Corpay, Inc. (NYSE:CPAY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Corpay, Inc. (NYSE:CPAY) have been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $399.71.

Several research firms recently weighed in on CPAY. Citigroup began coverage on shares of Corpay in a report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Raymond James cut their price target on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company boosted their price target on shares of Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Finally, Royal Bank of Canada lifted their price objective on shares of Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th.

Corpay Trading Down 4.7 %

NYSE:CPAY opened at $348.85 on Wednesday. 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 market capitalization of $24.32 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 1.32 and a beta of 1.28. The firm has a fifty day simple moving average of $365.51 and a two-hundred day simple moving average of $347.04. Corpay has a 12 month low of $247.10 and a 12 month high of $400.81.

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 net margin of 25.25% and a return on equity of 41.46%. Analysts expect that Corpay will post 19.76 EPS for the current fiscal year.

Insider Activity

In related news, Director Richard Macchia sold 2,427 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were 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 represents a 16.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.10% of the company’s stock.

Institutional Trading of Corpay

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

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.