Corpay (NYSE:CPAY) Stock Price Target Raised at Scotiabank

Corpay (NYSE:CPAY) had its price objective increased by Scotiabank from $536.00 to $539.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a sector outperform rating on the corporate payments company’s stock.

A number of other brokerages have also weighed in on CPAY. Keefe, Bruyette & Woods lifted their target price on Corpay from $470.00 to $525.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on Corpay from $400.00 to $470.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. UBS Group raised their price target on Corpay from $385.00 to $415.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Morgan Stanley raised their price target on Corpay from $455.00 to $460.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Finally, Royal Bank Of Canada lifted their price objective on Corpay from $438.00 to $474.00 and gave the company a “sector perform” rating in a report on Thursday. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $469.00.

Corpay Stock Performance

Shares of NYSE:CPAY opened at $447.76 on Thursday. The firm has a market cap of $29.40 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94. The firm’s 50 day simple moving average is $404.00 and its 200-day simple moving average is $359.49. Corpay has a one year low of $259.05 and a one year high of $479.53. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.20 by $0.34. Corpay had a return on equity of 45.84% and a net margin of 23.73%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business earned $5.70 earnings per share. Corpay’s quarterly revenue was up 17.9% on a year-over-year basis. As a group, equities analysts predict that Corpay will post 25.81 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the transaction, the chief executive officer directly owned 2,354,330 shares in the company, valued at approximately $970,925,692. This trade represents a 4.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven T. Stull sold 2,357 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $413.62, for a total value of $974,902.34. Following the completion of the transaction, the director directly owned 21,241 shares of the company’s stock, valued at approximately $8,785,702.42. The trade was a 9.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 220,860 shares of company stock valued at $91,395,514. 5.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Corpay

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in Corpay in the second quarter worth about $107,805,000. Hawk Ridge Capital Management LP lifted its position in shares of Corpay by 20.5% during the first quarter. Hawk Ridge Capital Management LP now owns 532,180 shares of the corporate payments company’s stock valued at $154,859,000 after buying an additional 90,360 shares during the last quarter. Spruce House Investment Management LLC lifted its position in shares of Corpay by 6.0% during the first quarter. Spruce House Investment Management LLC now owns 880,000 shares of the corporate payments company’s stock valued at $256,071,000 after buying an additional 50,000 shares during the last quarter. Hiddenite Capital Partners LP bought a new stake in shares of Corpay in the 3rd quarter valued at about $17,098,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Corpay by 5,288.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 42,514 shares of the corporate payments company’s stock valued at $15,122,000 after buying an additional 41,725 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Corpay News Summary

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Corpay reported Q3 adjusted EPS of $7.54, above the roughly $7.20 consensus, while revenue rose 17.9% year over year to $1.38 billion and also beat estimates. The company cited strength in Corporate Payments. Corpay Q3 earnings beat estimates and revenue increased 18%
• Positive Sentiment: Management raised its 2026 outlook, forecasting revenue of $5.34 billion to $5.36 billion, above the $5.32 billion analyst estimate. Corpay also projected 9%–11% organic revenue growth in 2027 and plans to deploy about $2 billion in free cash flow. Corpay 2027 growth outlook and capital plans
• Positive Sentiment: Analysts raised price targets after the report: JPMorgan lifted its target to $500 and kept an overweight rating; Keefe, Bruyette & Woods raised its target to $525 with an outperform rating; and Scotiabank raised its target to $539 with a sector-outperform rating. JPMorgan analyst recommendations
• Neutral Sentiment: UBS raised its price target to $465 but maintained a neutral rating, signaling a more cautious view than several other analysts. UBS analyst recommendations

About Corpay

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.