Analysts Set Corpay, Inc. (NYSE:CPAY) Price Target at $363.93

Corpay, Inc. (NYSE:CPAY) has been given an average rating of “Moderate Buy” by the fifteen research firms that are covering the stock, MarketBeat Ratings reports. 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. The average 1 year price objective among brokers that have covered the stock in the last year is $363.93.

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. BMO Capital Markets raised their price objective on Corpay from $350.00 to $390.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Wells Fargo & Company boosted their target price on Corpay from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Bank of America raised their price target on Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, William Blair upgraded shares of Corpay to a “strong-buy” rating in a research note on Thursday, August 8th.

Insider Buying and Selling

In related news, Director Joseph W. Farrelly sold 2,975 shares of the business’s 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Alissa B. Vickery sold 8,000 shares of the company’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 sale, the chief accounting officer now directly owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This represents a 81.66 % 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 corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CPAY. Albion Financial Group UT bought a new position in Corpay in the 3rd quarter worth $27,000. LGT Financial Advisors LLC purchased a new position in shares of Corpay in the second quarter valued at about $33,000. Blue Trust Inc. boosted its stake in shares of Corpay by 246.2% in the second quarter. Blue Trust Inc. now owns 135 shares of the company’s stock worth $36,000 after acquiring an additional 96 shares during the period. Innealta Capital LLC purchased a new stake in shares of Corpay during the second quarter worth about $36,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Corpay during the 2nd quarter valued at approximately $40,000. Institutional investors own 98.84% of the company’s stock.

Corpay Stock Performance

Shares of CPAY stock opened at $381.18 on Monday. The company’s fifty day moving average price is $345.66 and its 200-day moving average price is $304.65. The stock has a market cap of $26.57 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.49 and a beta of 1.21. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69. Corpay has a 12 month low of $236.15 and a 12 month high of $385.30.

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.