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

Corpay, Inc. (NYSE:CPAY) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $353.46.

Several research firms have recently weighed in on CPAY. William Blair raised shares of Corpay to a “strong-buy” rating in a report on Thursday, August 8th. Wolfe Research raised shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Barclays boosted their price objective on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company boosted their price objective on shares of Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $310.00 price objective on shares of Corpay in a report on Thursday, August 8th.

Corpay Stock Down 0.0 %

Shares of Corpay stock opened at $331.88 on Thursday. 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 $23.32 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22. Corpay has a 52-week low of $221.37 and a 52-week high of $355.47. The company has a 50-day simple moving average of $320.90 and a two-hundred day simple moving average of $294.39.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.04. The business 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 business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.85 earnings per share. On average, analysts anticipate that Corpay will post 17.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Corpay

Hedge funds have recently modified their holdings of the company. Albion Financial Group UT bought a new position in shares of Corpay in the third quarter worth approximately $27,000. Headlands Technologies LLC bought a new position in shares of Corpay in the first quarter worth approximately $31,000. RFP Financial Group LLC bought a new position in shares of Corpay in the first quarter worth approximately $35,000. LGT Financial Advisors LLC bought a new position in shares of Corpay in the second quarter worth approximately $33,000. Finally, Innealta Capital LLC bought a new position in shares of Corpay in the second quarter worth approximately $36,000. 98.84% of the stock is currently owned by institutional investors.

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.