Analysts Set Corpay, Inc. (NYSE:CPAY) PT at $369.29

Corpay, Inc. (NYSE:CPAY) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $369.29.

CPAY has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. BMO Capital Markets lifted their price objective on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Wolfe Research raised shares of Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company lifted their price target on shares of Corpay from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group increased their price objective on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th.

Corpay Stock Up 1.4 %

Corpay stock opened at $343.83 on Friday. The company’s 50-day moving average price is $357.23 and its two-hundred day moving average price is $313.88. The stock has a market cap of $23.97 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.43 and a beta of 1.24. Corpay has a 52 week low of $247.10 and a 52 week high of $385.30. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69.

Insider Transactions at Corpay

In other news, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the transaction, the chief accounting officer now owns 1,797 shares in the company, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the transaction, the director now directly owns 10,530 shares of the company’s stock, valued at $3,950,645.40. This represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of Corpay by 1,734.1% in the 2nd quarter. American Century Companies Inc. now owns 400,662 shares of the company’s stock valued at $106,740,000 after purchasing an additional 378,817 shares during the period. TD Asset Management Inc bought a new stake in shares of Corpay in the 2nd quarter worth about $41,475,000. International Assets Investment Management LLC acquired a new stake in shares of Corpay during the 3rd quarter worth about $40,497,000. Prana Capital Management LP bought a new position in Corpay during the 3rd quarter valued at about $31,541,000. Finally, FMR LLC boosted its position in Corpay by 3.0% in the third quarter. FMR LLC now owns 2,692,847 shares of the company’s stock valued at $842,215,000 after buying an additional 78,880 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

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.