Corpay (NYSE:CPAY) Sets New 1-Year High – Should You Buy?

Shares of Corpay, Inc. (NYSE:CPAY) reached a new 52-week high on Thursday . The company traded as high as $387.58 and last traded at $384.90, with a volume of 12525 shares trading hands. The stock had previously closed at $381.22.

Analyst Ratings Changes

Several research analysts have weighed in on CPAY shares. BMO Capital Markets upped their price objective on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price on the stock in a report on Wednesday, January 8th. Citigroup started coverage on shares of Corpay in a research note on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target for the company. Jefferies Financial Group boosted their price objective on shares of Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley upped their target price on shares of Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Corpay has an average rating of “Moderate Buy” and an average price target of $381.43.

Corpay Stock Down 1.8 %

The company has a market cap of $26.53 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.30 and a beta of 1.26. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50-day moving average price of $361.47 and a 200 day moving average price of $333.08.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Thursday, November 7th. The company reported $4.72 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.05. Corpay had a return on equity of 39.44% and a net margin of 26.14%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $4.20 EPS. Sell-side analysts predict that Corpay, Inc. will post 17.84 EPS for the current year.

Insider Buying and Selling

In other news, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the sale, the director now directly owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total value of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now owns 1,797 shares in the company, valued at $664,961.88. The trade was a 81.66 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Corpay

A number of large investors have recently bought and sold shares of the company. Albion Financial Group UT acquired a new position in shares of Corpay during the 3rd quarter worth $27,000. Avion Wealth grew its position in Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company’s stock valued at $33,000 after acquiring an additional 91 shares during the last quarter. Versant Capital Management Inc raised its stake in Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 60 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after acquiring an additional 40 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Corpay in the third quarter worth about $42,000. 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.