Corpay (NYSE:CPAY) Price Target Lowered to $415.00 at Keefe, Bruyette & Woods

Corpay (NYSE:CPAY) had its target price decreased by Keefe, Bruyette & Woods from $425.00 to $415.00 in a research note issued to investors on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

CPAY has been the topic of a number of other reports. Citigroup increased their price target on shares of Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Barclays increased their target price on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. BMO Capital Markets lifted their price target on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Morgan Stanley increased their price target on Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company boosted their price objective on Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $368.57.

Corpay Trading Up 0.2 %

Shares of NYSE:CPAY opened at $342.66 on Monday. The company has a market capitalization of $23.89 billion, a PE ratio of 24.44, a PEG ratio of 1.40 and a beta of 1.24. Corpay has a 12-month low of $247.10 and a 12-month high of $385.30. The business has a 50 day moving average of $356.32 and a two-hundred day moving average of $320.96. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69.

Insider Buying and Selling at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction that occurred 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 transaction, the director now owns 10,530 shares in the company, valued at approximately $3,950,645.40. This trade represents 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 this link. Also, CAO Alissa B. Vickery sold 8,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total value of $2,960,320.00. Following the completion of the sale, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. The trade was 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 insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Albion Financial Group UT acquired a new stake in shares of Corpay during the 3rd quarter worth approximately $27,000. Versant Capital Management Inc grew its position in Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 60 shares during the period. Huntington National Bank increased its stake in Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after acquiring an additional 40 shares during the last quarter. Quarry LP purchased a new stake in Corpay in the third quarter valued at $42,000. Finally, Continuum Advisory LLC lifted its stake in shares of Corpay by 47.9% in the 3rd quarter. Continuum Advisory LLC now owns 142 shares of the company’s stock valued at $44,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.