WEX (NYSE:WEX) Sets New 52-Week High – Still a Buy?

Posted by Brian Himes on Aug 7th, 2026

WEX Inc. (NYSE:WEX – Get Free Report)’s share price hit a new 52-week high on Wednesday . The company traded as high as $191.72 and last traded at $191.56, with a volume of 54697 shares trading hands. The stock had previously closed at $189.19.

Analysts Set New Price Targets

WEX has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Robert W. Baird boosted their price target on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Mizuho upped their price objective on WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Weiss Ratings lowered shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, WEX has a consensus rating of “Hold” and a consensus price target of $183.30.

Check Out Our Latest Report on WEX

WEX Stock Down 0.3%

The company has a market cap of $6.44 billion, a P/E ratio of 18.82, a PEG ratio of 1.05 and a beta of 0.82. The stock’s 50-day moving average price is $153.70 and its 200-day moving average price is $154.53. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62.

WEX (NYSE:WEX – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. The company had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.WEX’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.95 earnings per share. 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, research analysts forecast that WEX Inc. will post 17.12 EPS for the current year.

WEX announced that its Board of Directors has approved a share buyback program on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 21.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at WEX

In other news, COO Carlos Carriedo sold 1,075 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total transaction of $199,950.00. Following the completion of the sale, the chief operating officer owned 11,076 shares in the company, valued at $2,060,136. This trade represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer Kimball sold 1,183 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $176.55, for a total value of $208,858.65. Following the completion of the sale, the chief accounting officer directly owned 4,916 shares of the company’s stock, valued at $867,919.80. This represents a 19.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,858 shares of company stock valued at $1,662,835 in the last three months. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in shares of WEX by 158.3% during 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 buying an additional 215,036 shares during the period. Empowered Funds LLC bought a new stake in WEX in the first quarter valued at $394,000. American Century Companies Inc. increased its position in 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 purchasing an additional 60 shares during the period. EverSource Wealth Advisors LLC increased its position in WEX by 4,837.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 387 shares during the period. Finally, Gamco Investors INC. ET AL bought a new position in WEX in the 2nd quarter worth $271,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Company Profile

(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.