Corpay, Inc. (NYSE:CPAY – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday after Barclays raised their price target on the stock from $330.00 to $385.00. Barclays currently has an overweight rating on the stock. Corpay traded as high as $341.15 and last traded at $340.92, with a volume of 33930 shares traded. The stock had previously closed at $335.87.
A number of other research firms also recently issued reports on CPAY. Wolfe Research raised shares of Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group raised their target price on shares of Corpay from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. BMO Capital Markets upped their price objective on shares of Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Raymond James lowered their target price on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Corpay presently has a consensus rating of “Moderate Buy” and a consensus target price of $340.83.
Check Out Our Latest Research Report on CPAY
Institutional Trading of Corpay
Corpay Stock Performance
The company has a market cap of $23.56 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. The stock’s 50-day moving average price is $305.35 and its 200 day moving average price is $291.10. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74.
Corpay (NYSE:CPAY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $4.55 earnings per share 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 analysts’ expectations of $973.84 million. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.85 EPS. As a group, research analysts expect that Corpay, Inc. will post 17.83 EPS for the current fiscal 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.
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