Corpay Inc. [CPAY] stock is trading at $267.15, up 1.79%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CPAY shares have gain 6.01% over the last week, with a monthly amount drifted -2.18%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Corpay Inc. [NYSE: CPAY] stock has seen the most recent analyst activity on June 05, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $285. Previously, Wolfe Research downgraded its rating to Underperform on May 17, 2024, and kept the price target unchanged to $295. On March 04, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $330 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $300 on December 05, 2023. Robert W. Baird downgraded its rating to Neutral for this stock on October 11, 2023, and upped its price target to $302. In a note dated July 07, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $310 on this stock.
Corpay Inc. [CPAY] stock has fluctuated between $220.39 and $319.94 over the past year. Currently, Wall Street analysts expect the stock to reach $326 within the next 12 months. Corpay Inc. [NYSE: CPAY] shares were valued at $267.15 at the most recent close of the market. An investor can expect a potential return of 22.03% based on the average CPAY price forecast.
Analyzing the CPAY fundamentals
Corpay Inc. [NYSE:CPAY] reported sales of 3.79B for the trailing twelve months, which represents a growth of 3.76%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.45%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.31 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 261.90 points at the first support level, and at 256.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 271.20, and for the 2nd resistance point, it is at 275.24.
Ratios To Look Out For
For context, Corpay Inc.’s Current Ratio is 1.07. In addition, the Quick Ratio stands at 1.07 and the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 4.95, the price to book ratio is 5.87 and price to earnings (TTM) ratio is 19.87.
Transactions by insiders
Recent insider trading involved King Alan, Group President, Global Fleet, that happened on Mar 07 ’24 when 7004.0 shares were sold. Chief Accounting Officer, Vickery Alissa B completed a deal on Mar 07 ’24 to sell 2794.0 shares. Meanwhile, CEO & Chairman of BOD Clarke Ronald sold 0.12 million shares on Mar 05 ’24.
