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

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

CPAY has been the subject of several analyst reports. Raymond James reduced their price objective on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. BMO Capital Markets boosted their price target on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Wolfe Research raised Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective on the stock in a report on Wednesday, January 8th. Citigroup began coverage on Corpay in a research note on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price objective on the stock. Finally, Morgan Stanley upped their target price on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th.

Corpay Stock Down 2.0 %

Shares of Corpay stock opened at $335.78 on Wednesday. Corpay has a 1 year low of $247.10 and a 1 year high of $400.81. The company has a market cap of $23.59 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.32 and a beta of 1.25. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The stock has a 50-day moving average price of $365.56 and a 200 day moving average price of $347.36.

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 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, analysts expect that Corpay will post 19.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the sale, the director now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Corpay

Several institutional investors and hedge funds have recently bought and sold shares of the business. Siemens Fonds Invest GmbH boosted its position in shares of Corpay by 716.6% during the 4th quarter. Siemens Fonds Invest GmbH now owns 5,855 shares of the company’s stock valued at $1,981,000 after acquiring an additional 5,138 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Corpay during the fourth quarter worth about $23,849,000. Jefferies Financial Group Inc. acquired a new stake in Corpay during the fourth quarter valued at approximately $3,285,000. Liberty Square Wealth Partners LLC bought a new stake in shares of Corpay in the 4th quarter valued at approximately $192,000. Finally, Toronto Dominion Bank grew its stake in shares of Corpay by 60.4% in the 4th quarter. Toronto Dominion Bank now owns 36,808 shares of the company’s stock valued at $12,457,000 after purchasing an additional 13,854 shares during the period. Institutional investors own 98.84% of the company’s stock.

Corpay Company Profile

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.