Corpay (NYSE:CPAY) Stock Rating Lowered by Wolfe Research

Wolfe Research downgraded shares of Corpay (NYSE:CPAYFree Report) from a peer perform rating to an underperform rating in a research report released on Friday morning, Marketbeat Ratings reports. Wolfe Research currently has $295.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on the company. Barclays reduced their price objective on Corpay from $355.00 to $350.00 and set an overweight rating for the company in a report on Monday, May 13th. Citigroup upped their price objective on Corpay from $325.00 to $355.00 and gave the company a buy rating in a report on Wednesday, April 17th. BMO Capital Markets dropped their target price on Corpay from $360.00 to $350.00 and set an outperform rating for the company in a report on Thursday, May 9th. Royal Bank of Canada upped their price target on shares of Corpay from $302.00 to $310.00 and gave the company a sector perform rating in a research note on Thursday, May 9th. Finally, Robert W. Baird lifted their price objective on shares of Corpay from $355.00 to $376.00 and gave the stock an outperform rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $341.57.

Get Our Latest Stock Analysis on CPAY

Corpay Price Performance

Shares of CPAY opened at $279.53 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $19.64 billion, a PE ratio of 20.80, a P/E/G ratio of 1.09 and a beta of 1.21. Corpay has a fifty-two week low of $220.39 and a fifty-two week high of $319.94.

Institutional Investors Weigh In On Corpay

Several institutional investors and hedge funds have recently bought and sold shares of CPAY. Global Retirement Partners LLC acquired a new position in shares of Corpay in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Corpay in the first quarter valued at approximately $31,000. Sunbelt Securities Inc. acquired a new position in Corpay during the first quarter valued at approximately $34,000. RFP Financial Group LLC bought a new stake in Corpay during the first quarter worth $35,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Corpay in the 1st quarter valued at $46,000. 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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