Corpay (NYSE:CPAY) Price Target Lowered to $415.00 at Keefe, Bruyette & Woods

Corpay (NYSE:CPAY - Get Free Report) had its price objective lowered by investment analysts at Keefe, Bruyette & Woods from $425.00 to $415.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price points to a potential upside of 21.11% from the company's previous close.

Other analysts have also recently issued reports about the company. Morgan Stanley upped their price target on Corpay from $325.00 to $350.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. BMO Capital Markets upped their target price on shares of Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Jefferies Financial Group lifted their price target on shares of Corpay from $375.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Barclays upped their price objective 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, Wells Fargo & Company lifted their target price on shares of Corpay from $285.00 to $320.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $368.57.

Corpay Price Performance

CPAY traded up $0.81 during midday trading on Monday, reaching $342.66. 509,878 shares of the company's stock were exchanged, compared to its average volume of 424,189. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The business has a 50-day simple moving average of $356.25 and a two-hundred day simple moving average of $320.39. The firm has a market capitalization of $23.89 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. Corpay has a one year low of $247.10 and a one year high of $385.30.

Insider Buying and Selling

In other news, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction on 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 of the company's stock, valued at $664,961.88. This represents a 81.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of the firm'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 transaction, the director now owns 10,530 shares in the company, valued at $3,950,645.40. This represents a 22.03 % 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 Investors Weigh In On Corpay

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Albion Financial Group UT acquired a new position in shares of Corpay during the 3rd quarter worth about $27,000. Versant Capital Management Inc grew its holdings in Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 60 shares during the period. Huntington National Bank increased its stake in Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company's stock valued at $42,000 after purchasing an additional 40 shares in the last quarter. Quarry LP acquired a new stake in Corpay in the third quarter worth $42,000. Finally, Continuum Advisory LLC boosted its position in shares of Corpay by 47.9% during the third quarter. Continuum Advisory LLC now owns 142 shares of the company's stock worth $44,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

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.