Corpay (NYSE:CPAY) Price Target Lowered to $417.00 at Raymond James

Corpay (NYSE:CPAY - Free Report) had its target price cut by Raymond James from $434.00 to $417.00 in a research report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently issued reports on CPAY. Bank of America boosted their target price on Corpay from $344.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Citigroup initiated coverage on shares of Corpay in a report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price objective for the company. Royal Bank of Canada boosted their price target on shares of Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research report on Thursday. Barclays increased their price target on shares of Corpay from $385.00 to $415.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. Finally, Morgan Stanley lifted their price objective on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $399.71.

Corpay Trading Down 0.2 %

Shares of NYSE CPAY traded down $0.80 during mid-day trading on Thursday, hitting $375.06. The stock had a trading volume of 511,245 shares, compared to its average volume of 455,818. The firm has a market cap of $26.15 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. 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 business has a 50 day moving average price of $361.61 and a two-hundred day moving average price of $336.86. Corpay has a 1 year low of $247.10 and a 1 year high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data 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 net margin of 25.25% and a return on equity of 41.46%. On average, equities analysts anticipate that Corpay will post 20.62 EPS for the current fiscal year.

Insider Buying and Selling at Corpay

In related 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 transaction of $1,116,160.50. Following the transaction, the director now directly owns 10,530 shares in the company, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Alissa B. Vickery sold 8,000 shares of the firm's stock in a transaction on 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 sale, the chief accounting officer now owns 1,797 shares in the company, valued at $664,961.88. The trade was 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 institutional investors have recently made changes to their positions in CPAY. Albion Financial Group UT bought a new stake in Corpay during the 3rd quarter valued at about $27,000. Avion Wealth increased its holdings in shares of Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after acquiring an additional 91 shares during the period. Versant Capital Management Inc raised its holdings in Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 60 shares in the last quarter. Huntington National Bank grew its holdings in Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after purchasing an additional 40 shares during the last quarter. Finally, Quarry LP purchased a new position in Corpay during the 3rd quarter worth $42,000. 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.