WEX (NYSE:WEX) Price Target Raised to $158.00

WEX (NYSE:WEX) had its target price increased by Morgan Stanley from $146.00 to $158.00 in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. They currently have an equal weight rating on the business services provider’s stock.

A number of other equities analysts also recently weighed in on WEX. UBS Group set a $165.00 target price on WEX and gave the stock a “neutral” rating in a research note on Friday, February 6th. Mizuho cut their target price on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a report on Friday, March 6th. JPMorgan Chase & Co. lowered their price target on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Finally, Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $166.70.

WEX Price Performance

Shares of NYSE WEX opened at $154.77 on Tuesday. WEX has a twelve month low of $120.03 and a twelve month high of $186.85. The stock’s 50 day moving average price is $159.06 and its 200-day moving average price is $154.61. The company has a market capitalization of $5.37 billion, a PE ratio of 17.37, a PEG ratio of 1.36 and a beta of 0.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. WEX had a return on equity of 44.23% and a net margin of 11.50%.The firm had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. During the same quarter in the previous year, the business earned $3.51 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, equities analysts anticipate that WEX will post 15.65 EPS for the current year.

Insider Buying and Selling

In related news, CAO Jennifer Kimball sold 715 shares of WEX stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total value of $112,841.30. Following the sale, the chief accounting officer owned 6,203 shares of the company’s stock, valued at approximately $978,957.46. The trade was a 10.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Carlos Carriedo sold 1,575 shares of WEX stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total transaction of $251,842.50. Following the completion of the sale, the chief operating officer directly owned 3,695 shares in the company, valued at $590,830.50. This trade represents a 29.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,479 shares of company stock worth $2,454,914 in the last three months. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On WEX

A number of hedge funds have recently modified their holdings of WEX. Los Angeles Capital Management LLC bought a new stake in WEX during the 4th quarter valued at $25,000. Quent Capital LLC bought a new stake in WEX during the 3rd quarter valued at $28,000. First Horizon Corp raised its holdings in 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 acquiring an additional 94 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings 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 valued at $35,000 after acquiring an additional 173 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in WEX by 162.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 141 shares during the period. Institutional investors own 97.47% of the company’s stock.

Key Headlines Impacting WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Q1 results beat on revenue and reported EPS; management raised FY‑2026 and Q2 guidance, signaling stronger forward earnings expectations. That supports upside versus prior street estimates. WEX Inc. Reports First Quarter 2026 Financial Results
• Positive Sentiment: Analysts and brokers reacted: Baird boosted its price target sharply (to $220) and other shops nudged targets higher — supportive for longer‑term valuation. Baird price target raise (Benzinga)
• Neutral Sentiment: Management announced a $50M cost‑savings plan and more shareholder outreach (shareholder letter + virtual fireside chat) as it outlines strategy to “amplify the core” and defend value. This could reassure investors if execution follows. WEX Issues Letter to Shareholders
• Neutral Sentiment: Earnings materials and the call transcript provide detail on product momentum (AI/embedded financial infrastructure) and the company’s roadmap — useful for investors evaluating execution vs. guidance. Earnings Call Transcript
• Negative Sentiment: Margin pressures and macro volatility were highlighted in coverage and the call — rising costs and mix issues offset revenue growth, which increases execution risk on the raised FY guide. Margin pressures deep dive (MSN)
• Negative Sentiment: Operating cash flow weakened materially and balance‑sheet liabilities grew year‑over‑year, per third‑party data — investors are concerned about cash conversion even as reported profit rose. Operating cash flow weakens (Quiver)
• Negative Sentiment: Shareholder activism and proxy contest risk escalated: a dissident slate backed by Glass Lewis and media coverage of the fight raise governance uncertainty and near‑term dilution/strategic distraction concerns. WEX seeks to fend off activist (Mainebiz)
• Negative Sentiment: High insider selling activity and heavy intraday trading were flagged by data providers, which can amplify downward moves on news and raise questions about insider confidence. Insider selling & trading data (Quiver)
• Negative Sentiment: Real‑time market coverage lists WEX among the biggest movers today as investors digest the mixed signals — beats and guidance vs. margin/cash‑flow and activism — which magnified volatility. CNBC midday movers

About WEX

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.