Corpay, Inc. (NYSE:CPAY) Receives Average Recommendation of "Moderate Buy" from Analysts

Corpay, Inc. (NYSE:CPAY - Get Free Report) has earned an average rating of "Moderate Buy" from the sixteen analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $398.07.

Several equities research analysts recently issued reports on CPAY shares. Oppenheimer assumed coverage on Corpay in a report on Monday, April 28th. They issued a "market perform" rating on the stock. Barclays dropped their price target on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Robert W. Baird set a $440.00 price objective on Corpay in a report on Tuesday. UBS Group dropped their target price on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $414.00 price target (down previously from $417.00) on shares of Corpay in a report on Wednesday, May 7th.

Corpay Stock Down 7.7%

NYSE:CPAY traded down $27.07 during mid-day trading on Friday, hitting $322.98. 752,935 shares of the company's stock traded hands, compared to its average volume of 482,132. The company has a fifty day moving average of $325.57 and a 200 day moving average of $347.08. The company has a market capitalization of $22.77 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.32 and a beta of 0.96. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. Corpay has a twelve month low of $247.10 and a twelve month high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.50 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $4.10 earnings per share. On average, analysts forecast that Corpay will post 19.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its stake in Corpay by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock valued at $2,018,000 after acquiring an additional 30 shares during the last quarter. IFP Advisors Inc increased its stake in Corpay by 2.7% in the 4th quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock valued at $390,000 after buying an additional 30 shares during the period. Lake Street Advisors Group LLC raised its position in Corpay by 3.5% during the 4th quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock worth $318,000 after buying an additional 32 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of Corpay by 5.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 678 shares of the company's stock worth $236,000 after acquiring an additional 32 shares during the period. Finally, Townsquare Capital LLC increased its stake in shares of Corpay by 0.7% during the first quarter. Townsquare Capital LLC now owns 4,520 shares of the company's stock worth $1,576,000 after acquiring an additional 32 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.