Corpay (CPAY) – Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Corpay (NYSE: CPAY) recently:

• 2/6/2025 – Corpay had its price target raised by analysts at Royal Bank of Canada from $354.00 to $400.00. They now have a “sector perform” rating on the stock.
• 2/6/2025 – Corpay had its price target lowered by analysts at Raymond James from $434.00 to $417.00. They now have an “outperform” rating on the stock.
• 2/6/2025 – Corpay had its price target raised by analysts at Keefe, Bruyette & Woods from $415.00 to $445.00. They now have an “outperform” rating on the stock.
• 2/6/2025 – Corpay had its price target raised by analysts at Morgan Stanley from $350.00 to $380.00. They now have an “equal weight” rating on the stock.
• 1/16/2025 – Corpay had its price target raised by analysts at Wells Fargo & Company from $340.00 to $375.00. They now have an “equal weight” rating on the stock.
• 1/14/2025 – Corpay is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $430.00 price target on the stock.
• 1/8/2025 – Corpay was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $420.00 price target on the stock.
• 1/6/2025 – Corpay had its price target lowered by analysts at Keefe, Bruyette & Woods from $425.00 to $415.00. They now have an “outperform” rating on the stock.

Corpay Price Performance

CPAY opened at $386.46 on Wednesday. The stock has a market cap of $26.94 billion, a P/E ratio of 27.64, a PEG ratio of 1.35 and a beta of 1.28. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. The business has a fifty day moving average of $362.42 and a 200 day moving average of $341.09.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. As a group, sell-side analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Insiders Place Their Bets

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the transaction, the director now directly owns 12,215 shares in the company, valued at approximately $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.10% of the stock is owned by company insiders.

Institutional Trading of Corpay

Several hedge funds and other institutional investors have recently made changes to their positions in CPAY. Vanguard Group Inc. lifted its stake in shares of Corpay by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company’s stock worth $2,623,702,000 after buying an additional 120,688 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Corpay by 20.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company’s stock valued at $1,976,651,000 after acquiring an additional 1,000,699 shares during the period. JPMorgan Chase & Co. grew its position in Corpay by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock worth $1,653,659,000 after purchasing an additional 120,578 shares during the period. FMR LLC lifted its holdings in shares of Corpay by 3.0% in the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company’s stock valued at $842,215,000 after buying an additional 78,880 shares during the period. Finally, Boston Partners boosted its stake in shares of Corpay by 6.4% in the fourth quarter. Boston Partners now owns 2,045,398 shares of the company’s stock worth $694,847,000 after buying an additional 122,380 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.