WEX (NYSE:WEX) Given New $210.00 Price Target at Keefe, Bruyette & Woods

WEX (NYSE:WEX) had its target price hoisted by Keefe, Bruyette & Woods from $200.00 to $210.00 in a research note issued to investors on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the company. Mizuho boosted their target price on WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday. Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Evercore raised WEX to an “outperform” rating in a research note on Tuesday. Robert W. Baird upped their target price on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Morgan Stanley boosted their price target on shares of WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $179.73.

WEX Price Performance

Shares of WEX stock opened at $176.56 on Friday. The company has a market capitalization of $6.12 billion, a P/E ratio of 17.59, a P/E/G ratio of 1.05 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 2.62. The stock has a 50 day moving average of $146.40 and a two-hundred day moving average of $152.75. WEX has a 12 month low of $125.29 and a 12 month high of $186.85.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. During the same period in the previous year, the business earned $3.95 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, equities analysts expect that WEX will post 16.88 EPS for the current year.

WEX announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to purchase up to 21.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director James R. Groch purchased 1,500 shares of WEX stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $142.95 per share, with a total value of $214,425.00. Following the completion of the transaction, the director directly owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This represents a 9.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert Joseph Deshaies sold 2,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $148.40, for a total value of $296,800.00. Following the transaction, the chief operating officer owned 20,288 shares in the company, valued at approximately $3,010,739.20. This trade represents a 8.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC increased its position in shares of WEX by 377.9% during the fourth quarter. CWM LLC now owns 17,395 shares of the business services provider’s stock worth $2,592,000 after buying an additional 13,755 shares during the period. M&T Bank Corp bought a new position in WEX during the fourth quarter worth $28,129,000. Crossmark Global Holdings Inc. lifted its holdings in WEX by 47.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider’s stock valued at $4,351,000 after buying an additional 9,410 shares during the period. SG Americas Securities LLC lifted its holdings in WEX by 2,115.6% in the fourth quarter. SG Americas Securities LLC now owns 14,667 shares of the business services provider’s stock valued at $2,185,000 after buying an additional 14,005 shares during the period. Finally, Geode Capital Management LLC boosted its position in WEX by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider’s stock valued at $95,209,000 after acquiring an additional 6,971 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 2026 expectations on both revenue and earnings, with revenue up 14.2% year over year to $753.5 million and adjusted EPS rising to $5.35, helping support bullish investor sentiment. Article Title
• Positive Sentiment: The company raised full-year guidance, now targeting $2.86 billion to $2.90 billion in revenue and $19.68 to $20.08 in adjusted EPS, which signals management confidence in continued growth. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target on WEX to $210 from $200 and reiterated an outperform rating, implying additional upside from current levels. Article Title

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.