Corpay (NYSE:CPAY) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Corpay (NYSE:CPAY – Free Report) from a hold rating to a buy rating in a research note released on Monday.

A number of other equities analysts also recently commented on the company. UBS Group decreased their price target on Corpay from $400.00 to $365.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Barclays decreased their price objective on Corpay from $440.00 to $400.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Oppenheimer began coverage on shares of Corpay in a research note on Monday, April 28th. They set a “market perform” rating on the stock. Wells Fargo & Company dropped their target price on shares of Corpay from $375.00 to $339.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Finally, Robert W. Baird set a $440.00 price objective on Corpay in a research report on Tuesday, June 10th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and an average price target of $401.86.

Check Out Our Latest Report on Corpay

Corpay Stock Down 0.4%

Shares of NYSE:CPAY opened at $337.34 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10. Corpay has a 1 year low of $265.06 and a 1 year high of $400.81. The stock has a 50-day simple moving average of $331.37 and a 200-day simple moving average of $342.82. The stock has a market capitalization of $23.78 billion, a P/E ratio of 23.66, a PEG ratio of 1.42 and a beta of 0.95.

Corpay (NYSE:CPAY – Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, beating the consensus estimate of $4.50 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a return on equity of 41.61% and a net margin of 25.15%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $4.10 EPS. Equities analysts forecast that Corpay will post 19.76 earnings per share for the current year.

Institutional Trading of Corpay

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Corpay by 1.5% during the first quarter. Vanguard Group Inc. now owns 7,872,786 shares of the company’s stock worth $2,745,398,000 after buying an additional 119,987 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Corpay by 20.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company’s stock worth $1,976,651,000 after purchasing an additional 1,000,699 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Corpay by 11.1% during the first quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock valued at $1,648,970,000 after acquiring an additional 472,147 shares during the period. Boston Partners lifted its position in Corpay by 5.8% during the 1st quarter. Boston Partners now owns 2,163,940 shares of the company’s stock valued at $751,371,000 after purchasing an additional 118,542 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Corpay by 1.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company’s stock valued at $659,890,000 after buying an additional 20,937 shares during the period. 98.84% of the stock is owned by institutional investors.

About Corpay

(Get Free Report)

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.

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