Citigroup Increases Corpay (NYSE:CPAY) Price Target to $355.00

Corpay (NYSE:CPAY) had its price objective hoisted by equities research analysts at Citigroup from $325.00 to $355.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 19.20% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group increased their price objective on Corpay from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. 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. Finally, Barclays increased their price objective on Corpay from $340.00 to $355.00 and gave the stock an “overweight” rating in a research report on Tuesday.

Corpay Trading Down 0.3 %

Shares of NYSE:CPAY traded down $0.91 during trading on Wednesday, hitting $297.82. 269,060 shares of the company were exchanged, compared to its average volume of 444,614. The company has a market cap of $21.50 billion, a P/E ratio of 22.51, 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. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.04 and a quick ratio of 1.04.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wedmont Private Capital bought a new position in Corpay in the first quarter valued at $242,000. Massmutual Trust Co. FSB ADV bought a new position in Corpay in the first quarter valued at $61,000. Douglas Lane & Associates LLC bought a new position in Corpay in the first quarter valued at $5,304,000. Czech National Bank bought a new position in Corpay in the first quarter valued at $3,920,000. Finally, Peak Financial Advisors LLC bought a new position in Corpay in the first quarter valued at $3,119,000. Institutional investors own 98.84% of the company’s stock.

About Corpay

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.