Corpay, Inc. (NYSE:CPAY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Corpay, Inc. (NYSE:CPAY) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $332.50.

CPAY has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $310.00 price target on shares of Corpay in a research report on Thursday, August 8th. Raymond James decreased their target price on Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Wolfe Research raised Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group boosted their price objective on shares of Corpay from $295.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Bank of America dropped their target price on shares of Corpay from $331.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

Corpay Stock Up 0.5 %

Shares of NYSE CPAY opened at $307.43 on Wednesday. The business has a fifty day moving average price of $292.85. Corpay has a 52 week low of $220.39 and a 52 week high of $319.94. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $21.34 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.04. The business had revenue of $975.70 million for the quarter, compared to analyst estimates of $973.84 million. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.85 EPS. Equities research analysts anticipate that Corpay will post 17.81 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CPAY. Global Retirement Partners LLC bought a new position in Corpay during the 1st quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new stake in shares of Corpay in the first quarter worth $31,000. Sunbelt Securities Inc. purchased a new stake in shares of Corpay in the first quarter worth $34,000. RFP Financial Group LLC bought a new position in shares of Corpay during the first quarter valued at $35,000. Finally, LGT Financial Advisors LLC purchased a new position in shares of Corpay in the 2nd quarter worth about $33,000. 98.84% of the stock is owned by hedge funds and other 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.