WEX (NYSE:WEX) Sets New 52-Week High – Should You Buy?

Posted by Geri Gentry on Aug 15th, 2026

WEX Inc. (NYSE:WEX – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $194.68 and last traded at $197.5280, with a volume of 39822 shares changing hands. The stock had previously closed at $190.06.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WEX shares. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Robert W. Baird boosted their price target on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Loop Capital began coverage on WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 price target for the company. Finally, Mizuho raised their price objective on WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $183.30.

Check Out Our Latest Stock Analysis on WEX

WEX Price Performance

The firm’s fifty day moving average price is $158.88 and its 200 day moving average price is $155.92. The stock has a market cap of $6.53 billion, a PE ratio of 19.09, a P/E/G ratio of 1.04 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62.

WEX (NYSE:WEX – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The firm had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same period in the prior year, the company earned $3.95 EPS. The company’s quarterly 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. As a group, equities analysts expect that WEX Inc. will post 17.12 EPS for the current fiscal year.

WEX announced that its Board of Directors has initiated a share repurchase 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 buy up to 21.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity at WEX

In other WEX news, COO Robert Joseph Deshaies sold 2,000 shares of WEX stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.40, for a total value of $296,800.00. Following the transaction, the chief operating officer directly owned 20,288 shares of the company’s stock, valued at approximately $3,010,739.20. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer Kimball sold 1,183 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.55, for a total value of $208,858.65. Following the transaction, the chief accounting officer directly owned 4,916 shares in the company, valued at $867,919.80. This represents a 19.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,858 shares of company stock worth $1,662,835 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On WEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in WEX during the fourth quarter valued at $25,000. Global Retirement Partners LLC acquired a new stake in WEX during the 2nd quarter worth about $26,000. Caitong International Asset Management Co. Ltd grew its position in WEX by 368.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after purchasing an additional 173 shares during the period. First Horizon Corp raised its stake in shares of WEX by 65.7% during the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after buying an additional 94 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of WEX during the 2nd quarter valued at about $41,000. Hedge funds and other 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.