Barclays Trims Corpay (NYSE:CPAY) Target Price to $350.00

Corpay (NYSE:CPAYFree Report) had its price target lowered by Barclays from $355.00 to $350.00 in a research note released on Monday, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts also recently commented on CPAY. Royal Bank of Canada raised their price objective on shares of Corpay from $302.00 to $310.00 and gave the stock a sector perform rating in a report on Thursday, May 9th. BMO Capital Markets decreased their price objective on Corpay from $360.00 to $350.00 and set an outperform rating on the stock in a research note on Thursday, May 9th. Jefferies Financial Group lifted their target price on Corpay from $340.00 to $355.00 and gave the company a buy rating in a report on Friday, April 12th. Robert W. Baird increased their price target on shares of Corpay from $355.00 to $376.00 and gave the stock an outperform rating in a report on Thursday, April 4th. Finally, Citigroup boosted their price objective on shares of Corpay from $325.00 to $355.00 and gave the company a buy rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $349.33.

Read Our Latest Stock Analysis on CPAY

Corpay Stock Down 1.5 %

NYSE CPAY opened at $279.06 on Monday. The stock has a market cap of $19.61 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.48. Corpay has a 52 week low of $220.39 and a 52 week high of $319.94.

Institutional Investors Weigh In On Corpay

Large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new stake in Corpay in the 1st quarter worth approximately $33,840,000. GAMMA Investing LLC purchased a new stake in shares of Corpay in the 1st quarter valued at $149,000. Pensionfund Sabic bought a new position in shares of Corpay during the 1st quarter valued at $1,327,000. Beese Fulmer Investment Management Inc. bought a new position in shares of Corpay during the 1st quarter valued at $1,398,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in Corpay during the first quarter valued at about $61,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Company Profile

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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.

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Analyst Recommendations for Corpay (NYSE:CPAY)

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