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

Shares of Corpay, Inc. (NYSE:CPAY) have received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $335.20.

A number of research firms recently commented on CPAY. Citigroup increased their target price on Corpay from $325.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. BMO Capital Markets cut their price target on shares of Corpay from $360.00 to $350.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Evercore ISI cut their price target on shares of Corpay from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday. Jefferies Financial Group upped their price target on shares of Corpay from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, Barclays cut their price target on shares of Corpay from $355.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, May 13th.

Hedge Funds Weigh In On Corpay

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. bought a new stake in shares of Corpay during the first quarter valued at approximately $2,431,089,000. JPMorgan Chase & Co. bought a new stake in shares of Corpay during the first quarter valued at approximately $1,429,445,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Corpay during the first quarter valued at approximately $1,355,377,000. Boston Partners purchased a new stake in Corpay in the first quarter worth approximately $553,667,000. Finally, Sustainable Growth Advisers LP purchased a new stake in Corpay in the first quarter worth approximately $553,279,000. Institutional investors own 98.84% of the company’s stock.

Corpay Trading Down 0.4 %

Shares of Corpay stock opened at $269.29 on Friday. Corpay has a 12-month low of $220.39 and a 12-month high of $319.94. The stock has a market capitalization of $18.92 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.04 and a beta of 1.21. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50-day moving average price of $277.18.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, May 8th. The company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.04. The business had revenue of $935.25 million during the quarter, compared to analyst estimates of $936.25 million. Corpay had a net margin of 26.29% and a return on equity of 36.97%. On average, sell-side analysts predict that Corpay will post 17.83 earnings per share for the current year.

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.