Corpay (NYSE:CPAY – Free Report) had its price target boosted by Barclays from $340.00 to $355.00 in a research report report published on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.
A number of other analysts have also weighed in on the company. Robert W. Baird increased their price objective on Corpay from $355.00 to $376.00 and gave the company an outperform rating in a research note on Thursday, April 4th. Jefferies Financial Group increased their price target on shares of Corpay from $340.00 to $355.00 and gave the company a buy rating in a research report on Friday, April 12th.
Get Our Latest Research Report on Corpay
Corpay Stock Down 0.2 %
Corpay (NYSE:CPAY – Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $4.17 earnings per share 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 analyst estimates of $968.39 million. Corpay had a return on equity of 37.56% and a net margin of 26.13%. Analysts predict that Corpay will post 18.17 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Corpay
Several institutional investors and hedge funds have recently bought and sold shares of CPAY. Sunbelt Securities Inc. purchased a new position in shares of Corpay during the first quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV purchased a new position in Corpay during the 1st quarter valued at $61,000. Financial Management Professionals Inc. bought a new position in Corpay in the 1st quarter worth $130,000. GAMMA Investing LLC bought a new position in Corpay in the 1st quarter worth $149,000. Finally, Wedmont Private Capital purchased a new stake in shares of Corpay in the 1st quarter worth about $242,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.
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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