Corpay (NYSE:CPAY) PT Raised to $415.00 at Barclays

Corpay (NYSE:CPAY) had its price target boosted by equities researchers at Barclays from $385.00 to $415.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 24.99% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Raymond James cut their price target on Corpay from $330.00 to $311.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their target price on Corpay from $327.00 to $353.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Royal Bank of Canada restated a “sector perform” rating and set a $310.00 target price on shares of Corpay in a research report on Thursday, August 8th. Jefferies Financial Group increased their price target on shares of Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Four equities 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 company’s stock. According to MarketBeat.com, Corpay currently has an average rating of “Moderate Buy” and an average price target of $353.46.

Corpay Trading Down 2.0 %

Shares of CPAY opened at $332.02 on Monday. The stock’s fifty day simple moving average is $320.15 and its 200-day simple moving average is $294.12. The firm has a market capitalization of $23.33 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22. Corpay has a 12-month low of $220.39 and a 12-month high of $355.47. 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) last issued its earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.04. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The company had revenue of $975.70 million for the quarter, compared to analyst estimates of $973.84 million. During the same quarter last year, the firm earned $3.85 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, research analysts predict that Corpay will post 17.83 earnings per share for the current year.

Institutional Investors Weigh In On Corpay

Several institutional investors have recently added to or reduced their stakes in CPAY. Whittier Trust Co. of Nevada Inc. lifted its stake in Corpay by 22.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company’s stock valued at $58,000 after acquiring an additional 34 shares in the last quarter. Mather Group LLC. lifted its position in shares of Corpay by 21.2% in the third quarter. Mather Group LLC. now owns 200 shares of the company’s stock worth $63,000 after purchasing an additional 35 shares in the last quarter. Epic Trust Investment Advisors LLC boosted its holdings in Corpay by 4.1% during the second quarter. Epic Trust Investment Advisors LLC now owns 998 shares of the company’s stock worth $266,000 after purchasing an additional 39 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Corpay by 21.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the company’s stock valued at $64,000 after purchasing an additional 43 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Corpay by 22.3% in the 3rd quarter. Signaturefd LLC now owns 252 shares of the company’s stock valued at $79,000 after buying an additional 46 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

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.