization of $8.21 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.

The company employs 5,600 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.