Corpay, Inc. (NYSE:CPAY) Receives Average Rating of “Moderate Buy” from Analysts

Corpay, Inc. (NYSE:CPAY) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $369.29.

Several analysts recently issued reports on CPAY shares. Barclays increased their price target on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Jefferies Financial Group raised their target price on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Bank of America upped their price target on Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Citigroup lifted their price objective on shares of Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd.

Corpay Price Performance

CPAY opened at $339.09 on Friday. The company has a 50 day moving average of $357.14 and a two-hundred day moving average of $312.90. Corpay has a 52-week low of $247.10 and a 52-week high of $385.30. 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 company has a market cap of $23.64 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.43 and a beta of 1.24.

Insider Activity

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of the business’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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph W. Farrelly sold 2,975 shares of the 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 sale, the director now directly 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. Company insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Corpay

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of Corpay by 246.2% during the second quarter. Blue Trust Inc. now owns 135 shares of the company’s stock valued at $36,000 after purchasing an additional 96 shares during the last quarter. Raymond James & Associates grew its stake in Corpay by 5.0% during the 2nd quarter. Raymond James & Associates now owns 67,271 shares of the company’s stock worth $17,922,000 after buying an additional 3,214 shares during the last quarter. Capital Insight Partners LLC increased its position in Corpay by 2.5% in the second quarter. Capital Insight Partners LLC now owns 2,255 shares of the company’s stock worth $601,000 after buying an additional 55 shares during the period. Verdence Capital Advisors LLC lifted its stake in Corpay by 30.5% in the second quarter. Verdence Capital Advisors LLC now owns 18,951 shares of the company’s stock valued at $5,049,000 after buying an additional 4,433 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Corpay by 1.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 17,477 shares of the company’s stock valued at $4,656,000 after acquiring an additional 227 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.