Corpay (NYSE:CPAY) Price Target Increased to $355.00 by Analysts at Jefferies Financial Group

Corpay (NYSE:CPAY) had its target price hoisted by Jefferies Financial Group from $340.00 to $355.00 in a report issued on Friday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Separately, Robert W. Baird increased 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 %

Corpay stock opened at $296.29 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.04 and a quick ratio of 1.04. Corpay has a one year low of $204.04 and a one year high of $319.94. The firm has a market capitalization of $21.39 billion, a PE ratio of 22.45, a P/E/G ratio of 1.14 and a beta of 1.23.

Institutional Investors Weigh In On Corpay

A number of institutional investors and hedge funds have recently made changes to their positions in CPAY. Sunbelt Securities Inc. purchased a new stake in shares of Corpay in the first quarter worth $34,000. Massmutual Trust Co. FSB ADV purchased a new stake in Corpay during the first quarter valued at about $61,000. GAMMA Investing LLC purchased a new stake in Corpay during the first quarter valued at about $149,000. Wedmont Private Capital purchased a new stake in Corpay during the first quarter valued at about $242,000. Finally, Epiq Partners LLC purchased a new stake in Corpay during the first quarter valued at about $371,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.