Corpay, Inc (NYSE:CPAY) Receives $382.54 Consensus Target Price from Analysts

Corpay, Inc (NYSE:CPAYGet Free Report) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $382.5385.

A number of equities analysts recently commented on the stock. Loop Capital began coverage on shares of Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective for the company. Wolfe Research reissued an “outperform” rating and set a $450.00 target price on shares of Corpay in a research note on Wednesday, June 3rd. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 target price on shares of Corpay in a research report on Sunday, May 10th. Finally, Robert W. Baird lowered their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st.

View Our Latest Stock Analysis on Corpay

Insider Transactions at Corpay

In other news, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the transaction, the director owned 28,241 shares in the company, valued at $10,188,787.98. This represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the sale, the insider directly owned 11,274 shares of the company’s stock, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 88,677 shares of company stock valued at $31,304,091 over the last 90 days. Corporate insiders own 5.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in Corpay in the 1st quarter worth approximately $207,000. Woodline Partners LP grew its holdings in shares of Corpay by 39.3% during the 1st quarter. Woodline Partners LP now owns 5,890 shares of the corporate payments company’s stock valued at $2,054,000 after acquiring an additional 1,661 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Corpay by 30.4% during the 1st quarter. Intech Investment Management LLC now owns 3,341 shares of the corporate payments company’s stock valued at $1,165,000 after acquiring an additional 778 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Corpay by 128.6% during the 2nd quarter. Marshall Wace LLP now owns 1,600 shares of the corporate payments company’s stock valued at $531,000 after acquiring an additional 900 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Corpay by 16.0% in the second quarter. Brown Advisory Inc. now owns 1,670 shares of the corporate payments company’s stock worth $554,000 after acquiring an additional 230 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Stock Performance

Shares of CPAY opened at $370.83 on Friday. Corpay has a one year low of $252.84 and a one year high of $374.09. The company has a 50-day moving average of $350.52 and a two-hundred day moving average of $333.65. The stock has a market cap of $24.24 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 0.99 and a beta of 0.88. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98.

Corpay (NYSE:CPAYGet Free Report) last released its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The firm had revenue of $5.63 million during the quarter. On average, equities research analysts expect that Corpay will post 25.49 earnings per share for the current year.

Corpay Company Profile

(Get Free Report)

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.

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Analyst Recommendations for Corpay (NYSE:CPAY)

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