Brokerages Set Corpay, Inc. (NYSE:CPAY) PT at $401.07

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 earned a consensus rating of "Moderate Buy" from the sixteen ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $401.0667.

Several research firms recently commented on CPAY. UBS Group decreased their target price on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Raymond James Financial reissued an "outperform" rating and issued a $414.00 price objective (down previously from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Robert W. Baird set a $440.00 price objective on Corpay in a research note on Tuesday, June 10th. Wells Fargo & Company reduced their price objective on Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Corpay in a research note on Thursday, July 17th. They issued a "buy" rating and a $390.00 price objective for the company.

Corpay Trading Down 1.6%

Corpay stock traded down $5.31 during trading hours on Friday, hitting $319.03. The stock had a trading volume of 612,806 shares, compared to its average volume of 488,249. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 1.20 and a beta of 0.96. The business's 50 day simple moving average is $330.75 and its 200-day simple moving average is $339.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.69. Corpay has a one year low of $265.28 and a one year high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last released its 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 return on equity of 41.61% and a net margin of 25.15%. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the firm posted $4.10 earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Corpay will post 19.76 EPS for the current fiscal year.

Institutional Trading of Corpay

A number of hedge funds have recently bought and sold shares of the business. LPL Financial LLC grew its position in shares of Corpay by 19.7% in the fourth quarter. LPL Financial LLC now owns 9,823 shares of the company's stock valued at $3,324,000 after purchasing an additional 1,620 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Corpay in the fourth quarter valued at $8,734,000. Schroder Investment Management Group grew its position in shares of Corpay by 369.7% in the fourth quarter. Schroder Investment Management Group now owns 33,094 shares of the company's stock valued at $11,200,000 after purchasing an additional 26,048 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Corpay by 25.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,900 shares of the company's stock valued at $981,000 after purchasing an additional 593 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Corpay by 11,038.9% in the fourth quarter. National Bank of Canada FI now owns 32,637 shares of the company's stock valued at $11,045,000 after purchasing an additional 32,344 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

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.