WEX (NYSE:WEX) Downgraded to Hold Rating by Wall Street Zen

WEX (NYSE:WEXGet Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

WEX has been the subject of a number of other research reports. Morgan Stanley set a $146.00 price objective on WEX in a research report on Friday. Mizuho cut their price target on WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a report on Friday. UBS Group set a $165.00 price objective on WEX and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research report on Wednesday, January 21st. Finally, 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 report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, WEX presently has a consensus rating of “Hold” and a consensus target price of $161.55.

Check Out Our Latest Stock Analysis on WEX

WEX Stock Up 7.2%

NYSE WEX opened at $159.28 on Friday. WEX has a 12 month low of $110.45 and a 12 month high of $180.71. 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 $5.46 billion, a PE ratio of 18.74, a P/E/G ratio of 1.11 and a beta of 0.98. The stock’s 50 day moving average is $153.66 and its 200 day moving average is $158.19.

WEX (NYSE:WEXGet Free Report) last released its quarterly earnings data on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $672.90 million for the quarter, compared to analysts’ expectations of $660.89 million. During the same quarter last year, the business posted $3.57 earnings per share. The company’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. Research analysts predict that WEX will post 14.09 EPS for the current fiscal year.

Insider Activity

In other news, Director Stephen Montgomery Smith purchased 1,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $144.25 per share, for a total transaction of $144,250.00. Following the completion of the acquisition, the director owned 7,971 shares of the company’s stock, valued at approximately $1,149,816.75. This trade represents a 14.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Robert Joseph Deshaies sold 1,506 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $149.62, for a total value of $225,327.72. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On WEX

Institutional investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its position in WEX by 1.9% during the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 60 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of WEX by 0.7% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,615 shares of the business services provider’s stock valued at $1,515,000 after purchasing an additional 70 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of WEX by 3.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock valued at $403,000 after purchasing an additional 74 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in WEX by 1.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,985 shares of the business services provider’s stock worth $785,000 after buying an additional 94 shares during the last quarter. Finally, First Horizon Corp grew its stake in WEX by 65.7% during the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

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WEX Company Profile

(Get Free Report)

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.

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