Corpay, Inc. (NYSE:CPAY) Receives $333.91 Consensus Target Price from Analysts

Shares of Corpay, Inc. (NYSE:CPAY) 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.

Institutional Investors Weigh In On Corpay

Hedge funds and other institutional investors have recently made changes to their positions in the business. Epic Trust Investment Advisors LLC increased its holdings in Corpay by 4.1% during the second quarter. Epic Trust Investment Advisors LLC now owns 998 shares of the company’s stock valued at $266,000 after buying an additional 39 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Corpay by 21.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the company’s stock worth $64,000 after purchasing an additional 43 shares during the period. Sequoia Financial Advisors LLC lifted its position in Corpay by 4.3% during the second quarter. Sequoia Financial Advisors LLC now owns 1,320 shares of the company’s stock valued at $352,000 after purchasing an additional 54 shares in the last quarter. Capital Insight Partners LLC grew its holdings in Corpay by 2.5% during the second quarter. Capital Insight Partners LLC now owns 2,255 shares of the company’s stock valued at $601,000 after purchasing an additional 55 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in Corpay in the first quarter worth about $25,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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) 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.