Brokerages Set WEX Inc. (NYSE:WEX) Price Target at $172.92

by · The Markets Daily

WEX Inc. (NYSE:WEX – Get Free Report) has received an average recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $172.9167.

Several brokerages have issued reports on WEX. 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. Zacks Research lowered shares of WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a research note on Wednesday, October 22nd. Wall Street Zen upgraded shares of WEX from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Robert W. Baird boosted their target price on WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st.

Check Out Our Latest Stock Report on WEX

WEX Trading Down 1.8%

Shares of WEX stock opened at $151.02 on Thursday. WEX has a twelve month low of $110.45 and a twelve month high of $188.70. The firm’s 50-day moving average price is $150.31 and its 200 day moving average price is $155.22. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $5.18 billion, a PE ratio of 19.64, a P/E/G ratio of 1.23 and a beta of 1.03.

WEX (NYSE:WEX – Get Free Report) last released its earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.14. The business had revenue of $691.80 million for the quarter, compared to the consensus estimate of $678.25 million. WEX had a return on equity of 45.10% and a net margin of 10.81%.The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.35 earnings per share. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. On average, sell-side analysts predict that WEX will post 14.09 EPS for the current fiscal year.

Insider Buying and Selling at WEX

In related news, Director Stephen Montgomery Smith bought 1,000 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was bought at an average cost of $144.25 per share, for a total transaction of $144,250.00. Following the acquisition, the director directly owned 7,971 shares in the company, valued at $1,149,816.75. This represents a 14.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Robert Joseph Deshaies sold 1,506 shares of WEX stock in a transaction 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 transaction, the chief operating officer owned 15,699 shares in the company, valued at approximately $2,348,884.38. This represents a 8.75% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WEX

Several institutional investors and hedge funds have recently bought and sold shares of WEX. Swiss Life Asset Management Ltd acquired a new stake in shares of WEX during the 3rd quarter worth approximately $236,000. CIBC Bancorp USA Inc. acquired a new stake in WEX during the third quarter worth $466,000. Danske Bank A S purchased a new stake in WEX in the third quarter valued at $79,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 173 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of WEX during the 3rd quarter worth $151,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Company Profile

(Get Free Report)

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.

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