Corpay (NYSE:CPAY) Price Target Raised to $320.00 at Wells Fargo & Company

Corpay (NYSE:CPAY) had its price target boosted by Wells Fargo & Company from $285.00 to $320.00 in a research report released on Monday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other analysts have also issued research reports about the company. Jefferies Financial Group lifted their target price on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays raised their price target on shares of Corpay from $330.00 to $385.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. William Blair raised shares of Corpay to a “strong-buy” rating in a report on Thursday, August 8th. Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, September 3rd. Finally, Bank of America lifted their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $353.33.

Corpay Trading Down 1.3 %

NYSE CPAY opened at $348.95 on Monday. Corpay has a 12 month low of $220.39 and a 12 month high of $355.47. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. The stock’s fifty day moving average price is $313.82 and its 200-day moving average price is $292.49. The stock has a market cap of $24.52 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.33 and a beta of 1.22.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $4.55 EPS for the quarter, beating the consensus estimate of $4.51 by $0.04. The company had revenue of $975.70 million for the quarter, compared to the consensus estimate of $973.84 million. Corpay had a net margin of 26.41% and a return on equity of 38.93%. Corpay’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.85 EPS. As a group, equities analysts forecast that Corpay will post 17.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Albion Financial Group UT bought a new stake in Corpay during the 3rd quarter worth approximately $27,000. Headlands Technologies LLC purchased a new position in shares of Corpay in the 1st quarter worth approximately $31,000. LGT Financial Advisors LLC bought a new position in Corpay during the second quarter valued at $33,000. Sunbelt Securities Inc. bought a new position in Corpay during the 1st quarter valued at about $34,000. Finally, RFP Financial Group LLC purchased a new stake in shares of Corpay in the first quarter worth approximately $35,000. 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.