WEX Inc. (NYSE:WEX) Given Consensus Rating of “Hold” by Analysts

Shares of WEX Inc. (NYSE:WEX) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the company, Marketbeat reports. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $172.70.

Several research analysts recently commented on WEX shares. Mizuho decreased their target price on shares of WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Morgan Stanley raised their price target on WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Robert W. Baird raised their target price on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Finally, JPMorgan Chase & Co. dropped their target price 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.

WEX Trading Down 1.7%

WEX stock opened at $145.83 on Thursday. The company has a market capitalization of $5.06 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 0.92 and a beta of 0.85. WEX has a one year low of $132.35 and a one year high of $186.85. The company’s 50 day moving average price is $152.78 and its two-hundred day moving average price is $153.39. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The firm had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. During the same period last year, the firm posted $3.51 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. As a group, analysts predict that WEX will post 16.49 earnings per share for the current fiscal year.

WEX announced that its board has approved a stock buyback program on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at WEX

In other news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $175.00, for a total value of $612,500.00. Following the completion of the transaction, the chief operating officer owned 22,872 shares in the company, valued at $4,002,600. This trade represents a 13.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer Kimball sold 715 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total value of $112,841.30. Following the completion of the transaction, the chief accounting officer owned 6,203 shares of the company’s stock, valued at approximately $978,957.46. The trade was a 10.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,019 shares of company stock worth $1,446,996 over the last 90 days. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEX. AQR Capital Management LLC lifted its position in WEX by 794.0% during the fourth quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock valued at $132,563,000 after buying an additional 790,271 shares during the period. Turtle Creek Asset Management Inc. purchased a new position in WEX during the third quarter valued at $93,289,000. Par Capital Management Inc. lifted its position in WEX by 21.6% during the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after buying an additional 400,500 shares during the period. Norges Bank purchased a new position in WEX during the fourth quarter valued at $50,202,000. Finally, New South Capital Management Inc. lifted its position in WEX by 627.0% during the fourth quarter. New South Capital Management Inc. now owns 268,023 shares of the business services provider’s stock valued at $39,930,000 after buying an additional 231,158 shares during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

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.