This summary was created by AI, based on 1 opinions in the last 12 months.
WEX Inc, designated by the symbol WEX-N, has caught the attention of analysts as a promising investment opportunity, particularly due to its connection with the rising gas prices, which theoretically should boost its business. Despite a slight downturn of 1% noted in the latest review, analysts remain optimistic about WEX's growth trajectory, attributing its performance to the robust platform it provides for the trucking industry, including services like oil level checks and gas station locators. The company's capacity to expand its offerings in a growing market and its commitment to innovation bodes well for long-term prospects. Investors are encouraged to exercise patience, suggesting that while current results may not fully reflect its potential, the future looks bright for WEX as it capitalizes on market demand.
WEX offers fleet payments/fuel solutions as well as B2B payment services. It looks cheap at 13X forward earnings and typically grows in the double-digit range on the top and bottom lines. Fundamentally it is a strong company with good and consistent margins. Debt is largely covered by cash and investments. We don't see a whole lot to pick on here.
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Software for fleet management, which is about 60% of its business. Controls the spend and the analytics of trucking. Adds efficiency and control to businesses. Growing organically 14-16% annually, yet trades at 13x earnings. Not well known, hidden in the weeds, take advantage now. No dividend.
(Analysts’ price target is $213.23)WEX Inc is a American stock, trading under the symbol WEX-N on the New York Stock Exchange (WEX). It is usually referred to as NYSE:WEX or WEX-N
In the last year, 1 stock analyst published opinions about WEX-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for WEX Inc.
WEX Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for WEX Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered WEX Inc In the last year. It is a trending stock that is worth watching.
On 2025-04-02, WEX Inc (WEX-N) stock closed at a price of $161.8.
Surprised it hasn't done well, because gas prices are up. WEX provides a platform for trucking (i.e. checking oil levels, locating gas stations). Is growing well, so prospects are good. Be patient.