Corpay, Inc. (NYSE:CPAY) Receives Average Rating of "Moderate Buy" from Brokerages

Corpay, Inc. (NYSE:CPAY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $353.46.

CPAY has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Corpay from $327.00 to $353.00 and gave the company an "overweight" rating in a research report on Tuesday, August 20th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $310.00 price target on shares of Corpay in a research report on Thursday, August 8th. William Blair upgraded Corpay to a "strong-buy" rating in a research report on Thursday, August 8th. Wells Fargo & Company upped their target price on Corpay from $285.00 to $320.00 and gave the company an "equal weight" rating in a research report on Monday, October 21st. Finally, BMO Capital Markets upped their target price on Corpay from $350.00 to $390.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd.

Corpay Price Performance

CPAY traded down $2.16 on Thursday, reaching $329.72. The stock had a trading volume of 537,174 shares, compared to its average volume of 468,182. Corpay has a fifty-two week low of $221.37 and a fifty-two week high of $355.47. The firm has a 50-day moving average of $321.55 and a 200-day moving average of $294.63. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $4.55 EPS for the quarter, beating analysts' consensus estimates of $4.51 by $0.04. Corpay had a return on equity of 38.93% and a net margin of 26.41%. The firm had revenue of $975.70 million for the quarter, compared to analyst estimates of $973.84 million. During the same quarter in the previous year, the company posted $3.85 EPS. The business's revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Corpay will post 17.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in Corpay in the first quarter worth approximately $2,431,089,000. JPMorgan Chase & Co. purchased a new stake in shares of Corpay in the first quarter worth approximately $1,429,445,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Corpay in the first quarter worth approximately $1,355,377,000. Boston Partners purchased a new stake in shares of Corpay in the first quarter worth approximately $553,667,000. Finally, Sustainable Growth Advisers LP purchased a new stake in shares of Corpay in the first quarter worth approximately $553,279,000. 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.