Brokerages Set WEX Inc. (NYSE:WEX) PT at $162.27

Shares of WEX Inc. (NYSE:WEX) have received a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $162.2727.

A number of brokerages recently issued reports on WEX. Mizuho lowered their price objective on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. UBS Group set a $165.00 target price on WEX and gave the stock a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Cantor Fitzgerald raised their price target on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Finally, Wall Street Zen upgraded WEX from a “hold” rating to a “buy” rating in a research report on Saturday.

Insider Activity at WEX

In other news, COO Carlos Carriedo sold 1,575 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $159.90, for a total transaction of $251,842.50. Following the sale, the chief operating officer owned 3,695 shares in the company, valued at approximately $590,830.50. This trade represents a 29.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Robert Joseph Deshaies sold 3,238 shares of WEX stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total transaction of $486,412.36. Following the sale, the chief operating officer directly owned 14,859 shares of the company’s stock, valued at $2,232,118.98. This represents a 17.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 8,375 shares of company stock valued at $1,294,567. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On WEX

A number of large investors have recently added to or reduced their stakes in WEX. Los Angeles Capital Management LLC bought a new position in shares of WEX during the 4th quarter valued at about $25,000. Quent Capital LLC purchased a new position in shares of WEX during the 3rd quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its position in WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after buying an additional 173 shares during the last quarter. Steph & Co. purchased a new stake in WEX in the third quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. boosted its stake in WEX by 162.1% in the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock worth $36,000 after buying an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Price Performance

Shares of NYSE:WEX opened at $156.76 on Friday. The company has a 50 day moving average of $157.03 and a 200 day moving average of $155.40. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86. The stock has a market cap of $5.38 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.15 and a beta of 0.97. WEX has a 12 month low of $110.45 and a 12 month high of $180.71.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.90 by $0.21. WEX had a net margin of 11.43% and a return on equity of 48.01%. The business had revenue of $672.90 million for the quarter, compared to analysts’ expectations of $660.89 million. During the same period in the prior year, the company posted $3.57 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, sell-side analysts forecast that WEX will post 14.09 EPS 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.