Corpay, Inc. (NYSE:CPAY) Receives $400.38 Consensus Price Target from Analysts

Corpay, Inc. (NYSE:CPAY) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $397.62.

A number of research firms have weighed in on CPAY. Keefe, Bruyette & Woods boosted their price objective on Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price objective on shares of Corpay from $375.00 to $339.00 and set an “equal weight” rating for the company in a report on Thursday. Royal Bank of Canada lifted their target price on shares of Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley lifted their price target on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th.

Corpay Stock Up 0.2 %

NYSE CPAY opened at $322.39 on Thursday. Corpay has a one year low of $247.10 and a one year high of $400.81. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The business has a fifty day moving average price of $334.94 and a 200 day moving average price of $351.31. The company has a market cap of $22.65 billion, a P/E ratio of 23.06, a P/E/G ratio of 1.32 and a beta of 1.11.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. Research analysts anticipate that Corpay will post 19.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the transaction, the director now owns 12,215 shares in the company, valued at $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Corpay

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Colonial Trust Co SC increased its holdings in Corpay by 120.5% in the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company’s stock valued at $33,000 after buying an additional 53 shares during the last quarter. Avion Wealth increased its holdings in shares of Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock valued at $33,000 after acquiring an additional 91 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Corpay by 130.4% in the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 60 shares during the last quarter. Spire Wealth Management purchased a new stake in Corpay during the fourth quarter worth approximately $42,000. Finally, Assetmark Inc. lifted its stake in Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company’s stock worth $42,000 after purchasing an additional 60 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

About Corpay

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.