Corpay, Inc. (NYSE:CPAY) Receives $399.71 Average PT from Analysts

Shares of Corpay, Inc. (NYSE:CPAY - Get Free Report) have received an average recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings 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 12 month price objective among brokers that have updated their coverage on the stock in the last year is $399.71.

A number of research firms have commented on CPAY. Raymond James reduced their price objective on shares of 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 upped their price objective on shares of Corpay from $340.00 to $375.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods upped their price objective on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Citigroup assumed coverage on Corpay in a report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 target price on the stock. Finally, Wolfe Research upgraded Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 target price on the stock in a report on Wednesday, January 8th.

Corpay Price Performance

NYSE CPAY traded down $6.98 on Wednesday, reaching $335.78. The company's stock had a trading volume of 850,856 shares, compared to its average volume of 486,560. Corpay has a twelve month low of $247.10 and a twelve month high of $400.81. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The stock has a market cap of $23.59 billion, a PE ratio of 24.02, a PEG ratio of 1.32 and a beta of 1.25. The firm's 50 day moving average is $365.56 and its two-hundred day moving average is $347.36.

Remove Ads

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 EPS 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%. As a group, sell-side analysts predict that Corpay will post 19.76 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was 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 in the company, valued at approximately $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Corpay

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Corpay by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock worth $2,623,702,000 after purchasing an additional 120,688 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Corpay by 20.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock worth $1,976,651,000 after purchasing an additional 1,000,699 shares during the period. JPMorgan Chase & Co. boosted its position in Corpay by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock worth $1,653,659,000 after purchasing an additional 120,578 shares during the period. FMR LLC boosted its position in Corpay by 3.0% during the third quarter. FMR LLC now owns 2,692,847 shares of the company's stock worth $842,215,000 after purchasing an additional 78,880 shares during the period. Finally, Boston Partners boosted its position in Corpay by 6.4% during the fourth quarter. Boston Partners now owns 2,045,398 shares of the company's stock worth $694,847,000 after purchasing an additional 122,380 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.