Corpay (NYSE:CPAY) Given New $461.00 Price Target at Oppenheimer

Corpay (NYSE:CPAY) had its target price boosted by Oppenheimer from $454.00 to $461.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the corporate payments company’s stock.

Several other brokerages also recently weighed in on CPAY. Morgan Stanley raised their price target on shares of Corpay from $455.00 to $460.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Wolfe Research upped their price objective on Corpay from $475.00 to $530.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada increased their target price on Corpay from $438.00 to $474.00 and gave the company a “sector perform” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Corpay from $400.00 to $470.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Scotiabank initiated coverage on Corpay in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $536.00 price target for the company. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $469.00.

Corpay Stock Performance

Shares of CPAY stock opened at $447.76 on Thursday. Corpay has a one year low of $259.05 and a one year high of $479.53. The company’s 50-day moving average is $404.00 and its 200 day moving average is $359.49. The company has a market capitalization of $29.40 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share (EPS) 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 net margin of 23.73% and a return on equity of 45.84%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company earned $5.70 earnings per share. Sell-side analysts expect that Corpay will post 25.81 EPS for the current fiscal year.

Insider Buying and Selling at Corpay

In related news, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the sale, the chief executive officer owned 2,354,330 shares of the company’s stock, valued at $970,925,692. The trade was a 4.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven T. Stull sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $410.66, for a total value of $1,642,640.00. Following the sale, the director owned 23,598 shares of the company’s stock, valued at approximately $9,690,754.68. This trade represents a 14.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 220,860 shares of company stock worth $91,395,514 over the last three months. Insiders own 5.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in Corpay during the second quarter valued at about $107,805,000. Hawk Ridge Capital Management LP lifted its position in shares of Corpay by 20.5% in the first quarter. Hawk Ridge Capital Management LP now owns 532,180 shares of the corporate payments company’s stock valued at $154,859,000 after acquiring an additional 90,360 shares in the last quarter. Spruce House Investment Management LLC boosted its stake in shares of Corpay by 6.0% in the first quarter. Spruce House Investment Management LLC now owns 880,000 shares of the corporate payments company’s stock worth $256,071,000 after acquiring an additional 50,000 shares during the period. Hiddenite Capital Partners LP bought a new position in shares of Corpay in the third quarter worth about $17,098,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Corpay by 5,288.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 42,514 shares of the corporate payments company’s stock worth $15,122,000 after purchasing an additional 41,725 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay News Summary

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Corpay reported Q3 adjusted EPS of $7.54, above the roughly $7.20 consensus, while revenue rose 17.9% year over year to $1.38 billion and also beat estimates. The company cited strength in Corporate Payments. Corpay Q3 earnings beat estimates and revenue increased 18%
• Positive Sentiment: Management raised its 2026 outlook, forecasting revenue of $5.34 billion to $5.36 billion, above the $5.32 billion analyst estimate. Corpay also projected 9%–11% organic revenue growth in 2027 and plans to deploy about $2 billion in free cash flow. Corpay 2027 growth outlook and capital plans
• Positive Sentiment: Analysts raised price targets after the report: JPMorgan lifted its target to $500 and kept an overweight rating; Keefe, Bruyette & Woods raised its target to $525 with an outperform rating; and Scotiabank raised its target to $539 with a sector-outperform rating. JPMorgan analyst recommendations
• Neutral Sentiment: UBS raised its price target to $465 but maintained a neutral rating, signaling a more cautious view than several other analysts. UBS analyst recommendations

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.