WEX (NYSE:WEX) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of WEX (NYSE:WEX) from a hold rating to a buy rating in a research report report published on Saturday.

Other equities analysts have also recently issued reports about the company. Zacks Research cut WEX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. UBS Group dropped their target price on WEX from $185.00 to $172.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Barclays upped their price objective on WEX from $135.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. cut their target price on shares of WEX from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, William Blair restated a “market perform” rating on shares of WEX in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, WEX presently has an average rating of “Hold” and an average price target of $172.92.

WEX Stock Performance

WEX stock traded up $0.63 during trading on Friday, hitting $145.45. 433,224 shares of the company traded hands, compared to its average volume of 608,832. The company has a debt-to-equity ratio of 3.99, a current ratio of 1.04 and a quick ratio of 1.04. WEX has a 1 year low of $110.45 and a 1 year high of $191.43. The stock’s 50-day simple moving average is $159.62 and its 200 day simple moving average is $152.90. The company has a market cap of $4.99 billion, a PE ratio of 18.91, a P/E/G ratio of 1.34 and a beta of 1.24.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, beating the consensus estimate of $4.45 by $0.14. The company had revenue of $691.70 million for the quarter, compared to analyst estimates of $678.25 million. WEX had a return on equity of 45.36% and a net margin of 10.81%.During the same period last year, the company earned $4.35 earnings per share. WEX’s quarterly revenue was up 4.0% compared to the same quarter last year. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. On average, equities analysts expect that WEX will post 14.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WEX

Large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in shares of WEX by 1.0% during the first quarter. Envestnet Asset Management Inc. now owns 59,053 shares of the business services provider’s stock worth $9,272,000 after purchasing an additional 578 shares in the last quarter. Jane Street Group LLC raised its stake in shares of WEX by 399.9% during the first quarter. Jane Street Group LLC now owns 210,707 shares of the business services provider’s stock valued at $33,085,000 after purchasing an additional 168,558 shares during the period. Cerity Partners LLC lifted its position in shares of WEX by 88.5% during the first quarter. Cerity Partners LLC now owns 10,002 shares of the business services provider’s stock worth $1,571,000 after purchasing an additional 4,695 shares in the last quarter. Lightrock Netherlands B.V. boosted its stake in shares of WEX by 205.0% in the second quarter. Lightrock Netherlands B.V. now owns 36,600 shares of the business services provider’s stock valued at $5,376,000 after purchasing an additional 24,600 shares during the period. Finally, Optimize Financial Inc purchased a new stake in WEX during the 1st quarter worth $389,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Company Profile

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.