Corpay (NYSE:CPAY) Given New $400.00 Price Target at Keefe, Bruyette & Woods

Corpay (NYSE:CPAY - Get Free Report) had its target price raised by equities research analysts at Keefe, Bruyette & Woods from $380.00 to $400.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 9.33% from the stock's previous close.

Several other equities research analysts also recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Corpay from $285.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Royal Bank of Canada reiterated a "sector perform" rating and set a $310.00 price target on shares of Corpay in a report on Thursday, August 8th. BMO Capital Markets increased their price objective on Corpay from $350.00 to $390.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their target price on Corpay from $327.00 to $353.00 and gave the stock an "overweight" rating in a report on Tuesday, August 20th. Finally, Wolfe Research raised Corpay from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, September 3rd. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Corpay presently has an average rating of "Moderate Buy" and an average price target of $356.79.

Corpay Stock Performance

CPAY traded up $19.35 on Friday, reaching $365.85. The company had a trading volume of 1,210,695 shares, compared to its average volume of 472,451. 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 cap of $25.40 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.30 and a beta of 1.21. The company's fifty day moving average is $324.92 and its 200 day moving average is $296.05. Corpay has a fifty-two week low of $221.37 and a fifty-two week high of $375.35.

Corpay (NYSE:CPAY - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $4.55 EPS for the quarter, topping analysts' consensus estimates of $4.51 by $0.04. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The firm had revenue of $975.70 million during the quarter, compared to analysts' expectations of $973.84 million. During the same quarter in the prior year, the business earned $3.85 earnings per share. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, analysts predict that Corpay will post 17.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corpay

Several institutional investors have recently bought and sold shares of CPAY. Retireful LLC bought a new position in shares of Corpay during the third quarter valued at about $702,000. First Horizon Advisors Inc. lifted its position in shares of Corpay by 4.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock worth $571,000 after buying an additional 81 shares in the last quarter. Factorial Partners LLC boosted its stake in shares of Corpay by 5.9% in the 3rd quarter. Factorial Partners LLC now owns 16,100 shares of the company's stock worth $5,035,000 after buying an additional 900 shares during the last quarter. Commerce Bank grew its holdings in shares of Corpay by 28.3% in the third quarter. Commerce Bank now owns 29,681 shares of the company's stock valued at $9,283,000 after acquiring an additional 6,544 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Corpay by 32.3% during the third quarter. PNC Financial Services Group Inc. now owns 6,334 shares of the company's stock valued at $1,981,000 after acquiring an additional 1,546 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

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.