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

Shares of Corpay, Inc. (NYSE:CPAY) have been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $399.71.

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada increased their price target on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research report on Thursday. Raymond James lowered their price target on Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a research report on Thursday. Jefferies Financial Group increased their price objective on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price for the company in a research note on Wednesday, January 8th.

Corpay Stock Down 3.6 %

Shares of Corpay stock opened at $375.53 on Friday. The firm has a market cap of $26.18 billion, a PE ratio of 26.79, a P/E/G ratio of 1.30 and a beta of 1.28. The business’s 50 day simple moving average is $361.72 and its 200 day simple moving average is $335.59. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. Corpay has a 52-week low of $247.10 and a 52-week high of $400.81.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a net margin of 26.14% and a return on equity of 39.44%. On average, analysts predict that Corpay will post 17.84 earnings per share for the current fiscal year.

Insider Transactions at Corpay

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

Institutional Trading of Corpay

A number of institutional investors have recently bought and sold shares of CPAY. Exchange Traded Concepts LLC raised its position in shares of Corpay by 16.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $69,000 after buying an additional 29 shares in the last quarter. Tealwood Asset Management Inc. increased its stake in Corpay by 0.7% during the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock worth $1,420,000 after acquiring an additional 30 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Corpay by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company’s stock valued at $2,018,000 after acquiring an additional 30 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Corpay by 2.7% during the 4th quarter. IFP Advisors Inc now owns 1,151 shares of the company’s stock valued at $390,000 after acquiring an additional 30 shares during the period. Finally, Lake Street Advisors Group LLC increased its position in shares of Corpay by 3.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company’s stock worth $318,000 after purchasing an additional 32 shares during the period. Institutional investors own 98.84% of the company’s stock.

About Corpay

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.