Corpay (NYSE:CPAY) PT Raised to $355.00

Corpay (NYSE:CPAY) had its price target increased by Citigroup from $325.00 to $355.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently issued reports on CPAY. Robert W. Baird increased their price target on Corpay from $355.00 to $376.00 and gave the company an outperform rating in a report on Thursday, April 4th. Barclays increased their price target on Corpay from $340.00 to $355.00 and gave the company an overweight rating in a report on Tuesday. Finally, Jefferies Financial Group increased their price target on Corpay from $340.00 to $355.00 and gave the company a buy rating in a report on Friday, April 12th.

Corpay Price Performance

Shares of Corpay stock opened at $296.27 on Wednesday. Corpay has a fifty-two week low of $204.04 and a fifty-two week high of $319.94. The firm has a market cap of $21.39 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 1.13 and a beta of 1.23. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.04 and a current ratio of 1.04.

Institutional Trading of Corpay

Several large investors have recently modified their holdings of the business. Sunbelt Securities Inc. acquired a new stake in shares of Corpay during the first quarter valued at about $34,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Corpay during the first quarter valued at about $61,000. Financial Management Professionals Inc. acquired a new stake in shares of Corpay during the first quarter valued at about $130,000. GAMMA Investing LLC bought a new position in shares of Corpay during the first quarter worth about $149,000. Finally, Wedmont Private Capital bought a new position in shares of Corpay during the first quarter worth about $242,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.