NYSE:WEX

WEX - WEX Stock Forecast, Price & News

$152.94

+0.88 (+0.58%)

(As of 09/8/2022 10:46 AM ET)

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Today's Range: $150.34
▼
$152.94
50-Day Range: $152.06
▼
$170.64
52-Week Range: $123.01
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$197.70

Volume: 1,809 shs
Average Volume: 228,972 shs
Market Capitalization: $6.76 billion

P/E Ratio: 35.73
Dividend Yield: N/A
Price Target: $206.50

WEX MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 34.8% Upside
$205.30 Price Target
Short Interest: Healthy
1.92% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.09
Upright™ Environmental Score
News Sentiment: 0.59
Based on 4 Articles This Week
Insider Trading: Selling Shares
$460,494 Sold Last Quarter
Proj. Earnings Growth: 7.87%
From $11.81 to $12.74 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.13 out of 5 stars

Business Services Sector

11th out of 333 stocks

Business Services, Not Elsewhere Classified Industry

5th out of 102 stocks

3.4

Analyst's Opinion

Consensus Rating
WEX has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $205.30, WEX has a forecasted upside of 34.8% from its current price of $152.33.
Amount of Analyst Coverage
WEX has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.92% of the float of WEX has been sold short.
Short Interest Ratio / Days to Cover
WEX has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in WEX has recently decreased by 5.29%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
WEX does not currently pay a dividend.
Dividend Growth
WEX does not have a long track record of dividend growth.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
WEX has received a 31.13% net impact score from Upright. WEX seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Creating knowledge". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Truck fleet management software", "Payment platform", and "Passenger car fleet management software" products. See details.
Environmental Sustainability
The Environmental Impact score for WEX is -1.09.

3.1

News and Social Media Coverage

News Sentiment
WEX has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.34 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for WEX this week, compared to 5 articles on an average week.
Search Interest
6 people have searched for WEX on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.
MarketBeat Follows
3 people have added WEX to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, WEX insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $460,494.00 in company stock.
Percentage Held by Insiders
Only 1.00% of the stock of WEX is held by insiders.
Percentage Held by Institutions
99.50% of the stock of WEX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for WEX are expected to grow by 7.87% in the coming year, from $11.81 to $12.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of WEX is 35.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of WEX is 35.59, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 249.82.
Price to Earnings Growth Ratio
WEX has a PEG Ratio of 0.68. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
WEX has a P/B Ratio of 3.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About WEX (NYSE:WEX) Stock

WEX Inc. provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is based in Portland, Maine.

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WEX Stock News Headlines

September 2, 2022 | nasdaq.com

Relative Strength Alert For Wex

September 2, 2022 | finance.yahoo.com

Should You Be Concerned About WEX Inc.'s (NYSE:WEX) ROE?

August 29, 2022 | nasdaq.com

WEX Makes Notable Cross Below Critical Moving Average - Nasdaq

August 27, 2022 | seekingalpha.com

WEX Inc: Today's Best Near-Term Cap-Gain Commercial Financing Stock Prospect

August 27, 2022 | seekingalpha.com

WEX Stock: Near-Term Cap-Gain Commercial Financing Prospect - Seeking Alpha

August 25, 2022 | americanbankingnews.com

Analysts Set WEX Inc. (NYSE:WEX) Target Price at $206.50

August 24, 2022 | americanbankingnews.com

WEX Inc. (NYSE:WEX) Insider Melanie J. Tinto Sells 766 Shares of Stock

August 23, 2022 | marketwatch.com

WEX Announces New Share-Repurchase Program - MarketWatch

August 23, 2022 | businesswire.com

WEX Board of Directors Authorizes New Share Repurchase Program - Business Wire

August 23, 2022 | finance.yahoo.com

WEX Board of Directors Authorizes New Share Repurchase Program

August 19, 2022 | finance.yahoo.com

Here's Why You Should Hold WEX Stock in Your Portfolio for Now - Yahoo Finance

August 18, 2022 | msn.com

Save 20% on the Sky-Watcher Heritage-76 Mini Dobsonian Telescope

August 16, 2022 | forbes.com

With Fuel Costs High, Trucker-Focused Fintech AtoB Reaches $800 Million Valuation - Forbes

August 9, 2022 | investors.com

Dlocal Joins Elite Club Of Stocks With RS Ratings Over 90 - Investor's Business Daily

August 4, 2022 | moodys.com

Moody's reviews Woodford Express, LLC's ratings for upgrade upon sale to Energy Transfer LP - Moody's

August 4, 2022 | businesswire.com

WEX Appoints Jay Dearborn Chief Strategy Officer - Business Wire

August 4, 2022 | finance.yahoo.com

WEX Appoints Jay Dearborn Chief Strategy Officer

August 3, 2022 | nasdaq.com

These 4 Measures Indicate That WEX (NYSE:WEX) Is Using Debt Reasonably Well - Nasdaq

August 2, 2022 | benzinga.com

This Analyst Lowers Price Target On Ford; Also Check Out Some Other Major PT Changes - Benzinga

July 29, 2022 | finance.yahoo.com

WEX Beats on Q2 Earnings and Revenues, Raises FY22 View

July 29, 2022 | investing.com

WEX Inc. PT Raised to $210 at Wells Fargo

July 29, 2022 | fool.com

WEX (WEX) Q2 2022 Earnings Call Transcript - The Motley Fool

July 28, 2022 | seekingalpha.com

WEX Q2 Non-GAAP EPS, revenue of $598M beats, FY22 guidance raised - Seeking Alpha

July 28, 2022 | investing.com

Wex, Inc. Tops Q2 EPS by 25c; Raises Outlook By Investing.com - Investing.com

July 28, 2022 | finance.yahoo.com

WEX Inc. Reports Second Quarter 2022 Financial Results - Yahoo Finance

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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WEX Company Calendar

Last Earnings: 7/28/2022
Today: 9/08/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Business services, not elsewhere classified
Sub-Industry: Data Processing & Outsourced Services
Sector: Business Services
Current Symbol: NYSE:WEX
Previous Symbol: NYSE:WXS
CUSIP: 96208T10
CIK: 1309108
Web: www.wexinc.com
Phone: 207-773-8171
Fax: 207-828-5181
Employees: 5,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $205.30
High Stock Price Forecast: $233.00
Low Stock Price Forecast: $180.00
Forecasted Upside/Downside: +35.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.70
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.28
Trailing P/E Ratio: 35.73
Forward P/E Ratio: 12.95
P/E Growth: 0.68
Net Income: $140,000.00
Net Margins: 9.23%
Pretax Margin: 16.81%
Return on Equity: 24.68%
Return on Assets: 4.21%

Debt

Debt-to-Equity Ratio: 1.52
Current Ratio: 1.16
Quick Ratio: 1.16

Sales & Book Value

Annual Sales: $1.85 billion
Price / Sales: 3.65
Cash Flow: $14.04 per share
Price / Cash Flow: 10.89
Book Value: $41.03 per share
Price / Book: 3.73

Miscellaneous

Outstanding Shares: 44,170,000
Free Float: 43,732,000
Market Cap: $6.76 billion
Optionable: Optionable
Beta: 1.55

Key Executives

Ms. Melissa D. Smith (Age 53)
Chairman, Pres & CEO
Comp: $3.11M

Mr. David Cooper (Age 55)
Sr. VP & Chief Technology Officer
Comp: $913.1k

Mr. Robert Joseph Deshaies (Age 56)
Chief Operating Officer of Americas
Comp: $1.07M

Mr. Jagtar Narula (Age 51)
Chief Financial Officer

Ms. Jennifer Kimball (Age 47)
Chief Accounting Officer

Mr. Steven Alan Elder (Age 53)
Sr. VP of Global Investor Relations

Ms. Hilary Ann Rapkin Esq. (Age 55)
Chief Legal Officer & Sec.

Ms. Ann Elena Drew J.D. (Age 51)
Chief Risk & Compliance Officer

Ms. Melanie J. Tinto (Age 50)
Chief HR Officer

Mr. Joel Alan Dearborn Jr. (Age 43)
Pres of Corp. Payments

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WEX Stock - Frequently Asked Questions

Should I buy or sell WEX stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WEX shares.
View WEX analyst ratings or view top-rated stocks.
What is WEX's stock price forecast for 2022?: 10 equities research analysts have issued twelve-month target prices for WEX's shares. Their WEX share price forecasts range from $180.00 to $233.00. On average, they anticipate the company's share price to reach $206.50 in the next twelve months. This suggests a possible upside of 35.8% from the stock's current price.
View analysts price targets for WEX or view top-rated stocks among Wall Street analysts.
How have WEX shares performed in 2022?: WEX's stock was trading at $140.39 on January 1st, 2022. Since then, WEX shares have increased by 8.3% and is now trading at $152.06.
View the best growth stocks for 2022 here.
When is WEX's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our WEX earnings forecast.
How were WEX's earnings last quarter?: WEX Inc. (NYSE:WEX) announced its quarterly earnings results on Thursday, July, 28th. The business services provider reported $3.28 EPS for the quarter, beating analysts' consensus estimates of $3.03 by $0.25. The business services provider earned $598.20 million during the quarter, compared to the consensus estimate of $571.33 million. WEX had a trailing twelve-month return on equity of 24.68% and a net margin of 9.23%. The business's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter last year, the business posted $1.93 EPS.
What guidance has WEX issued on next quarter's earnings?: WEX updated its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $3.35-$3.45 for the period, compared to the consensus estimate of $3.30. The company issued revenue guidance of $580.00 million-$590.00 million, compared to the consensus revenue estimate of $571.58 million.

What is Melissa Smith's approval rating as WEX's CEO?: 116 employees have rated WEX Chief Executive Officer Melissa Smith on Glassdoor.com. Melissa Smith has an approval rating of 95% among the company's employees. This puts Melissa Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of WEX own?: Based on aggregate information from My MarketBeat watchlists, some companies that other WEX investors own include NVIDIA (NVDA), ServiceNow (NOW), PayPal (PYPL), Mastercard (MA), Shopify (SHOP), CrowdStrike (CRWD), Block (SQ), Home Depot (HD), Okta (OKTA) and Zoom Video Communications (ZM).
What is WEX's stock symbol?: WEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEX."
Who are WEX's major shareholders?: WEX's stock is owned by many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (3.07%), State Street Corp (2.68%), Primecap Management Co. CA (2.60%), FMR LLC (1.35%), Brown Advisory Inc. (1.20%) and Jennison Associates LLC (0.93%). Insiders that own company stock include David G Cooper, Hilary A Rapkin, Jennifer Kimball, Joel Alan Dearborn Jr, Kenneth Janosick, Melanie J Tinto, Melissa D Smith, Nicola S Morris, Regina O Sommer, Robert Joseph Deshaies, Roberto Simon and Scott Robert Phillips.
View institutional ownership trends.
How do I buy shares of WEX?: Shares of WEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is WEX's stock price today?: One share of WEX stock can currently be purchased for approximately $152.06.
How much money does WEX make?: WEX (NYSE:WEX) has a market capitalization of $6.72 billion and generates $1.85 billion in revenue each year. The business services provider earns $140,000.00 in net income (profit) each year or $4.28 on an earnings per share basis.
How many employees does WEX have?: The company employs 5,600 workers across the globe.
How can I contact WEX?: WEX's mailing address is 1 Hancock Street, SOUTH PORTLAND ME, 04101. The official website for the company is www.wexinc.com. The business services provider can be reached via phone at 207-773-8171, via email at steve.elder@wexinc.com, or via fax at 207-828-5181.

This page (NYSE:WEX) was last updated on 9/8/2022 by MarketBeat.com Staff

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WEX - WEX Stock Forecast, Price & News

WEX MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows