Corpay (NYSE:CPAY) Now Covered by Oppenheimer

Investment analysts at Oppenheimer assumed coverage on shares of Corpay (NYSE:CPAY) in a research report issued on Monday,Briefing.com Automated Import reports. The firm set a “market perform” rating on the stock.

Several other equities research analysts also recently weighed in on CPAY. Raymond James decreased their price objective on Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Wolfe Research upgraded Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective on the stock in a report on Wednesday, January 8th. Morgan Stanley boosted their price target on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Barclays lowered their price objective on Corpay from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, Citigroup assumed coverage on Corpay in a report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $397.62.

Corpay Trading Up 0.5 %

NYSE CPAY opened at $323.64 on Monday. Corpay has a 52 week low of $247.10 and a 52 week high of $400.81. The firm has a 50 day moving average of $334.94 and a two-hundred day moving average of $351.42. The stock has a market capitalization of $22.74 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 EPS 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%. As a group, research analysts expect that Corpay will post 19.76 EPS for the current fiscal year.

Insiders Place Their Bets

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 completion of the transaction, the director now directly owns 12,215 shares of the company’s stock, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Institutional Trading of Corpay

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPAY. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Corpay by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,254 shares of the company’s stock worth $2,878,000 after acquiring an additional 189 shares during the period. Kendall Capital Management increased its stake in Corpay by 5.2% in the 1st quarter. Kendall Capital Management now owns 3,536 shares of the company’s stock worth $1,233,000 after acquiring an additional 175 shares during the last quarter. Amalgamated Bank raised its position in shares of Corpay by 2.2% during the 1st quarter. Amalgamated Bank now owns 15,152 shares of the company’s stock valued at $5,284,000 after buying an additional 331 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Corpay by 18.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,481 shares of the company’s stock worth $2,594,000 after acquiring an additional 1,189 shares in the last quarter. Finally, Board of the Pension Protection Fund grew its stake in shares of Corpay by 300.0% during the first quarter. Board of the Pension Protection Fund now owns 800 shares of the company’s stock valued at $279,000 after buying an additional 600 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

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.