Corpay, Inc. (NYSE:CPAY) Receives $363.93 Average PT from Brokerages

Shares of Corpay, Inc. (NYSE:CPAY) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $363.93.

A number of analysts have recently issued reports on the stock. Bank of America raised their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Citigroup raised their price objective on shares of Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on Corpay from $327.00 to $353.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Jefferies Financial Group lifted their price target on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods upped their price objective on Corpay from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Corpay

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its holdings in Corpay by 3.0% in the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company’s stock worth $842,215,000 after purchasing an additional 78,880 shares in the last quarter. Boston Partners acquired a new position in shares of Corpay in the first quarter valued at approximately $553,667,000. Geode Capital Management LLC increased its stake in shares of Corpay by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,677,899 shares of the company’s stock valued at $523,061,000 after buying an additional 23,275 shares during the period. Mawer Investment Management Ltd. raised its holdings in Corpay by 1.1% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,177,297 shares of the company’s stock valued at $313,644,000 after buying an additional 12,338 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Corpay by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 718,752 shares of the company’s stock worth $191,497,000 after buying an additional 70,408 shares during the period. 98.84% of the stock is owned by institutional investors.

Corpay Trading Down 0.4 %

Shares of Corpay stock opened at $380.60 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day simple moving average of $342.82 and a two-hundred day simple moving average of $303.14. Corpay has a 1 year low of $231.30 and a 1 year high of $385.30. The company has a market capitalization of $26.53 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 1.49 and a beta of 1.21.

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.