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

Shares of Corpay, Inc. (NYSE:CPAY - Get Free Report) have been assigned an average rating of "Moderate Buy" from the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $395.07.

Several equities research analysts recently weighed in on CPAY shares. Royal Bank of Canada upped their price objective on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Morgan Stanley boosted their target price on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Raymond James reiterated an "outperform" rating and issued a $414.00 target price (down from $417.00) on shares of Corpay in a report on Wednesday, May 7th. Barclays dropped their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Oppenheimer began coverage on shares of Corpay in a report on Monday, April 28th. They issued a "market perform" rating on the stock.

Corpay Stock Up 0.4%

Corpay stock opened at $348.64 on Monday. The company has a 50-day simple moving average of $328.21 and a 200-day simple moving average of $350.50. The firm has a market capitalization of $24.58 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.32 and a beta of 0.98. 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 one year low of $247.10 and a one year high of $400.81.

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

Institutional Investors Weigh In On Corpay

Large investors have recently made changes to their positions in the company. Avion Wealth increased its stake in Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after buying an additional 91 shares during the period. Colonial Trust Co SC increased its stake in Corpay by 120.5% in the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after buying an additional 53 shares during the period. Zions Bancorporation National Association UT acquired a new position in Corpay in the 1st quarter valued at approximately $41,000. Spire Wealth Management acquired a new position in Corpay in the 4th quarter valued at approximately $42,000. Finally, Assetmark Inc. increased its stake in Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

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.

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