Corpay (NYSE:CPAY) Stock Price Target Raised at Cantor Fitzgerald

Corpay (NYSE:CPAY) had its price objective raised by equities research analysts at Cantor Fitzgerald from $480.00 to $550.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the corporate payments company’s stock. Cantor Fitzgerald‘s price objective points to a potential upside of 20.84% from the stock’s previous close.

CPAY has been the subject of a number of other research reports. Oppenheimer lifted their target price on Corpay from $454.00 to $461.00 and gave the stock an “outperform” rating in a report on Thursday. Wolfe Research upped their price target on shares of Corpay from $475.00 to $530.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Keefe, Bruyette & Woods upped their price target on shares of Corpay from $470.00 to $525.00 and gave the company an “outperform” rating in a research note on Thursday. UBS Group raised their price target on shares of Corpay from $415.00 to $465.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings upgraded shares of Corpay from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Corpay currently has an average rating of “Moderate Buy” and an average target price of $474.38.

Corpay Price Performance

Corpay stock opened at $455.13 on Monday. The company has a market capitalization of $29.88 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.06 and a beta of 0.94. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.82. Corpay has a 12 month low of $271.22 and a 12 month high of $479.53. The stock’s 50 day moving average is $405.04 and its 200-day moving average is $360.03.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share for the quarter, topping the consensus estimate of $7.20 by $0.34. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Corpay had a return on equity of 46.94% and a net margin of 23.73%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the firm posted $5.70 EPS. Equities research analysts expect that Corpay will post 25.81 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Corpay

Large investors have recently modified their holdings of the stock. Condor Capital Management grew its holdings in shares of Corpay by 82.8% during the third quarter. Condor Capital Management now owns 8,870 shares of the corporate payments company’s stock worth $3,447,000 after purchasing an additional 4,017 shares during the last quarter. Aberdeen Group plc increased its stake in shares of Corpay by 281.4% in the third quarter. Aberdeen Group plc now owns 179,080 shares of the corporate payments company’s stock valued at $69,590,000 after buying an additional 132,131 shares during the period. Allworth Financial LP increased its stake in shares of Corpay by 87.7% in the third quarter. Allworth Financial LP now owns 1,990 shares of the corporate payments company’s stock valued at $724,000 after buying an additional 930 shares during the period. Russell Investments Group Ltd. raised its holdings in Corpay by 25.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 148,637 shares of the corporate payments company’s stock valued at $56,916,000 after buying an additional 29,964 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. raised its holdings in Corpay by 651.6% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 30,770 shares of the corporate payments company’s stock valued at $11,072,000 after buying an additional 26,676 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Company Profile

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.