Corpay (NYSE:CPAY) PT Raised to $355.00 at Barclays

Corpay (NYSE:CPAY) had its price target raised by equities researchers at Barclays from $340.00 to $355.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 19.82% from the company’s current price.

A number of other equities analysts also recently commented on CPAY. Robert W. Baird increased their price objective on Corpay from $355.00 to $376.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Jefferies Financial Group increased their price objective on Corpay from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, April 12th.

Corpay Price Performance

NYSE CPAY opened at $296.27 on Tuesday. 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 company has a market capitalization of $21.39 billion, a PE ratio of 22.44, a P/E/G ratio of 1.13 and a beta of 1.23. Corpay has a 52-week low of $204.04 and a 52-week high of $319.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CPAY. Los Angeles Capital Management LLC bought a new position in Corpay in the first quarter worth $33,840,000. Contravisory Investment Management Inc. bought a new position in Corpay in the first quarter worth $8,537,000. Transform Wealth LLC bought a new position in Corpay in the first quarter worth $7,223,000. Douglas Lane & Associates LLC bought a new position in Corpay in the first quarter worth $5,304,000. Finally, Agate Pass Investment Management LLC bought a new position in Corpay in the first quarter worth $3,937,000. 98.84% of the stock is owned by institutional investors.

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.