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

Key Points

• Corpay, Inc. has received a "Moderate Buy" consensus recommendation from analysts, with ten out of sixteen brokerages rating the stock as a buy.
• The average 12-month price target for Corpay is $401.07, with notable targets set at $440.00 by Robert W. Baird and $375.00 reduced to $339.00 by Wells Fargo & Company.
• Corpay reported an earnings per share of $4.51 for the last quarter, exceeding expectations slightly, while its revenue was $1.01 billion, slightly below the estimate of $1.02 billion.

Shares of Corpay, Inc. (NYSE:CPAY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $401.0667.

Several brokerages have recently commented on CPAY. Oppenheimer began coverage on shares of Corpay in a research report on Monday, April 28th. They set a "market perform" rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Corpay in a research report on Thursday, July 17th. They set a "buy" rating and a $390.00 price target on the stock. Raymond James Financial reiterated an "outperform" rating and set a $414.00 price objective (down previously from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Barclays dropped their price objective on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, UBS Group dropped their price objective on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th.

Corpay Stock Down 0.7%

Shares of CPAY stock traded down $2.11 during trading hours on Friday, hitting $316.47. 389,764 shares of the company were exchanged, compared to its average volume of 487,365. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10. Corpay has a one year low of $269.02 and a one year high of $400.81. The business's 50-day simple moving average is $330.46 and its two-hundred day simple moving average is $339.73. The stock has a market capitalization of $22.31 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 1.23 and a beta of 0.96.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, topping the consensus estimate of $4.50 by $0.01. Corpay had a net margin of 25.15% and a return on equity of 41.61%. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the company posted $4.10 earnings per share. The company's quarterly revenue was up 7.5% compared to the same quarter last year. Sell-side analysts predict that Corpay will post 19.76 EPS for the current fiscal year.

Institutional Trading of Corpay

A number of large investors have recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its stake in Corpay by 6.2% in the 1st quarter. Cerity Partners LLC now owns 33,385 shares of the company's stock worth $11,642,000 after purchasing an additional 1,942 shares during the period. DAVENPORT & Co LLC bought a new position in Corpay in the 1st quarter worth $213,000. GAMMA Investing LLC raised its holdings in Corpay by 9.9% in the 1st quarter. GAMMA Investing LLC now owns 1,605 shares of the company's stock worth $560,000 after acquiring an additional 145 shares during the period. Janney Montgomery Scott LLC raised its holdings in Corpay by 9.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,913 shares of the company's stock worth $1,016,000 after acquiring an additional 246 shares during the period. Finally, Park Avenue Securities LLC grew its position in Corpay by 15.2% in the 1st quarter. Park Avenue Securities LLC now owns 1,898 shares of the company's stock worth $662,000 after purchasing an additional 250 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

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.