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

Key Points

• Corpay, Inc. (NYSE:CPAY) has a consensus recommendation of "Moderate Buy" from analysts, with a mix of nine buy and five hold ratings among the fourteen brokerages covering the stock.
• The average target price set by analysts for Corpay shares is $399.43, indicating potential upside from its current price.
• Corpay reported earnings of $5.13 per share for the last quarter, slightly exceeding forecasts, with revenue of $1.10 billion, representing a 12.9% year-over-year increase.

Corpay, Inc. (NYSE:CPAY - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $399.4286.

CPAY has been the topic of a number of recent research reports. Raymond James Financial set a $392.00 price target on shares of Corpay and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Morgan Stanley decreased their price target on shares of Corpay from $360.00 to $356.00 and set an "equal weight" rating on the stock in a research note on Monday, August 11th. Wall Street Zen downgraded shares of Corpay from a "buy" rating to a "hold" rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Corpay in a research note on Thursday, July 17th. They issued a "buy" rating and a $390.00 target price on the stock. Finally, Robert W. Baird set a $440.00 target price on shares of Corpay in a research note on Tuesday, June 10th.

Institutional Investors Weigh In On Corpay

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Corpay by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company's stock valued at $2,695,851,000 after purchasing an additional 251,651 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Corpay by 11.1% in the 1st quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company's stock valued at $1,648,970,000 after purchasing an additional 472,147 shares in the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of Corpay by 3.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company's stock valued at $1,279,362,000 after purchasing an additional 124,368 shares in the last quarter. Boston Partners boosted its stake in shares of Corpay by 5.8% in the 2nd quarter. Boston Partners now owns 2,289,271 shares of the company's stock valued at $758,536,000 after purchasing an additional 125,331 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Corpay by 4.4% in the 2nd quarter. Invesco Ltd. now owns 1,978,930 shares of the company's stock valued at $656,649,000 after purchasing an additional 84,198 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Stock Performance

CPAY traded up $0.06 during trading on Friday, reaching $299.98. 196,278 shares of the company's stock were exchanged, compared to its average volume of 485,759. Corpay has a fifty-two week low of $269.02 and a fifty-two week high of $400.81. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48. The business has a 50 day moving average price of $319.27 and a 200 day moving average price of $325.88. The company has a market capitalization of $21.18 billion, a P/E ratio of 20.34, a PEG ratio of 1.14 and a beta of 1.00.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, topping analysts' consensus estimates of $5.11 by $0.02. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $4.55 earnings per share. The business's revenue was up 12.9% compared to the same quarter last year. As a group, analysts predict that Corpay will post 19.76 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.