Analysts Set WEX Inc. (NYSE:WEX) Target Price at $162.27

Shares of WEX Inc. (NYSE:WEX) have earned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $162.2727.

WEX has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their price target on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. UBS Group set a $165.00 target price on WEX and gave the company a “neutral” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. reduced their price target on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Morgan Stanley set a $146.00 price objective on shares of WEX in a research note on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st.

Insider Buying and Selling at WEX

In other WEX news, CAO Jennifer Kimball sold 494 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $151.40, for a total value of $74,791.60. Following the transaction, the chief accounting officer directly owned 3,671 shares of the company’s stock, valued at $555,789.40. This represents a 11.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert Joseph Deshaies sold 1,506 shares of WEX stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $149.62, for a total value of $225,327.72. Following the sale, the chief operating officer owned 15,699 shares of the company’s stock, valued at approximately $2,348,884.38. This represents a 8.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,607 shares of company stock worth $723,274 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WEX

Several hedge funds have recently bought and sold shares of the business. Lightrock Netherlands B.V. grew its stake in WEX by 19.7% in the 3rd quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock valued at $6,900,000 after buying an additional 7,200 shares during the last quarter. CenterBook Partners LP bought a new position in WEX during the third quarter worth $3,164,000. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in WEX by 52.2% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 22,682 shares of the business services provider’s stock valued at $3,573,000 after purchasing an additional 7,784 shares during the last quarter. Norges Bank bought a new stake in WEX in the 2nd quarter valued at $42,812,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in WEX in the 2nd quarter worth $338,000. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Stock Down 2.6%

WEX stock opened at $154.90 on Tuesday. WEX has a 12 month low of $110.45 and a 12 month high of $180.71. The firm has a market cap of $5.31 billion, a PE ratio of 18.22, a P/E/G ratio of 1.23 and a beta of 0.98. The firm has a 50 day simple moving average of $155.10 and a 200 day simple moving average of $157.48. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.21. The company had revenue of $672.90 million during the quarter, compared to the consensus estimate of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.57 EPS. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. Equities research analysts forecast that WEX will post 14.09 earnings per share for the current fiscal year.

About WEX

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.