Corpay (NYSE:CPAY – Free Report) had its target price lifted by Keefe, Bruyette & Woods from $380.00 to $400.00 in a research note released on Friday,Benzinga reports. They currently have an outperform rating on the stock.
CPAY has been the topic of several other reports. BMO Capital Markets increased their price target on shares of Corpay from $350.00 to $390.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Barclays raised their price objective on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of Corpay from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Jefferies Financial Group increased their price target on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $358.57.
Check Out Our Latest Research Report on CPAY
Corpay Stock Up 2.0 %
Institutional Trading of Corpay
A number of large investors have recently modified their holdings of CPAY. Janney Montgomery Scott LLC bought a new position in Corpay in the 1st quarter worth about $316,000. Nordea Investment Management AB acquired a new stake in Corpay in the 1st quarter valued at approximately $1,674,000. Texas Permanent School Fund Corp bought a new stake in Corpay during the 1st quarter valued at $4,602,000. Empirical Finance LLC acquired a new position in Corpay during the 1st quarter worth $829,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Corpay in the first quarter worth $966,000. Institutional investors and hedge funds 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.
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