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

Key Points

• Corpay, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with eight buy ratings and five holds among thirteen analysts covering the stock.
• The average one-year target price for Corpay shares is approximately $395.58, with recent price objectives ranging from $340.00 to $400.00 set by various brokerages.
• Corpay reported a quarterly EPS of $5.13, exceeding estimates, and a revenue of $1.10 billion, reflecting a 12.9% year-over-year increase.

Shares of Corpay, Inc. (NYSE:CPAY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen analysts that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $395.5833.

A number of brokerages recently weighed in on CPAY. Keefe, Bruyette & Woods lowered their price objective on shares of Corpay from $445.00 to $400.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 1st. UBS Group cut their price objective on shares of Corpay from $365.00 to $340.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Corpay in a report on Wednesday, October 8th. Raymond James Financial set a $392.00 price target on Corpay and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, Morgan Stanley decreased their price objective on Corpay from $360.00 to $356.00 and set an "equal weight" rating on the stock in a research note on Monday, August 11th.

Corpay Stock Down 0.8%

CPAY stock opened at $287.49 on Thursday. The stock has a market capitalization of $20.30 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.10 and a beta of 0.97. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12. Corpay has a 1-year low of $269.02 and a 1-year high of $400.81. The business has a fifty day moving average price of $306.14 and a 200-day moving average price of $319.69.

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 the consensus estimate of $5.11 by $0.02. Corpay had a return on equity of 39.13% and a net margin of 25.17%.The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $4.55 EPS. Corpay's revenue for the quarter was up 12.9% on a year-over-year basis. Equities analysts forecast that Corpay will post 19.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corpay

Hedge funds have recently modified their holdings of the company. CVA Family Office LLC raised its position in shares of Corpay by 56.7% during the 2nd quarter. CVA Family Office LLC now owns 94 shares of the company's stock valued at $31,000 after purchasing an additional 34 shares during the period. Hazlett Burt & Watson Inc. purchased a new stake in Corpay in the 2nd quarter worth $33,000. Ameritas Advisory Services LLC bought a new stake in Corpay during the second quarter valued at about $37,000. Zions Bancorporation National Association UT bought a new stake in Corpay during the first quarter valued at about $41,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Corpay in the first quarter valued at about $45,000. 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.

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