Corpay (NYSE:CPAY) PT Lowered to $345.00 at Evercore ISI

Corpay (NYSE:CPAY) had its target price cut by Evercore ISI from $350.00 to $345.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an outperform rating on the stock.

CPAY has been the topic of a number of other reports. Royal Bank of Canada restated a sector perform rating and set a $310.00 price target on shares of Corpay in a research note on Friday, June 21st. Jefferies Financial Group upped their price target on shares of Corpay from $340.00 to $355.00 and gave the company a buy rating in a research note on Friday, April 12th. Wells Fargo & Company initiated coverage on shares of Corpay in a research note on Wednesday, June 5th. They set an equal weight rating and a $285.00 price target on the stock. Citigroup upped their price target on shares of Corpay from $325.00 to $355.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Finally, Bank of America raised their price target on shares of Corpay from $326.00 to $331.00 and gave the company a buy rating in a report on Friday, June 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $335.20.

Corpay Stock Down 0.4 %

CPAY opened at $269.29 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $18.92 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 1.04 and a beta of 1.21. Corpay has a twelve month low of $220.39 and a twelve month high of $319.94. The company has a 50-day moving average of $277.18.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, May 8th. The company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.80 by $0.04. The firm had revenue of $935.25 million for the quarter, compared to analysts’ expectations of $936.25 million. Corpay had a net margin of 26.29% and a return on equity of 36.97%. As a group, sell-side analysts anticipate that Corpay will post 17.83 earnings per share for the current year.

Institutional Trading of Corpay

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new stake in shares of Corpay during the 1st quarter valued at $25,000. Headlands Technologies LLC purchased a new position in Corpay in the 1st quarter worth $31,000. Sunbelt Securities Inc. purchased a new position in Corpay in the 1st quarter worth $34,000. RFP Financial Group LLC purchased a new position in Corpay in the 1st quarter worth $35,000. Finally, Hollencrest Capital Management purchased a new position in Corpay in the 1st quarter worth $46,000. 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.