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

Corpay, Inc. (NYSE:CPAY) has earned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $369.29.

CPAY has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Corpay from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Wells Fargo & Company lifted their price target on shares of Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Barclays upped their price target on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Citigroup lifted their price objective on Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group upped their target price on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 16th.

Corpay Trading Down 0.0 %

NYSE:CPAY opened at $339.09 on Friday. The stock has a market capitalization of $23.64 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.43 and a beta of 1.24. Corpay has a 1 year low of $247.10 and a 1 year high of $385.30. The stock has a fifty day moving average price of $357.14 and a two-hundred day moving average price of $312.90. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05.

Insider Activity

In other news, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the sale, the director now owns 10,530 shares of the company’s stock, valued at $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Alissa B. Vickery sold 8,000 shares of the 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. This trade represents a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Corpay

Several hedge funds have recently modified their holdings of CPAY. Albion Financial Group UT purchased a new position in Corpay during the third quarter worth approximately $27,000. LGT Financial Advisors LLC acquired a new stake in shares of Corpay during the 2nd quarter worth $33,000. Blue Trust Inc. raised its position in shares of Corpay by 246.2% in the 2nd quarter. Blue Trust Inc. now owns 135 shares of the company’s stock worth $36,000 after buying an additional 96 shares during the period. Innealta Capital LLC acquired a new position in Corpay in the second quarter valued at $36,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Corpay during the second quarter valued at about $40,000. 98.84% of the stock is owned by institutional investors and hedge funds.

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.