WEX Inc. (NYSE:WEX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of WEX Inc. (NYSE:WEX) have earned an average recommendation of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $172.9167.

WEX has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. Zacks Research cut WEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price for the company in a research note on Wednesday, October 22nd. Robert W. Baird boosted their target price on shares of WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th.

WEX Stock Up 0.5%

WEX stock opened at $153.42 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.33. WEX has a 1-year low of $110.45 and a 1-year high of $188.70. The company has a fifty day simple moving average of $149.58 and a 200 day simple moving average of $156.77. The company has a market cap of $5.26 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.14. The company had revenue of $691.80 million during the quarter, compared to the consensus estimate of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.10%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.35 EPS. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. Research analysts anticipate that WEX will post 14.09 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Robert Joseph Deshaies sold 1,506 shares of the firm’s 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 completion of the sale, the chief operating officer directly owned 15,699 shares in the company, valued at approximately $2,348,884.38. This trade represents a 8.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen Montgomery Smith purchased 1,000 shares of the stock in a transaction on Thursday, November 13th. The shares were acquired at an average cost of $144.25 per share, for a total transaction of $144,250.00. Following the transaction, the director owned 7,971 shares of the company’s stock, valued at approximately $1,149,816.75. The trade was a 14.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quent Capital LLC acquired a new stake in shares of WEX during the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in WEX by 282.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 214 shares of the business services provider’s stock worth $31,000 after acquiring an additional 158 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after acquiring an additional 173 shares during the last quarter. Steph & Co. bought a new stake in shares of WEX during the third quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. grew its position in shares of WEX by 162.1% in the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 141 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Company Profile

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.