Corpay, Inc. (NYSE:CPAY) Receives $399.71 Consensus Target Price from Analysts

Shares of Corpay, Inc. (NYSE:CPAY) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $399.71.

A number of equities research analysts have weighed in on the company. Citigroup assumed coverage on Corpay in a report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 target price for the company. Jefferies Financial Group boosted their target price on shares of Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company increased their target price on shares of Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Barclays lifted their price target on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective on the stock in a research report on Wednesday, January 8th.

Insider Buying and Selling

In other news, Director Richard Macchia sold 2,427 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the transaction, the director now directly owns 12,215 shares of the company’s stock, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the sale, the director now directly owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. This trade represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,402 shares of company stock worth $4,987,164 in the last quarter. 6.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Corpay

Several hedge funds and other institutional investors have recently modified their holdings of the company. Albion Financial Group UT purchased a new stake in Corpay in the third quarter worth $27,000. Avion Wealth lifted its position in shares of Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock worth $33,000 after purchasing an additional 91 shares during the period. Versant Capital Management Inc boosted its stake in shares of Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 60 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Corpay during the fourth quarter valued at about $42,000. Finally, Assetmark Inc. raised its stake in Corpay by 93.8% in the fourth quarter. Assetmark Inc. now owns 124 shares of the company’s stock worth $42,000 after buying an additional 60 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Corpay Price Performance

CPAY stock opened at $375.06 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. Corpay has a 52-week low of $247.10 and a 52-week high of $400.81. The company has a market capitalization of $26.15 billion, a P/E ratio of 26.83, a PEG ratio of 1.33 and a beta of 1.28. The company has a fifty day moving average price of $361.61 and a 200-day moving average price of $336.86.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. As a group, equities analysts expect that Corpay will post 20.62 EPS for the current year.

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.