Corpay (NYSE:CPAY – Get Free Report) had its price objective increased by equities research analysts at Citigroup from $325.00 to $355.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 20.01% from the company’s current price.
Several other analysts have also recently commented on the stock. Barclays raised their price target on shares of Corpay from $340.00 to $355.00 and gave the company an “overweight” rating in a report on Tuesday. Jefferies Financial Group lifted their target price on Corpay from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Robert W. Baird boosted their target price on Corpay from $355.00 to $376.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th.
Check Out Our Latest Research Report on Corpay
Corpay Stock Down 0.2 %
Corpay (NYSE:CPAY – Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $4.16 by $0.01. The company had revenue of $937.32 million during the quarter, compared to analyst estimates of $968.39 million. Corpay had a return on equity of 37.56% and a net margin of 26.13%. Equities analysts anticipate that Corpay will post 18.17 EPS for the current year.
Institutional Trading of Corpay
A number of hedge funds have recently modified their holdings of CPAY. Sunbelt Securities Inc. bought a new stake in shares of Corpay in the 1st quarter valued at $34,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Corpay during the first quarter worth about $61,000. Financial Management Professionals Inc. bought a new position in shares of Corpay during the 1st quarter valued at about $130,000. GAMMA Investing LLC acquired a new position in shares of Corpay in the 1st quarter valued at approximately $149,000. Finally, Wedmont Private Capital acquired a new position in shares of Corpay in the 1st quarter valued at approximately $242,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.
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.
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