Brokerages Set Corpay, Inc. (NYSE:CPAY) Target Price at $395.07

Shares of Corpay, Inc. (NYSE:CPAY) have earned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $395.07.

Several equities research analysts have recently weighed in on CPAY shares. Oppenheimer began coverage on Corpay in a research note on Monday, April 28th. They issued a “market perform” rating for the company. Raymond James reiterated an “outperform” rating and issued a $414.00 target price (down from $417.00) on shares of Corpay in a report on Wednesday, May 7th. UBS Group lowered their price target on shares of Corpay from $400.00 to $365.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Barclays dropped their price target on shares of Corpay from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley upped their price objective on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CPAY. JPMorgan Chase & Co. raised its holdings in shares of Corpay by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock valued at $1,653,659,000 after purchasing an additional 120,578 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Corpay in the 4th quarter valued at about $220,000. Park Avenue Securities LLC raised its stake in Corpay by 13.4% during the 4th quarter. Park Avenue Securities LLC now owns 1,648 shares of the company’s stock worth $558,000 after buying an additional 195 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Corpay by 77.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 2,133 shares of the company’s stock worth $722,000 after buying an additional 929 shares during the period. Finally, Merit Financial Group LLC bought a new position in Corpay in the fourth quarter worth approximately $530,000. 98.84% of the stock is owned by institutional investors.

Corpay Trading Down 3.7%

Shares of NYSE CPAY opened at $328.07 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. Corpay has a 52-week low of $247.10 and a 52-week high of $400.81. The firm has a 50 day moving average price of $328.54 and a two-hundred day moving average price of $350.41. The stock has a market cap of $23.13 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Corpay had a net margin of 25.25% and a return on equity of 41.46%. Corpay’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.10 earnings per share. As a group, equities analysts forecast that Corpay will post 19.76 EPS 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.