WEX (WEX) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of WEX (NYSE: WEX) in the last few weeks:

• 2/10/2025 – WEX had its price target lowered by analysts at Mizuho from $215.00 to $170.00. They now have an “outperform” rating on the stock.
• 2/10/2025 – WEX had its price target lowered by analysts at Barclays PLC from $200.00 to $155.00. They now have an “equal weight” rating on the stock.
• 2/7/2025 – WEX had its price target lowered by analysts at Keefe, Bruyette & Woods from $220.00 to $200.00. They now have an “outperform” rating on the stock.
• 2/7/2025 – WEX had its price target lowered by analysts at UBS Group AG from $200.00 to $172.00. They now have a “neutral” rating on the stock.
• 2/7/2025 – WEX had its price target lowered by analysts at Wells Fargo & Company from $180.00 to $160.00. They now have an “equal weight” rating on the stock.
• 2/6/2025 – WEX was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating.
• 2/6/2025 – WEX had its “market perform” rating reaffirmed by analysts at William Blair.
• 1/22/2025 – WEX had its price target raised by analysts at Jefferies Financial Group Inc. from $180.00 to $190.00. They now have a “hold” rating on the stock.
• 1/14/2025 – WEX was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $190.00 price target on the stock, down previously from $260.00.
• 1/6/2025 – WEX had its price target lowered by analysts at Keefe, Bruyette & Woods from $247.00 to $220.00. They now have an “outperform” rating on the stock.
• 12/17/2024 – WEX had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $200.00 price target on the stock, down previously from $207.00.

WEX Trading Up 3.0 %

NYSE:WEX opened at $155.35 on Friday. The firm’s fifty day moving average is $175.62 and its 200-day moving average is $185.27. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. WEX Inc. has a 52 week low of $146.03 and a 52 week high of $244.04. The firm has a market cap of $6.18 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.24 and a beta of 1.58.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. Equities analysts expect that WEX Inc. will post 14.27 earnings per share for the current year.

Insider Activity

In related news, COO Robert Joseph Deshaies sold 175 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $189.44, for a total transaction of $33,152.00. Following the transaction, the chief operating officer now directly owns 7,582 shares of the company’s stock, valued at $1,436,334.08. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Venturi Wealth Management LLC boosted its stake in WEX by 206.1% during the third quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in WEX during the third quarter worth $35,000. Jones Financial Companies Lllp boosted its stake in WEX by 108.4% during the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock worth $43,000 after acquiring an additional 129 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of WEX by 552.5% in the fourth quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after buying an additional 221 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of WEX by 72.2% in the fourth quarter. Quadrant Capital Group LLC now owns 272 shares of the business services provider’s stock valued at $48,000 after buying an additional 114 shares in the last quarter. 97.47% of the stock is owned by institutional investors.

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.