Cantor Fitzgerald Boosts WEX (NYSE:WEX) Price Target to $166.00

WEX (NYSE:WEX) had its target price upped by investment analysts at Cantor Fitzgerald from $158.00 to $166.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 0.12% from the stock’s current price.

WEX has been the subject of a number of other reports. JPMorgan Chase & Co. cut their price objective on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Morgan Stanley set a $146.00 price target on shares of WEX in a report on Friday. Bank of America raised WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Wednesday, October 22nd. Finally, Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, WEX presently has an average rating of “Hold” and an average target price of $162.27.

WEX Trading Up 2.1%

Shares of WEX stock opened at $165.80 on Monday. The stock has a fifty day moving average price of $154.36 and a 200-day moving average price of $157.99. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $5.69 billion, a PE ratio of 19.51, a P/E/G ratio of 1.22 and a beta of 0.98. WEX has a 1 year low of $110.45 and a 1 year high of $180.71.

WEX (NYSE:WEX) last issued its quarterly earnings results 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. WEX had a return on equity of 48.01% and a net margin of 11.43%.The firm had revenue of $672.90 million for the quarter, compared to analysts’ expectations of $660.89 million. During the same quarter in the prior year, the firm earned $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. Equities research analysts anticipate that WEX will post 14.09 EPS for the current year.

Insider Buying and Selling at WEX

In other WEX news, CAO Jennifer Kimball sold 494 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the transaction, the chief accounting officer owned 3,671 shares in the company, valued at $555,789.40. This trade represents a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen Montgomery Smith bought 1,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of $144.25 per share, with a total value of $144,250.00. Following the acquisition, the director owned 7,971 shares in the company, valued at approximately $1,149,816.75. This trade represents a 14.35% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WEX

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lightrock Netherlands B.V. lifted its position in shares of WEX by 19.7% during the third quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock worth $6,900,000 after purchasing an additional 7,200 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in WEX by 52.2% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 22,682 shares of the business services provider’s stock worth $3,573,000 after buying an additional 7,784 shares during the period. Norges Bank bought a new stake in WEX during the 2nd quarter valued at about $42,812,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in WEX in the 2nd quarter valued at about $338,000. Finally, Federated Hermes Inc. boosted its position in WEX by 6.6% in the 2nd quarter. Federated Hermes Inc. now owns 402,123 shares of the business services provider’s stock valued at $59,068,000 after buying an additional 25,047 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.