Corpay, Inc. (NYSE:CPAY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Corpay, Inc. (NYSE:CPAY) have earned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $353.46.

A number of research firms have weighed in on CPAY. Barclays raised their price objective on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $310.00 target price on shares of Corpay in a report on Thursday, August 8th. Jefferies Financial Group lifted their price objective on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Raymond James lowered their price target on Corpay from $330.00 to $311.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America lifted their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th.

Corpay Stock Down 0.0 %

Shares of NYSE CPAY opened at $329.67 on Thursday. The stock’s fifty day moving average is $322.76 and its 200 day moving average is $295.07. Corpay has a 52 week low of $221.37 and a 52 week high of $355.47. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $22.89 billion, a P/E ratio of 23.96, a PEG ratio of 1.30 and a beta of 1.21.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.04. The firm had revenue of $975.70 million during the quarter, compared to the consensus estimate of $973.84 million. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.85 earnings per share. Sell-side analysts forecast that Corpay will post 17.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corpay

Institutional investors have recently added to or reduced their stakes in the business. Chevy Chase Trust Holdings LLC acquired a new stake in Corpay in the 1st quarter valued at about $12,335,000. Empirical Finance LLC acquired a new stake in Corpay during the first quarter worth approximately $829,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Corpay during the first quarter worth approximately $1,013,000. EP Wealth Advisors LLC acquired a new position in shares of Corpay in the first quarter valued at approximately $949,000. Finally, Swedbank AB lifted its position in Corpay by 26.9% in the second quarter. Swedbank AB now owns 127,217 shares of the company’s stock valued at $33,892,000 after purchasing an additional 27,000 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.