Corpay (NYSE:CPAY) Price Target Raised to $355.00 at Barclays

Corpay (NYSE:CPAY) had its price target upped by Barclays from $340.00 to $355.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

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

Corpay Stock Down 0.4 %

Corpay stock opened at $294.41 on Tuesday. Corpay has a 1 year low of $204.04 and a 1 year high of $319.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $21.26 billion, a PE ratio of 22.30, a PEG ratio of 1.13 and a beta of 1.23.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, February 7th. The company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.16 by $0.01. Corpay had a return on equity of 37.56% and a net margin of 26.13%. The company had revenue of $937.32 million during the quarter, compared to the consensus estimate of $968.39 million. On average, sell-side analysts anticipate that Corpay will post 18.17 EPS for the current year.

Hedge Funds Weigh In On Corpay

A number of institutional investors and hedge funds have recently modified their holdings of CPAY. Los Angeles Capital Management LLC bought a new position in shares of Corpay during the 1st quarter worth approximately $33,840,000. GAMMA Investing LLC bought a new position in shares of Corpay during the 1st quarter worth approximately $149,000. Pensionfund Sabic bought a new position in shares of Corpay during the 1st quarter worth approximately $1,327,000. Beese Fulmer Investment Management Inc. bought a new position in shares of Corpay during the 1st quarter worth approximately $1,398,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in shares of Corpay during the first quarter worth approximately $61,000. 98.84% of the stock is currently 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.