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

Corpay (NYSE:CPAY) had its price objective hoisted by Barclays from $340.00 to $355.00 in a research note released on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

CPAY has been the topic of a number of other research reports. Jefferies Financial Group boosted their target price on Corpay from $340.00 to $355.00 and gave the company a buy rating in a research report on Friday, April 12th. Robert W. Baird increased their target price on Corpay from $355.00 to $376.00 and gave the stock an outperform rating in a research note on Thursday, April 4th.

Corpay Stock Up 0.8 %

Shares of CPAY stock opened at $298.73 on Tuesday. Corpay has a 1-year low of $204.04 and a 1-year high of $319.94. The stock has a market cap of $21.57 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.14 and a beta of 1.23. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.40.

Hedge Funds Weigh In On Corpay

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. acquired a new stake in shares of Corpay in the first quarter valued at $130,000. Capital Insight Partners LLC purchased a new stake in shares of Corpay in the 1st quarter valued at approximately $679,000. Transform Wealth LLC acquired a new stake in shares of Corpay in the 1st quarter valued at $7,223,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Corpay during the 1st quarter worth $995,000. Finally, Agate Pass Investment Management LLC acquired a new position in shares of Corpay during the first quarter worth $3,937,000. Hedge funds and other 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.