Scotiabank Forecasts Strong Price Appreciation for Corpay (NYSE:CPAY) Stock

Key Points

• Scotiabank raised its Corpay price target to $539 from $536 and maintained a “sector outperform” rating, implying about 19.6% upside from the cited share price.
• Corpay beat quarterly estimates, reporting EPS of $7.54 versus $7.20 expected and revenue of $1.38 billion, up 17.9% year over year.
• Analyst sentiment is broadly positive: 11 analysts rate the stock Buy and three Hold, for a “Moderate Buy” consensus and an average price target of $462.85.

Corpay (NYSE:CPAY - Get Free Report) had its target price upped by stock analysts at Scotiabank from $536.00 to $539.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a "sector outperform" rating on the corporate payments company's stock. Scotiabank's price objective would suggest a potential upside of 19.56% from the stock's current price.

CPAY has been the topic of several other reports. Wolfe Research boosted their target price on Corpay from $475.00 to $530.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. increased their price target on Corpay from $400.00 to $470.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Cantor Fitzgerald raised their price target on Corpay from $415.00 to $480.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Keefe, Bruyette & Woods boosted their price target on Corpay from $470.00 to $525.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Royal Bank Of Canada upped their target price on Corpay from $438.00 to $474.00 and gave the company a "sector perform" rating in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $462.85.

Corpay Stock Up 7.7%

CPAY traded up $32.22 during trading on Thursday, hitting $450.82. The stock had a trading volume of 1,274,533 shares, compared to its average volume of 588,915. The company has a market capitalization of $29.60 billion, a PE ratio of 27.53, a PEG ratio of 1.11 and a beta of 0.94. Corpay has a twelve month low of $259.05 and a twelve month high of $479.53. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50 day simple moving average of $403.19 and a two-hundred day simple moving average of $359.03.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.20 by $0.34. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company earned $5.70 earnings per share. The business's revenue for the quarter was up 17.9% on a year-over-year basis. On average, research analysts predict that Corpay will post 25.81 earnings per share for the current year.

Insider Transactions at Corpay

In related news, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the transaction, the chief executive officer owned 2,354,330 shares in the company, valued at $970,925,692. The trade was a 4.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Stull sold 2,357 shares of Corpay stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $413.62, for a total value of $974,902.34. Following the completion of the transaction, the director owned 21,241 shares of the company's stock, valued at approximately $8,785,702.42. This represents a 9.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 220,860 shares of company stock worth $91,395,514 over the last 90 days. Insiders own 5.19% of the company's stock.

Institutional Trading of Corpay

Several institutional investors have recently bought and sold shares of the business. Spruce House Investment Management LLC grew its holdings in shares of Corpay by 6.0% in the first quarter. Spruce House Investment Management LLC now owns 880,000 shares of the corporate payments company's stock valued at $256,071,000 after purchasing an additional 50,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Corpay by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 782,500 shares of the corporate payments company's stock valued at $227,695,000 after acquiring an additional 23,646 shares during the last quarter. Hawk Ridge Capital Management LP grew its position in Corpay by 20.5% in the first quarter. Hawk Ridge Capital Management LP now owns 532,180 shares of the corporate payments company's stock worth $154,859,000 after acquiring an additional 90,360 shares during the period. Bank of America Corp DE grew its position in Corpay by 0.6% in the first quarter. Bank of America Corp DE now owns 364,102 shares of the corporate payments company's stock worth $105,950,000 after acquiring an additional 2,131 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Corpay in the second quarter worth approximately $107,805,000. 98.84% of the stock is owned by institutional investors and hedge funds.

More Corpay News

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Corpay reported Q3 adjusted EPS of $7.54, above the roughly $7.20 consensus, while revenue rose 17.9% year over year to $1.38 billion, also topping estimates. One report highlighted a 57.4% EBITDA margin. Corpay Q3 beat and margins
• Positive Sentiment: The company raised its fiscal 2026 outlook, projecting revenue of $5.34 billion to $5.36 billion, above the cited $5.32 billion estimate. It also forecast 9%–11% organic revenue growth in 2027 and said it expects to deploy about $2 billion of free cash flow, supporting the growth outlook and potential shareholder returns. Corpay outlook
• Positive Sentiment: Several firms raised their price targets: Scotiabank to $539 from $536, Keefe, Bruyette & Woods to $525 from $470, and Oppenheimer to $461 from $454. The increases signal improved analyst expectations following the results. KBW target change
• Neutral Sentiment: Corpay completed the sale of its vehicle maintenance business. The available report does not specify the financial terms or expected impact, so the transaction’s effect on results is unclear. Vehicle maintenance business sale

Corpay Company Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.

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