Corpay, Inc. (NYSE:CPAY) Receives Average Rating of “Moderate Buy” from Analysts

Corpay, Inc. (NYSE:CPAY) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $399.71.

Several research firms have recently issued reports on CPAY. Raymond James decreased their price target on Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company increased their price target on Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target on the stock in a research report on Wednesday, January 8th. BMO Capital Markets raised their target price on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Royal Bank of Canada boosted their target price 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 Up 2.4 %

Shares of NYSE CPAY opened at $377.25 on Friday. The stock has a market cap of $26.30 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.33 and a beta of 1.28. The business has a 50 day simple moving average of $361.28 and a 200 day simple moving average of $338.45. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. Corpay has a 52 week low of $247.10 and a 52 week high of $400.81.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. On average, research analysts predict that Corpay will post 20.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 transaction, the chief accounting officer now directly owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction dated 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 in the company, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Corpay

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in shares of Corpay in the 2nd quarter valued at $515,000. Park Avenue Securities LLC bought a new stake in Corpay during the third quarter worth about $454,000. Czech National Bank increased its holdings in shares of Corpay by 5.6% during the third quarter. Czech National Bank now owns 14,144 shares of the company’s stock worth $4,424,000 after buying an additional 753 shares in the last quarter. Mather Group LLC. raised its stake in shares of Corpay by 21.2% in the third quarter. Mather Group LLC. now owns 200 shares of the company’s stock valued at $63,000 after acquiring an additional 35 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Corpay by 4.2% in the 3rd quarter. CWM LLC now owns 1,665 shares of the company’s stock worth $521,000 after acquiring an additional 67 shares in the last quarter. 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.