Corpay (NYSE:CPAY) Given New $445.00 Price Target at Keefe, Bruyette & Woods

Corpay (NYSE:CPAY - Free Report) had its target price boosted by Keefe, Bruyette & Woods from $415.00 to $445.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

CPAY has been the subject of several other reports. BMO Capital Markets lifted their price target on shares of Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Bank of America boosted their target price on Corpay from $344.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Citigroup began coverage on Corpay in a report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price target for the company. Wells Fargo & Company upped their price objective on Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Finally, Morgan Stanley upped their price target on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and an average price target of $399.71.

Corpay Price Performance

Shares of CPAY stock traded down $0.80 during trading hours on Thursday, hitting $375.06. The company had a trading volume of 511,245 shares, compared to its average volume of 455,818. Corpay has a 12 month low of $247.10 and a 12 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 firm's fifty day moving average is $361.61 and its 200 day moving average is $336.86. The firm has a market capitalization of $26.15 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.33 and a beta of 1.28.

Corpay (NYSE:CPAY - Get Free Report) last announced 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, sell-side analysts predict that Corpay will post 20.62 EPS for the current fiscal year.

Insider Activity

In other news, CAO Alissa B. Vickery sold 8,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 1,797 shares of the company's stock, valued at $664,961.88. This trade represents a 81.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the completion of the sale, the director now owns 10,530 shares in the company, valued at $3,950,645.40. This trade represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC raised its stake in shares of Corpay by 16.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after purchasing an additional 29 shares in the last quarter. Tealwood Asset Management Inc. increased its holdings in Corpay by 0.7% during the fourth quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company's stock worth $1,420,000 after buying an additional 30 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Corpay by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock worth $2,018,000 after acquiring an additional 30 shares in the last quarter. IFP Advisors Inc lifted its stake in Corpay by 2.7% in the fourth 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 last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in Corpay by 3.5% in the 4th quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock valued at $318,000 after purchasing an additional 32 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.