NYSE:WEX - WEX Stock Price, Forecast & News

WEX's stock was trading at $135.82 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WEX stock has decreased by 19.9% and is now trading at $108.78. View which stocks have been mosted impacted by Coronavirus.

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

WEX is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for WEX.

WEX Inc (NYSE:WEX) issued its earnings results on Thursday, February, 13th. The business services provider reported $2.61 EPS for the quarter, beating the Zacks' consensus estimate of $2.56 by $0.05. The business services provider had revenue of $440.05 million for the quarter, compared to analyst estimates of $455.69 million. WEX had a net margin of 5.74% and a return on equity of 19.61%. The business's revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.02 EPS. View WEX's earnings history.

WEX issued an update on its FY20 earnings guidance on Thursday, February, 13th. The company provided EPS guidance of $10.15 to $10.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.55. The company issued revenue guidance of $1.86 billion to $1.90 billion, compared to the consensus revenue estimate of $1.93 billion.

16 brokers have issued 12 month price targets for WEX's shares. Their forecasts range from $167.00 to $260.00. On average, they expect WEX's share price to reach $223.13 in the next twelve months. This suggests a possible upside of 105.1% from the stock's current price. View analysts' price targets for WEX.

Media stories about WEX stock have trended somewhat positive recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. WEX earned a news sentiment score of 1.8 on InfoTrie's scale. They also gave media stories about the business services provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View the latest news aboutWEX.

WEX saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,877,300 shares, an increase of 26.8% from the February 27th total of 1,480,000 shares. Based on an average trading volume of 418,100 shares, the short-interest ratio is currently 4.5 days. Currently, 4.4% of the shares of the stock are short sold. 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), Total System Services (TSS), Paychex (PAYX), FleetCor Technologies (FLT), Jack Henry & Associates (JKHY), Broadridge Financial Solutions (BR), The Western Union (WU), Genpact (G), Euronet Worldwide (EEFT) and MAXIMUS (MMS).

Based on aggregate information from My MarketBeat watchlists, some companies that other WEX investors own include Home Depot (HD), NVIDIA (NVDA), Adobe (ADBE), Paypal (PYPL), Zoetis (ZTS), Mastercard (MA), ServiceNow (NOW), 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 many different institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (8.25%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.85%), State Street Corp (2.34%), William Blair Investment Management LLC (2.01%), Echo Street Capital Management LLC (1.18%) and Bank of New York Mellon Corp (1.14%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, 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 Victory Capital Management Inc., Victory Capital Management Inc., Jupiter Asset Management Ltd., Braun Stacey Associates Inc., FMR LLC, First Trust Advisors LP, Bank of New York Mellon Corp, and PNC Financial Services Group Inc.. Company insiders that have sold WEX company stock in the last year include Hilary A Rapkin, Melissa D Smith, Michael E Dubyak, Nicola S Morris, Regina O Sommer, Roberto Simon, Rowland Moriarty, and Scott Robert Phillips. View insider buying and selling activity for WEX.

WEX stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Nuveen Asset Management LLC, Bain Capital Public Equity Management II LLC, Echo Street Capital Management LLC, UBS Group AG, Bank of America Corp DE, TD Asset Management Inc., and Blair William & Co. IL. 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 $108.78.

WEX has a market capitalization of $4.71 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. View additional information about WEX.

The official website for WEX is http://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]