Brokerages Set Corpay, Inc. (NYSE:CPAY) Target Price at $369.29

Corpay, Inc. (NYSE:CPAY) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $369.29.

Several brokerages have issued reports on CPAY. Morgan Stanley boosted their target price on Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Jefferies Financial Group upped 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. BMO Capital Markets lifted their target price 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 upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Corpay from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, December 9th.

Corpay Price Performance

CPAY stock opened at $346.25 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. The company’s fifty day moving average price is $357.31 and its 200-day moving average price is $314.85. Corpay has a one year low of $247.10 and a one year high of $385.30. The company has a market capitalization of $24.14 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23.

Insiders Place Their Bets

In related news, CAO Alissa B. Vickery sold 8,000 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 1,797 shares in the company, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph W. Farrelly sold 2,975 shares of the business’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 completion of the transaction, the director now owns 10,530 shares in the company, valued at $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CPAY. Principal Financial Group Inc. boosted its holdings in Corpay by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 86,539 shares of the company’s stock valued at $27,066,000 after acquiring an additional 2,175 shares during the period. American Trust purchased a new position in shares of Corpay in the 3rd quarter valued at $719,000. Peapack Gladstone Financial Corp raised its stake in Corpay by 0.3% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 40,416 shares of the company’s stock worth $12,640,000 after acquiring an additional 113 shares in the last quarter. Tidal Investments LLC lifted its position in Corpay by 1.5% in the third quarter. Tidal Investments LLC now owns 4,641 shares of the company’s stock valued at $1,452,000 after acquiring an additional 68 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Corpay in the third quarter valued at $364,000. Hedge funds and other 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.