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NYSE:WEX

WEX - WEX Stock Forecast, Price & News

$164.72
+0.76 (+0.46%)
(As of 11/30/2022 11:15 AM ET)
Add
Compare
Today's Range
$163.80
$165.12
50-Day Range
$126.67
$166.42
52-Week Range
$123.01
$183.38
Volume
3,947 shs
Average Volume
318,388 shs
Market Capitalization
$7.18 billion
P/E Ratio
74.53
Dividend Yield
N/A
Price Target
$190.42

WEX MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
16.1% Upside
$190.42 Price Target
Short Interest
Healthy
2.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.09
Upright™ Environmental Score
News Sentiment
0.47mentions of WEX in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.18 M 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.

2.88 out of 5 stars

Business Services Sector

30th out of 331 stocks

Business Services, Not Elsewhere Classified Industry

15th out of 95 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.

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WEX Stock News Headlines

Are Investors Undervaluing WEX Inc. (NYSE:WEX) By 26%?
WEX Inc.: Still An Attractive Secular Growth Story
WEX Beats on Q3 Earnings and Revenues, Raises FY22 View
Impactive Capital backs WEX to use M&A to bolster value
See More Headlines
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WEX Company Calendar

Last Earnings
10/28/2021
Today
11/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/09/2023

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
$190.42
High Stock Price Forecast
$230.00
Low Stock Price Forecast
$157.00
Forecasted Upside/Downside
+15.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$140,000.00
Pretax Margin
10.67%

Debt

Sales & Book Value

Annual Sales
$1.85 billion
Cash Flow
$14.44 per share
Book Value
$37.42 per share

Miscellaneous

Free Float
43,157,000
Market Cap
$7.18 billion
Optionable
Optionable
Beta
1.63

Key Executives

  • Ms. Melissa D. SmithMs. Melissa D. Smith (Age 53)
    Chairman, Pres & CEO
    Comp: $3.11M
  • Mr. David  CooperMr. David Cooper (Age 55)
    Sr. VP & Chief Technology Officer
    Comp: $913.1k
  • Mr. Robert Joseph DeshaiesMr. Robert Joseph Deshaies (Age 56)
    Chief Operating Officer of Americas
    Comp: $1.07M
  • Mr. Jagtar Narula (Age 51)
    Chief Financial Officer
  • Ms. Jennifer  KimballMs. Jennifer Kimball (Age 47)
    Chief Accounting Officer
  • Mr. Steven Alan Elder (Age 53)
    Sr. VP of Global Investor Relations
  • Ms. Hilary Ann Rapkin Esq. (Age 55)
    Chief Legal Officer & Sec.
  • Ms. Ann Elena Drew J.D. (Age 51)
    Chief Risk & Compliance Officer
  • Ms. Melanie J. TintoMs. Melanie J. Tinto (Age 50)
    Chief HR Officer
  • Mr. Joel Alan Dearborn Jr.Mr. Joel Alan Dearborn Jr. (Age 43)
    Chief Strategy Officer













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 2023?

11 Wall Street research analysts have issued 1 year price objectives for WEX's stock. Their WEX share price forecasts range from $157.00 to $230.00. On average, they expect the company's share price to reach $190.42 in the next twelve months. This suggests a possible upside of 16.1% 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 2022. Since then, WEX shares have increased by 16.8% and is now trading at $163.96.
View the best growth stocks for 2022 here
.

Are investors shorting WEX?

WEX saw a increase in short interest in November. As of November 15th, there was short interest totaling 1,150,000 shares, an increase of 18.8% from the October 31st total of 967,900 shares. Based on an average daily volume of 368,700 shares, the days-to-cover ratio is currently 3.1 days. Currently, 2.7% of the shares of the company 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, February 9th 2023.
View our WEX earnings forecast
.

How were WEX's earnings last quarter?

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

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

WEX updated its fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of $3.15-$3.25 for the period, compared to the consensus estimate of $3.18. The company issued revenue guidance of $570.00 million-$580.00 million, compared to the consensus revenue estimate of $562.81 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.75%), BlackRock Inc. (9.03%), Impactive Capital LP (4.95%), Par Capital Management Inc. (4.24%), State Street Corp (2.72%) and Primecap Management Co. CA (2.51%). 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 $163.96.

How much money does WEX make?

WEX (NYSE:WEX) has a market capitalization of $7.15 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 11/30/2022 by MarketBeat.com Staff