Corpay (NYSE:CPAY) PT Set at $356.00 by Morgan Stanley

Corpay (NYSE:CPAY) received a $356.00 target price from investment analysts at Morgan Stanley in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 16.71% from the company’s current price.

Several other research analysts also recently commented on CPAY. Oppenheimer began coverage on shares of Corpay in a research note on Monday, April 28th. They set a “market perform” rating on the stock. UBS Group cut their target price on shares of Corpay from $365.00 to $340.00 and set a “neutral” rating on the stock in a report on Thursday. Robert W. Baird set a $440.00 target price on shares of Corpay in a report on Tuesday, June 10th. Barclays cut their target price on shares of Corpay from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Corpay presently has an average rating of “Moderate Buy” and a consensus target price of $396.33.

Corpay Trading Up 1.1%

Shares of NYSE CPAY traded up $3.34 during midday trading on Monday, reaching $305.04. The stock had a trading volume of 288,346 shares, compared to its average volume of 495,980. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.12 and a current ratio of 1.12. Corpay has a twelve month low of $269.02 and a twelve month high of $400.81. The company’s 50 day moving average price is $329.21 and its 200 day moving average price is $338.07. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 1.14 and a beta of 0.96.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.11 by $0.02. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $4.55 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts expect that Corpay will post 19.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CVA Family Office LLC grew its holdings in Corpay by 56.7% in the 2nd quarter. CVA Family Office LLC now owns 94 shares of the company’s stock worth $31,000 after buying an additional 34 shares in the last quarter. Colonial Trust Co SC grew its holdings in Corpay by 120.5% in the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company’s stock worth $33,000 after buying an additional 53 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new position in Corpay during the 2nd quarter valued at $33,000. Ameritas Advisory Services LLC bought a new position in Corpay during the 2nd quarter valued at $37,000. Finally, Zions Bancorporation National Association UT bought a new position in Corpay during the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.