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

Corpay, Inc. (NYSE:CPAY) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $399.4286.

CPAY has been the topic of a number of recent research reports. Wall Street Zen downgraded Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of Corpay in a research note on Thursday, July 17th. They set a “buy” rating and a $390.00 price target for the company. Morgan Stanley cut their price target on shares of Corpay from $360.00 to $356.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Robert W. Baird set a $440.00 price target on shares of Corpay in a research note on Tuesday, June 10th. Finally, UBS Group cut their price target on shares of Corpay from $365.00 to $340.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPAY. CVA Family Office LLC lifted its stake in Corpay by 56.7% during the second quarter. CVA Family Office LLC now owns 94 shares of the company’s stock worth $31,000 after purchasing an additional 34 shares during the period. Colonial Trust Co SC raised its stake in shares of Corpay by 120.5% in the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company’s stock valued at $33,000 after acquiring an additional 53 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of Corpay in the second quarter valued at approximately $33,000. Ameritas Advisory Services LLC bought a new position in shares of Corpay in the second quarter valued at approximately $37,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Corpay in the first quarter valued at approximately $41,000. Institutional investors own 98.84% of the company’s stock.

Corpay Stock Up 0.8%

CPAY stock opened at $325.16 on Wednesday. Corpay has a twelve month low of $269.02 and a twelve month high of $400.81. The company has a market cap of $22.96 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96. The business’s 50-day simple moving average is $325.15 and its 200 day simple moving average is $333.07. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.11 by $0.02. Corpay had a return on equity of 39.13% and a net margin of 25.17%.The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business earned $4.55 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, research analysts anticipate that Corpay will post 19.76 earnings per share for the current year.

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.