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

Corpay (NYSE:CPAY) had its price objective lifted by stock analysts at Cantor Fitzgerald from $480.00 to $550.00 in a report issued on Monday, Benzinga reports. The firm presently 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 company’s current price.

CPAY has been the topic of a number of other research reports. Wall Street Zen lowered Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Robert W. Baird set a $475.00 price objective on Corpay in a research report on Thursday, August 6th. Morgan Stanley raised their price objective on Corpay from $455.00 to $460.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Wolfe Research lifted their price objective on Corpay from $475.00 to $530.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. upped their target price on Corpay from $470.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Corpay presently has an average rating of “Moderate Buy” and an average target price of $474.38.

Corpay Stock Performance

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

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share for the quarter, beating analysts’ consensus estimates of $7.20 by $0.34. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Corpay had a return on equity of 46.94% and a net margin of 23.73%. Corpay’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the business posted $5.70 earnings per share. Sell-side analysts forecast that Corpay will post 25.81 EPS for the current year.

Insider Buying and Selling at Corpay

In other news, CEO Ronald Clarke sold 119,486 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the completion of the sale, the chief executive officer directly owned 2,354,330 shares in the company, valued at $970,925,692. This represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven Stull sold 2,357 shares of Corpay 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 directly owned 21,241 shares of the company’s stock, valued at $8,785,702.42. This represents a 9.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 220,860 shares of company stock valued at $91,395,514. 5.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Corpay

A number of large investors have recently bought and sold shares of CPAY. Spruce House Investment Management LLC lifted its stake in shares of Corpay by 6.0% in the 1st quarter. Spruce House Investment Management LLC now owns 880,000 shares of the corporate payments company’s stock valued at $256,071,000 after purchasing an additional 50,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Corpay by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 782,500 shares of the corporate payments company’s stock valued at $227,695,000 after purchasing an additional 23,646 shares in the last quarter. Hawk Ridge Capital Management LP boosted its position in shares of Corpay by 20.5% during the 1st quarter. Hawk Ridge Capital Management LP now owns 532,180 shares of the corporate payments company’s stock valued at $154,859,000 after purchasing an additional 90,360 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Corpay during the second quarter worth approximately $107,805,000. Finally, Bank of America Corp DE grew its stake in Corpay by 0.6% during the first quarter. Bank of America Corp DE now owns 364,102 shares of the corporate payments company’s stock worth $105,950,000 after purchasing an additional 2,131 shares during the period. 98.84% of the stock is currently 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.