WEX (NYSE:WEX) Price Target Raised to $210.00

WEX (NYSE:WEX) had its target price upped by Keefe, Bruyette & Woods from $200.00 to $210.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other research analysts have also issued reports on WEX. Robert W. Baird increased 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. Deutsche Bank Aktiengesellschaft decreased their price objective on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Loop Capital began coverage on WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 target price on the stock. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Evercore raised shares of WEX to an “outperform” rating in a research report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $179.73.

WEX Price Performance

Shares of NYSE WEX opened at $176.56 on Friday. The firm has a market capitalization of $6.02 billion, a P/E ratio of 17.59, a P/E/G ratio of 1.08 and a beta of 0.85. The firm’s 50-day moving average price is $146.40 and its 200-day moving average price is $152.75. 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 has a 1-year low of $125.29 and a 1-year high of $186.85.

WEX (NYSE:WEX) 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 company had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same period last year, the business posted $3.95 EPS. The firm’s revenue for the quarter 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 anticipate that WEX will post 16.88 earnings per share for the current fiscal year.

WEX declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to buy up to 21.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at WEX

In related news, Director James R. Groch acquired 1,500 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $142.95 per share, with a total value of $214,425.00. Following the acquisition, the director owned 17,957 shares of the company’s stock, valued at approximately $2,566,953.15. This trade represents a 9.11% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 value of $296,800.00. Following the completion of the sale, the chief operating officer directly owned 20,288 shares of the company’s stock, valued at approximately $3,010,739.20. This trade represents a 8.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WEX

A number of institutional investors and hedge funds have recently bought and sold shares of WEX. Los Angeles Capital Management LLC purchased a new position in WEX during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of WEX by 368.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 173 shares during the last quarter. First Horizon Corp raised its holdings in shares of WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 94 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of WEX by 255.0% during the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 255 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of WEX by 225.4% during the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 257 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

WEX News Roundup

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 2026 expectations on both revenue and earnings, with revenue up 14.2% year over year to $753.5 million and adjusted EPS rising to $5.35, helping support bullish investor sentiment. Article Title
• Positive Sentiment: The company raised full-year guidance, now targeting $2.86 billion to $2.90 billion in revenue and $19.68 to $20.08 in adjusted EPS, which signals management confidence in continued growth. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target on WEX to $210 from $200 and reiterated an outperform rating, implying additional upside from current levels. Article Title

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.