Corpay (NYSE:CPAY) Stock Rating Upgraded by Wall Street Zen

Corpay (NYSE:CPAY - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Monday.

A number of other research analysts also recently weighed in on CPAY. Oppenheimer started coverage on Corpay in a research note on Monday, April 28th. They issued a "market perform" rating on the stock. Barclays lowered their target price on Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. UBS Group dropped their target price on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Raymond James Financial reaffirmed an "outperform" rating and set a $414.00 price objective (down previously from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Finally, Robert W. Baird set a $440.00 target price on shares of Corpay in a research note on Tuesday, June 10th. Five research 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's stock. According to data from MarketBeat, Corpay presently has an average rating of "Moderate Buy" and an average target price of $401.86.

Corpay Trading Up 0.4%

Shares of CPAY opened at $327.36 on Monday. Corpay has a 1-year low of $264.08 and a 1-year high of $400.81. The business's 50-day moving average price is $329.64 and its 200 day moving average price is $343.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $23.08 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.37 and a beta of 0.96.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CPAY. Vanguard Group Inc. boosted its holdings in Corpay by 1.5% during the first quarter. Vanguard Group Inc. now owns 7,872,786 shares of the company's stock worth $2,745,398,000 after buying an additional 119,987 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Corpay by 20.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock worth $1,976,651,000 after purchasing an additional 1,000,699 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Corpay by 11.1% in the 1st quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company's stock valued at $1,648,970,000 after purchasing an additional 472,147 shares during the period. Boston Partners raised its position in Corpay by 5.8% in the 1st quarter. Boston Partners now owns 2,163,940 shares of the company's stock valued at $751,371,000 after buying an additional 118,542 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Corpay by 1.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company's stock worth $659,890,000 after purchasing an additional 20,937 shares in the last quarter. 98.84% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.