WEX (NYSE:WEX) Sets New 12-Month High – Time to Buy?

Posted by Geri Gentry on Jul 29th, 2026

WEX Inc. (NYSE:WEX – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $187.21 and last traded at $188.4770, with a volume of 23712 shares changing hands. The stock had previously closed at $182.88.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Loop Capital initiated coverage on WEX in a research note on Monday, April 27th. They issued a “buy” rating and a $195.00 price target on the stock. Mizuho lifted their price objective on WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. Evercore raised WEX to an “outperform” rating in a report on Tuesday, July 21st. Morgan Stanley increased their target price on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, WEX presently has an average rating of “Hold” and a consensus target price of $183.30.

Check Out Our Latest Stock Analysis on WEX

WEX Stock Performance

The company has a market capitalization of $6.40 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The business’s fifty day moving average is $147.97 and its two-hundred day moving average is $153.15.

WEX (NYSE:WEX – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. During the same period last year, the business posted $3.95 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Equities research analysts predict that WEX Inc. will post 17.01 earnings per share for the current year.

WEX declared that its board has authorized a stock repurchase plan on Thursday, May 14th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at WEX

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in shares of WEX by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 60 shares during the period. First Horizon Corp boosted its stake in WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares during the period. Eukles Asset Management grew its holdings in WEX by 2.8% during the 4th quarter. Eukles Asset Management now owns 3,429 shares of the business services provider’s stock valued at $511,000 after buying an additional 95 shares in the last quarter. Nicolet Advisory Services LLC raised its position in shares of WEX by 8.1% during the third quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock valued at $214,000 after buying an additional 102 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of WEX by 0.9% in the third quarter. Public Employees Retirement System of Ohio now owns 11,095 shares of the business services provider’s stock worth $1,748,000 after buying an additional 104 shares in the last quarter. Institutional investors own 97.47% of the company’s stock.

About WEX

(Get Free Report)

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.