In yesterday’s Wall Street session, Corpay Inc. (NYSE:CPAY) shares traded at $267.93, down -0.75% from the previous session.
CPAY stock price is now -10.04% away from the 50-day moving average and -1.89% away from the 200-day moving average. The market capitalization of the company currently stands at $18.83B.
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With the price target maintained at $295, Wolfe Research recently Downgraded its rating from Peer Perform to Underperform for Corpay Inc. (NYSE: CPAY). On March 04, 2024, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $325 to quote $330, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, King Alan, Group President, Global Fleet sold 7,004 shares of the company’s stock on Mar 07 ’24. The stock was sold for $2,034,345 at an average price of $290.45. Upon completion of the transaction, the Group President, Global Fleet now directly owns 19,114 shares in the company, valued at $5.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, Chief Accounting Officer Vickery Alissa B sold 2,794 shares of the business’s stock. A total of $811,130 was realized by selling the stock at an average price of $290.31. This leaves the insider owning 1,885 shares of the company worth $0.51 million. A total of 3.35% of the company’s stock is owned by insiders.
During the past 12 months, Corpay Inc. has had a low of $220.39 and a high of $319.94. As of last week, the company has a debt-to-equity ratio of 2.08, a current ratio of 1.07, and a quick ratio of 1.07. According to the stock market information, the enterprise value for the company is $24298995712, which is based on a 19.93 price-to-earnings ratio, a 1.52 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for CPAY is $297.283 and a two-hundred day moving average price translates $273.1229 for the stock.
The latest earnings results from Corpay Inc. (NYSE: CPAY) was released for 2024-03-31. The net profit margin was 26.29% and return on equity was 32.49% for CPAY. The company reported revenue of $935.25 million for the quarter, compared to $901.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.76 percent.
