NYSE:WEXWEX Stock Price, Forecast & News

WEX's stock was trading at $135.82 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WEX shares have increased by 19.6% and is now trading at $162.45. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for WEX.

WEX is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for WEX.

WEX Inc (NYSE:WEX) posted its quarterly earnings results on Thursday, May, 7th. The business services provider reported $1.81 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.05 by $0.24. The business services provider earned $431.70 million during the quarter, compared to analysts' expectations of $427.21 million. WEX had a return on equity of 19.68% and a net margin of 3.76%. WEX's quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 EPS. View WEX's earnings history.

14 analysts have issued 12 month target prices for WEX's stock. Their forecasts range from $147.00 to $260.00. On average, they anticipate WEX's stock price to reach $201.50 in the next twelve months. This suggests a possible upside of 24.0% from the stock's current price. View analysts' price targets for WEX.

Press coverage about WEX stock has been trending extremely negative recently, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. WEX earned a news impact score of -5.0 on InfoTrie's scale. They also gave media coverage about the business services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutWEX.

WEX saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,750,000 shares, an increase of 15.9% from the April 30th total of 1,510,000 shares. Based on an average daily volume of 749,300 shares, the short-interest ratio is presently 2.3 days. Currently, 4.1% of the company's stock are sold short. 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), FleetCor Technologies (FLT), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), The Western Union (WU), Genpact (G), Euronet Worldwide (EEFT), MAXIMUS (MMS) and Corelogic (CLGX). View all competitors.

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), Paypal (PYPL), Mastercard (MA), Zoetis (ZTS), 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 Wellington Management Group LLP (9.45%), BlackRock Inc. (9.04%), Janus Henderson Group PLC (7.89%), Atlanta Capital Management Co. L L C (5.86%), JPMorgan Chase & Co. (3.53%) and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.63%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, Joel Alan Dearborn Jr, 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 sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Frontier Capital Management Co. LLC, TimesSquare Capital Management LLC, Invesco Ltd., Janus Henderson Group PLC, Loomis Sayles & Co. L P, State of Michigan Retirement System, and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA. Company insiders that have sold WEX company stock in the last year include Joel Alan Dearborn Jr, Melanie J Tinto, Melissa D Smith, Nicola S Morris, Regina O Sommer, Roberto Simon, and Scott Robert Phillips. View insider buying and selling activity for WEX.

WEX stock was purchased by a variety of institutional investors in the last quarter, including Bessemer Group Inc., FDx Advisors Inc., FDx Advisors Inc., JPMorgan Chase & Co., Atlanta Capital Management Co. L L C, Balyasny Asset Management LLC, Wellington Management Group LLP, and Jane Street Group LLC. 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 $162.45.

WEX has a market capitalization of $7.07 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.

The official website for WEX is 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]