Corpay (NYSE:CPAY – Free Report) had its price target raised by Barclays from $340.00 to $355.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an overweight rating on the stock.
CPAY has been the subject of a number of other research reports. Robert W. Baird upped their target price on Corpay from $355.00 to $376.00 and gave the company an outperform rating in a report on Thursday, April 4th. Jefferies Financial Group upped their price target on Corpay from $340.00 to $355.00 and gave the stock a buy rating in a research note on Friday, April 12th.
View Our Latest Research Report on Corpay
Corpay Stock Performance
Corpay (NYSE:CPAY – Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $4.16 by $0.01. The company had revenue of $937.32 million during the quarter, compared to the consensus estimate of $968.39 million. Corpay had a return on equity of 37.56% and a net margin of 26.13%. As a group, equities research analysts forecast that Corpay will post 18.17 EPS for the current fiscal year.
Institutional Investors Weigh In On Corpay
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in shares of Corpay in the first quarter worth $34,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Corpay in the first quarter worth $61,000. Financial Management Professionals Inc. purchased a new stake in shares of Corpay in the first quarter worth $130,000. GAMMA Investing LLC purchased a new stake in shares of Corpay in the first quarter worth $149,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in shares of Corpay in the first quarter worth $229,000. 98.84% of the stock is owned by hedge funds and other institutional investors.
About Corpay
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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