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

Key Points

• Corpay, Inc. has received an average recommendation of "Moderate Buy" from fourteen research firms, with nine analysts advising to buy and five recommending a hold.
• Corpay reported a quarterly earnings per share of $5.13, surpassing the consensus estimate, alongside a revenue of $1.10 billion for the quarter, showing a year-over-year growth of 12.9%.
• Institutional investors hold 98.84% of Corpay's stock, indicating strong investor confidence, with notable increases in holdings from firms including Vanguard Group and JPMorgan Chase.

Shares of Corpay, Inc. (NYSE:CPAY - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $399.4286.

CPAY has been the topic of several recent research reports. Robert W. Baird set a $440.00 price objective on Corpay in a research report on Tuesday, June 10th. Morgan Stanley lowered their price objective on Corpay from $360.00 to $356.00 and set an "equal weight" rating on the stock in a research report on Monday, August 11th. Wall Street Zen cut Corpay from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Deutsche Bank Aktiengesellschaft started coverage on Corpay in a research report on Thursday, July 17th. They set a "buy" rating and a $390.00 target price for the company. Finally, UBS Group cut their target price on Corpay from $365.00 to $340.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th.

Hedge Funds Weigh In On Corpay

Several hedge funds and other institutional investors have recently modified their holdings of CPAY. Marshall Wace LLP bought a new position in shares of Corpay in the 4th quarter valued at $1,583,000. MML Investors Services LLC lifted its stake in shares of Corpay by 15.4% in the 4th quarter. MML Investors Services LLC now owns 4,244 shares of the company's stock valued at $1,436,000 after acquiring an additional 566 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Corpay in the 4th quarter valued at $514,000. Coldstream Capital Management Inc. lifted its stake in shares of Corpay by 8.3% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,263 shares of the company's stock valued at $427,000 after acquiring an additional 97 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Corpay in the 4th quarter valued at $4,705,000. Institutional investors own 98.84% of the company's stock.

Corpay Stock Performance

CPAY stock traded up $0.47 during midday trading on Wednesday, reaching $325.64. 220,596 shares of the company were exchanged, compared to its average volume of 512,177. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50-day moving average price of $325.84 and a two-hundred day moving average price of $331.52. Corpay has a one year low of $269.02 and a one year high of $400.81. The firm has a market capitalization of $22.99 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.24 and a beta of 1.00.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 EPS 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 during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the business posted $4.55 earnings per share. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts forecast that Corpay will post 19.76 EPS for the current 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.