WEX (WEX) Stock Price, News & Analysis

Company Overview

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. This segment markets its products directly and indirectly to businesses and government agencies with fleets of commercial vehicles; and indirectly through co-branded and private label relationships. The Corporate Payments segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. This segment also markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals. The Benefits Solutions segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions. In addition, its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits; COBRA accounts; and benefit enrollment and administration services. Further, it offers custodial and depository services for health savings accounts; and markets its products through third-party administrators, financial institutions, payroll providers, and health plans. 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.

Key Stats

• Today's Range: $176.43 to $181.94
• 50-Day Range: $172.05 to $216.62
• 52-Week Range: $165.51 to $244.04
• Volume: 439,705 shs
• Average Volume: 551,805 shs
• Market Capitalization: $7.12 billion
• P/E Ratio: 22.73
• Dividend Yield: N/A
• Price Target: $235.91
• Consensus Rating: Moderate Buy

WEX Stock Analysis - MarketRank™

WEX scored higher than 98% of companies evaluated by MarketBeat, and ranked 5th out of 338 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

WEX has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

WEX has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 9.85%

Earnings Growth

Earnings for WEX are expected to grow by 9.85% in the coming year, from $13.20 to $14.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of WEX is 22.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of WEX is 22.73, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 18.76.

Price to Earnings Growth Ratio

WEX has a PEG Ratio of 1.41. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

WEX has a P/B Ratio of 4.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.19% 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 2.1, 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 34.57%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

WEX does not currently pay a dividend.

Dividend Growth

WEX does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.1 / 5
• Environmental Score: -1.09

Percentage of Shares Shorted

2.19% 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 2.1, 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 34.57%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.81

News Sentiment

WEX has a news sentiment score of 0.81. 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 0.62 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for WEX this week, compared to 9 articles on an average week.

Search Interest

Only 2 people have searched for WEX on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added WEX to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $401,537.00 in company stock.

Percentage Held by Insiders

Only 1.10% of the stock of WEX is held by insiders.

Percentage Held by Institutions

97.47% of the stock of WEX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WEX Stock Analysis - Frequently Asked Questions

How have WEX shares performed this year?

WEX's stock was trading at $194.55 at the start of the year. Since then, WEX stock has decreased by 8.0% and is now trading at $179.08.
View the best growth stocks for 2024 here.

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) released its quarterly earnings results on Thursday, October, 24th. The business services provider reported $4.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.82 by $0.53. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year.

Does WEX have any subsidiaries?

WEX subsidiaries include Benefit Express, eNett, Optal, Go Fuel Card, Discovery Benefits, Pavestone Capital, Noventis, and more.

Who are WEX's major shareholders?

Top institutional investors of WEX include Janus Henderson Group PLC (10.47%), Wellington Management Group LLP (6.55%), FMR LLC (3.91%) and State Street Corp (3.12%). Insiders that own company stock include Melissa D Smith, Regina O Sommer, Regina O Sommer, James R Groch, Hilary A Rapkin, Melanie J Tinto, Jack Vanwoerkom, Robert Joseph Deshaies, Jagtar Narula, David G Cooper, Ann Elena Drew, Stephen Montgomery Smith, Jennifer Kimball, Sara Trickett and Carlos Carriedo.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of WEX own?

Based on aggregate information from My MarketBeat watchlists, some other companies that WEX investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), ServiceNow (NOW), CrowdStrike (CRWD), Adobe (ADBE) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 10/24/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Business services, not elsewhere classified
• Sub-Industry: Data Processing & Outsourced 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: 5,500
• Year Founded: 1983

Price Target and Rating

• Average Stock Price Target: $235.91
• High Stock Price Target: $280.00
• Low Stock Price Target: $180.00
• Potential Upside/Downside: +31.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.69
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.88
• Trailing P/E Ratio: 22.73
• Forward P/E Ratio: 13.57
• P/E Growth: 1.41
• Net Income: $266.60 million
• Net Margins: 12.45%
• Pretax Margin: 16.78%
• Return on Equity: 31.35%
• Return on Assets: 3.92%

Debt

• Debt-to-Equity Ratio: 1.87
• Current Ratio: 1.04
• Quick Ratio: 1.04

Sales & Book Value

• Annual Sales: $2.55 billion
• Price / Sales: 2.80
• Cash Flow: $19.13 per share
• Price / Cash Flow: 9.36
• Book Value: $42.17 per share
• Price / Book: 4.25

Miscellaneous

• Outstanding Shares: 39,780,000
• Free Float: 39,345,000
• Market Cap: $7.12 billion
• Optionable: Optionable
• Beta: 1.57