JPMorgan Chase & Co. Has Lowered Expectations for Corpay (NYSE:CPAY) Stock Price

Corpay (NYSE:CPAY) had its price target cut by JPMorgan Chase & Co. from $400.00 to $350.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 26.74% from the stock’s current price.

A number of other analysts have also commented on CPAY. Deutsche Bank Aktiengesellschaft initiated coverage on Corpay in a report on Thursday, July 17th. They set a “buy” rating and a $390.00 price objective for the company. UBS Group decreased their price target on Corpay from $340.00 to $315.00 and set a “neutral” rating for the company in a report on Thursday. Wall Street Zen cut Corpay from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Raymond James Financial set a $392.00 price objective on shares of Corpay and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Williams Trading set a $300.00 target price on shares of Corpay in a research note on Monday. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $379.71.

Corpay Stock Performance

Shares of CPAY stock opened at $276.15 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. The firm has a fifty day simple moving average of $291.81 and a two-hundred day simple moving average of $315.48. Corpay has a 12 month low of $252.84 and a 12 month high of $400.81. The firm has a market capitalization of $19.50 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $5.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.63 by $0.07. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $5.00 earnings per share. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. Analysts forecast that Corpay will post 19.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Corpay

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Select Equity Group L.P. boosted its holdings in Corpay by 1,302.3% in the 1st quarter. Select Equity Group L.P. now owns 1,218,898 shares of the company’s stock worth $425,054,000 after buying an additional 1,131,975 shares during the period. Norges Bank purchased a new stake in shares of Corpay during the second quarter worth $266,246,000. JPMorgan Chase & Co. boosted its holdings in shares of Corpay by 11.1% in the first quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock worth $1,648,970,000 after acquiring an additional 472,147 shares during the period. Nuveen LLC purchased a new position in shares of Corpay in the first quarter valued at $104,428,000. Finally, Wellington Management Group LLP raised its stake in shares of Corpay by 30.7% during the 1st quarter. Wellington Management Group LLP now owns 1,275,059 shares of the company’s stock valued at $444,639,000 after purchasing an additional 299,452 shares during the period. 98.84% of the stock is currently owned by 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.