Corpay (NYSE:CPAY) Given New $344.00 Price Target at Royal Bank Of Canada

Corpay (NYSE:CPAY) had its price objective upped by equities research analysts at Royal Bank Of Canada from $336.00 to $344.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 25.79% from the stock’s current price.

Other analysts have also issued reports about the company. Wall Street Zen lowered Corpay from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Corpay in a research note on Monday. UBS Group reduced their price objective on Corpay from $365.00 to $340.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Keefe, Bruyette & Woods reduced their price objective on Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Finally, Morgan Stanley reduced their price objective on Corpay from $360.00 to $356.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Corpay presently has an average rating of “Moderate Buy” and an average price target of $383.92.

Corpay Trading Up 4.5%

NYSE:CPAY traded up $11.78 during mid-day trading on Thursday, reaching $273.47. The company’s stock had a trading volume of 297,687 shares, compared to its average volume of 495,630. The company’s fifty day simple moving average is $293.74 and its two-hundred day simple moving average is $315.90. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12. Corpay has a twelve month low of $252.84 and a twelve month high of $400.81. The stock has a market cap of $19.31 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.02 and a beta of 0.97.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cerity Partners LLC grew its stake in shares of Corpay by 6.2% in the first quarter. Cerity Partners LLC now owns 33,385 shares of the company’s stock valued at $11,642,000 after acquiring an additional 1,942 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Corpay by 54.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,590 shares of the company’s stock worth $3,693,000 after purchasing an additional 3,739 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Corpay by 50.1% in the second quarter. Nordea Investment Management AB now owns 20,297 shares of the company’s stock valued at $6,670,000 after buying an additional 6,775 shares in the last quarter. Peak Financial Advisors LLC bought a new stake in shares of Corpay in the second quarter valued at approximately $2,518,000. Finally, Czech National Bank grew its position in Corpay by 7.6% during the second quarter. Czech National Bank now owns 17,230 shares of the company’s stock worth $5,717,000 after buying an additional 1,219 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Corpay Company Profile

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.