WEX (NYSE:WEX) Raised to Buy at Wall Street Zen

WEX (NYSE:WEX) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also recently issued reports on the stock. Cantor Fitzgerald upped their price target on shares of WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Morgan Stanley set a $146.00 price objective on shares of WEX in a research note on Friday, February 6th. JPMorgan Chase & Co. decreased 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. Mizuho lowered their target price on WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Finally, UBS Group set a $165.00 target price on WEX and gave the stock a “neutral” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, WEX has an average rating of “Hold” and an average price target of $162.27.

WEX Stock Up 3.3%

NYSE WEX opened at $156.76 on Friday. The business has a fifty day moving average price of $157.03 and a two-hundred day moving average price of $155.40. The stock has a market capitalization of $5.38 billion, a PE ratio of 18.44, a PEG ratio of 1.15 and a beta of 0.97. WEX has a fifty-two week low of $110.45 and a fifty-two week high of $180.71. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share for the quarter, topping the consensus estimate of $3.90 by $0.21. The company had revenue of $672.90 million for the quarter, compared to analysts’ expectations of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.57 earnings per share. 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 analysts expect that WEX will post 14.09 earnings per share for the current fiscal year.

Insider Activity

In other WEX news, insider Sara Trickett sold 1,815 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $149.95, for a total transaction of $272,159.25. Following the sale, the insider owned 2,137 shares of the company’s stock, valued at approximately $320,443.15. This represents a 45.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jennifer Kimball sold 715 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total value of $112,841.30. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 8,375 shares of company stock valued at $1,294,567. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new stake in shares of WEX during the 4th quarter valued at about $25,000. Quent Capital LLC acquired a new stake in WEX during the third quarter worth approximately $28,000. Steph & Co. bought a new stake in WEX in the third quarter worth approximately $35,000. First Horizon Corp increased its holdings in WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in WEX by 368.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

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.