Corpay, Inc. (NYSE:CPAY) Receives $401.86 Consensus Target Price from Analysts

Corpay, Inc. (NYSE:CPAY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $401.86.

Several research analysts have recently issued reports on the stock. UBS Group lowered their price target 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. Raymond James Financial reiterated an "outperform" rating and set a $414.00 price target (down from $417.00) on shares of Corpay in a report on Wednesday, May 7th. Wells Fargo & Company lowered their price target on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Robert W. Baird set a $440.00 price target on shares of Corpay in a report on Tuesday, June 10th. Finally, Oppenheimer assumed coverage on shares of Corpay in a report on Monday, April 28th. They set a "market perform" rating for the company.

Institutional Trading of Corpay

A number of institutional investors have recently bought and sold shares of CPAY. Colonial Trust Co SC boosted its position in Corpay by 120.5% during the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after acquiring an additional 53 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Corpay during the 1st quarter worth about $41,000. Assetmark Inc. boosted its position in shares of Corpay by 93.8% during the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after purchasing an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Corpay by 70.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock valued at $45,000 after buying an additional 55 shares during the period. Finally, Rakuten Securities Inc. bought a new stake in Corpay in the 1st quarter valued at about $45,000. Institutional investors own 98.84% of the company's stock.

Corpay Price Performance

CPAY traded up $0.43 during trading on Tuesday, hitting $332.55. 312,421 shares of the stock traded hands, compared to its average volume of 491,741. Corpay has a twelve month low of $265.06 and a twelve month high of $400.81. The company has a market cap of $23.44 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.43 and a beta of 0.95. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50 day moving average price of $332.35 and a 200 day moving average price of $342.57.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly 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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a net margin of 25.15% and a return on equity of 41.61%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.10 earnings per share. Equities research analysts forecast that Corpay will post 19.76 earnings per share for the current fiscal year.

About Corpay

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.