Corpay, Inc. (NYSE:CPAY) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Corpay, Inc. (NYSE:CPAY - Get Free Report) have earned an average rating of "Moderate Buy" from the fifteen analysts that are covering the company, MarketBeat reports. Three investment 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 twelve-month price target among brokers that have updated their coverage on the stock in the last year is $399.71.

A number of brokerages have recently issued reports on CPAY. Morgan Stanley increased their price objective on shares of Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Royal Bank of Canada increased their price objective on shares of Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Citigroup began coverage on shares of Corpay in a research note on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price objective for the company. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Bank of America increased their price objective on shares of Corpay from $344.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th.

Corpay Stock Performance

Shares of NYSE CPAY traded down $6.04 during trading hours on Friday, hitting $369.11. 448,807 shares of the stock were exchanged, compared to its average volume of 461,756. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The company's 50 day moving average is $361.45 and its 200 day moving average is $337.49. The firm has a market capitalization of $25.73 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.33 and a beta of 1.28. Corpay has a one year low of $247.10 and a one year high of $400.81.

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

Insider Buying and Selling at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the transaction, the director now owns 12,215 shares of the company's stock, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 in the company, valued at $664,961.88. This trade represents a 81.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,402 shares of company stock worth $4,987,164. 6.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Albion Financial Group UT bought a new position in Corpay during the 3rd quarter worth approximately $27,000. Avion Wealth boosted its stake in Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after acquiring an additional 91 shares during the last quarter. Versant Capital Management Inc boosted its stake in Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 60 shares during the last quarter. Spire Wealth Management bought a new position in Corpay during the 4th quarter worth approximately $42,000. Finally, Assetmark Inc. boosted its stake in Corpay by 93.8% during the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after acquiring an additional 60 shares during the last quarter. 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.