WEX (NYSE:WEX) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of WEX (NYSE:WEX) to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

WEX has been the topic of a number of other research reports. Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price target on the stock in a research report on Wednesday, October 22nd. UBS Group lowered their target price on shares of WEX from $185.00 to $172.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, JPMorgan Chase & Co. lowered their price target on WEX from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $170.25.

WEX Stock Performance

WEX opened at $157.80 on Tuesday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $5.41 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.15 and a beta of 0.99. The stock has a 50-day moving average of $153.28 and a 200-day moving average of $158.24. WEX has a 52-week low of $110.45 and a 52-week high of $188.70.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.14. The firm had revenue of $691.80 million during the quarter, compared to analyst estimates of $678.25 million. WEX had a return on equity of 45.10% and a net margin of 10.81%.The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.35 EPS. As a group, equities research analysts forecast that WEX will post 14.09 earnings per share for the current fiscal year.

Insider Transactions at WEX

In other news, CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $151.40, for a total transaction of $74,791.60. Following the transaction, the chief accounting officer owned 3,671 shares in the company, valued at approximately $555,789.40. The trade was a 11.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Robert Joseph Deshaies sold 1,506 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $149.62, for a total transaction of $225,327.72. Following the completion of the sale, the chief operating officer owned 15,699 shares of the company’s stock, valued at approximately $2,348,884.38. The trade was a 8.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of WEX by 158.3% in the first quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock valued at $55,097,000 after purchasing an additional 215,036 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of WEX in the 1st quarter valued at $394,000. GAMMA Investing LLC raised its stake in shares of WEX by 109.1% in the 2nd quarter. GAMMA Investing LLC now owns 920 shares of the business services provider’s stock valued at $135,000 after buying an additional 480 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of WEX by 8.7% during the 2nd quarter. Truist Financial Corp now owns 2,725 shares of the business services provider’s stock worth $400,000 after acquiring an additional 219 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of WEX during the 2nd quarter valued at about $314,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

Trending Headlines about WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX launched a fleet card that unifies fueling and public EV charging payments — a product move that addresses EV adoption, broadens payment solutions for fleet customers and could help revenue retention/attrition. WEX Unveils Fleet Card Unifying Fueling and Public EV Charging Payments
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a neutral/hold view — this provides coverage but is not a positive catalyst and may limit investor enthusiasm until clearer growth proof. Cantor Fitzgerald initiates coverage of WEX with neutral recommendation
• Neutral Sentiment: Wall Street models expect earnings growth for the quarter, but one preview notes WEX may lack the dual drivers that typically produce an earnings beat — sets expectations for a modest print and makes guidance the key focus. Wex (WEX) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Market previews note WEX is set to report Q4 results next week — this event is the main near-term catalyst; investors should watch payment volumes, margins, and FY guidance for driver clarity. WEX Gears Up to Report Q4 Earnings: What’s in the Cards?
• Neutral Sentiment: News outlets note WEX is expected to announce quarterly earnings on Wednesday — reinforces timing of the key catalyst. WEX Expected to Announce Quarterly Earnings on Wednesday
• Neutral Sentiment: Separate item flagged an analyst move to “hold”/upgrade-to-hold (coverage summaries linked) — another sign of cautious analyst positioning. Analyst Upgrade to Hold / Coverage Notes
• Neutral Sentiment: A TipRanks bulletin refers to a different company (Western Exploration, ticker WEX on the TSE); investors should avoid ticker confusion between WEX (NYSE) and unrelated tickers. Western Exploration Advances Permitting (different WEX)
• Negative Sentiment: A feature asking whether investors should reassess WEX after a one‑year share price slide highlights downside concerns — this framing can increase selling pressure if the earnings/guidance disappoint. Is It Time To Reassess WEX After A 1‑Year Share Price Slide?

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.