Shares of Corpay, Inc. (NYSE:CPAY – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $333.91.
CPAY has been the subject of several analyst reports. Bank of America raised their price target on Corpay from $326.00 to $331.00 and gave the company a “buy” rating in a report on Friday, June 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $310.00 target price on shares of Corpay in a research note on Friday, June 21st. Wolfe Research downgraded shares of Corpay from a “peer perform” rating to an “underperform” rating and set a $295.00 price target for the company. in a research report on Friday, May 17th. JPMorgan Chase & Co. lowered their price objective on Corpay from $330.00 to $326.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, Jefferies Financial Group lifted their target price on Corpay from $295.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, July 18th.
Read Our Latest Stock Analysis on Corpay
Institutional Investors Weigh In On Corpay
Corpay Stock Up 0.5 %
Shares of CPAY stock opened at $293.59 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $20.63 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The business has a fifty day moving average price of $270.73. Corpay has a twelve month low of $220.39 and a twelve month high of $319.94.
Corpay (NYSE:CPAY – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.04. Corpay had a net margin of 26.29% and a return on equity of 36.97%. The company had revenue of $935.25 million during the quarter, compared to analyst estimates of $936.25 million. Equities research analysts expect that Corpay will post 17.82 earnings per share for the current fiscal year.
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.
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