Corpay (NYSE:CPAY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Corpay (NYSE:CPAYFree Report) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

CPAY has been the topic of several other reports. Raymond James Financial set a $392.00 price objective on Corpay and gave the stock an “outperform” rating in a report on Thursday, August 7th. Robert W. Baird set a $440.00 target price on Corpay in a research report on Tuesday, June 10th. Morgan Stanley lowered their price target on Corpay from $360.00 to $356.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Corpay in a research note on Thursday, July 17th. They issued a “buy” rating and a $390.00 price objective for the company. Finally, UBS Group lowered their target price on shares of Corpay from $365.00 to $340.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $399.43.

View Our Latest Research Report on CPAY

Corpay Price Performance

Shares of NYSE CPAY opened at $287.76 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day moving average of $315.00 and a 200 day moving average of $324.43. The firm has a market cap of $20.32 billion, a PE ratio of 19.55, a PEG ratio of 1.12 and a beta of 1.00. Corpay has a one year low of $269.02 and a one year high of $400.81.

Corpay (NYSE:CPAYGet Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.11 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $4.55 earnings per share. As a group, research analysts predict that Corpay will post 19.76 EPS for the current fiscal year.

Institutional Trading of Corpay

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CVA Family Office LLC boosted its position in shares of Corpay by 56.7% during the 2nd quarter. CVA Family Office LLC now owns 94 shares of the company’s stock valued at $31,000 after acquiring an additional 34 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in Corpay during the second quarter worth about $33,000. Ameritas Advisory Services LLC purchased a new position in Corpay during the second quarter worth about $37,000. Zions Bancorporation National Association UT acquired a new position in Corpay in the 1st quarter valued at about $41,000. Finally, Rakuten Securities Inc. acquired a new position in Corpay in the 1st quarter valued at about $45,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Company Profile

(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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Analyst Recommendations for Corpay (NYSE:CPAY)

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