Corpay, Inc. (NYSE:CPAY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Corpay, Inc. (NYSE:CPAY) have been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $399.71.

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Raymond James dropped their target price on Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. BMO Capital Markets upped their price target on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada lifted their price objective on shares of Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley upped their target price on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th.

Corpay Stock Performance

Corpay stock opened at $346.79 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. Corpay has a 12 month low of $247.10 and a 12 month high of $400.81. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. The stock’s 50-day moving average is $363.75 and its 200-day moving average is $351.85.

Corpay (NYSE:CPAY) 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%. Equities analysts anticipate that Corpay will post 19.76 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the transaction, the director now directly owns 12,215 shares in the company, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.10% of the company’s stock.

Institutional Trading of Corpay

Institutional investors and hedge funds have recently modified their holdings of the business. Avion Wealth grew its position in shares of Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock valued at $33,000 after buying an additional 91 shares during the last quarter. Colonial Trust Co SC grew its holdings in shares of Corpay by 120.5% during the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company’s stock valued at $33,000 after purchasing an additional 53 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 60 shares during the period. Quarry LP bought a new stake in shares of Corpay in the 3rd quarter worth approximately $42,000. Finally, Spire Wealth Management acquired a new position in Corpay during the 4th quarter valued at approximately $42,000. 98.84% of the stock is owned by institutional investors and hedge funds.

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.