Corpay, Inc. (NYSE:CPAY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Corpay, Inc. (NYSE:CPAY) has been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $363.93.

CPAY has been the topic of several research analyst reports. Bank of America upped their price target on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group raised their price target on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley boosted their price objective on Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. BMO Capital Markets raised their target price on shares of Corpay from $350.00 to $390.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th.

Insider Activity at Corpay

In other news, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was 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 in the company, valued at $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. 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 the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 10,530 shares in the company, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their position. 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 large investors have recently bought and sold shares of the company. Albion Financial Group UT bought a new stake in shares of Corpay during the third quarter valued at approximately $27,000. LGT Financial Advisors LLC purchased a new position in shares of Corpay in the second quarter worth $33,000. Blue Trust Inc. lifted 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 in the last quarter. Innealta Capital LLC bought a new position in shares of Corpay during the second quarter valued at $36,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Corpay in the 2nd quarter worth about $40,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Trading Up 1.2 %

Shares of CPAY opened at $379.87 on Monday. The business’s 50-day moving average price is $338.38 and its 200-day moving average price is $301.21. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. Corpay has a twelve month low of $230.68 and a twelve month high of $380.00. The stock has a market cap of $26.48 billion, a PE ratio of 27.09, a P/E/G ratio of 1.47 and a beta of 1.21.

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.