Corpay (NYSE:CPAY) Price Target Raised to $355.00 at Jefferies Financial Group

Corpay (NYSE:CPAY) had its price target boosted by Jefferies Financial Group from $340.00 to $355.00 in a research note published on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Robert W. Baird upped their price objective on Corpay from $355.00 to $376.00 and gave the stock an outperform rating in a research report on Thursday, April 4th.

Corpay Stock Down 1.2 %

CPAY stock opened at $296.29 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.40. The stock has a market cap of $21.39 billion, a PE ratio of 22.45, a PEG ratio of 1.14 and a beta of 1.23. Corpay has a fifty-two week low of $204.04 and a fifty-two week high of $319.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Agate Pass Investment Management LLC acquired a new position in Corpay during the first quarter valued at approximately $3,937,000. Epiq Partners LLC acquired a new position in Corpay during the first quarter valued at approximately $371,000. Sunbelt Securities Inc. acquired a new position in Corpay during the first quarter valued at approximately $34,000. Eagle Rock Investment Company LLC acquired a new position in Corpay during the first quarter valued at approximately $2,889,000. Finally, Charles Schwab Trust Co acquired a new position in Corpay during the first quarter valued at approximately $1,234,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Company Profile

FLEETCOR Technologies, Inc is a global commercial payments solution provider. Through its portfolio of brands, FLEETCOR helps companies automate, secure, digitize and control payments to, or on behalf of, their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific.