Corpay (NYSE:CPAY) Stock Price Expected to Rise, Scotiabank Analyst Says

Corpay (NYSE:CPAY) had its target price hoisted by Scotiabank from $536.00 to $539.00 in a report released on Thursday, Benzinga reports. The firm currently has a “sector outperform” rating on the corporate payments company’s stock. Scotiabank‘s target price indicates a potential upside of 18.43% from the stock’s previous close.

CPAY has been the subject of a number of other reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $442.00 price objective on shares of Corpay in a research note on Thursday, August 6th. Morgan Stanley increased their target price on Corpay from $455.00 to $460.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. UBS Group increased their target price on Corpay from $385.00 to $415.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their target price on Corpay from $438.00 to $474.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Cantor Fitzgerald lifted their target price on Corpay from $415.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and an average price target of $469.00.

Corpay Trading Up 1.8%

Corpay stock traded up $8.13 during trading on Thursday, hitting $455.13. The company had a trading volume of 1,077,901 shares, compared to its average volume of 454,660. Corpay has a 1-year low of $271.22 and a 1-year high of $479.53. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.70. The company’s 50 day simple moving average is $405.04 and its 200-day simple moving average is $360.03. The stock has a market cap of $29.88 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 1.12 and a beta of 0.94.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.20 by $0.34. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company earned $5.70 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. As a group, analysts expect that Corpay will post 25.81 EPS for the current fiscal year.

Insider Activity at Corpay

In other Corpay news, CEO Ronald Clarke sold 119,486 shares of the stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Stull sold 2,357 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $413.62, for a total transaction of $974,902.34. Following the completion of 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 ninety days, insiders have sold 220,860 shares of company stock worth $91,395,514. 5.19% of the stock is owned by insiders.

Institutional Trading of Corpay

A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in shares of Corpay in the second quarter valued at $107,805,000. Aberdeen Group plc grew its stake in Corpay by 281.4% during the 3rd quarter. Aberdeen Group plc now owns 179,080 shares of the corporate payments company’s stock worth $69,590,000 after purchasing an additional 132,131 shares in the last quarter. Hawk Ridge Capital Management LP grew its stake in 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 worth $154,859,000 after purchasing an additional 90,360 shares in the last quarter. Spruce House Investment Management LLC grew its stake in Corpay by 6.0% during the 1st quarter. Spruce House Investment Management LLC now owns 880,000 shares of the corporate payments company’s stock worth $256,071,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Hiddenite Capital Partners LP acquired a new position in Corpay during the 3rd quarter worth $17,098,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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 estimate, while revenue rose 18% year over year. Strength in Corporate Payments helped lift results. Corpay Q3 Earnings Beat Estimates, Revenues Increase 18% Y/Y
• Positive Sentiment: The company raised its 2026 outlook, projecting revenue of $5.34 billion–$5.36 billion, ahead of the cited FactSet estimate of $5.32 billion. It also forecast 9%–11% organic revenue growth in 2027 and plans to deploy about $2 billion of free cash flow, supporting its growth and capital-return case. Corpay’s 2027 growth outlook and free-cash-flow plans
• Positive Sentiment: Several analysts raised price targets after the results, including JPMorgan to $500, Keefe, Bruyette & Woods to $525, and Scotiabank to $539, reflecting improved expectations for Corpay’s prospects. Keefe, Bruyette & Woods raises Corpay price target
• Neutral Sentiment: Analyst views are not uniformly bullish: UBS lifted its target to $465 but maintained a neutral rating. Some coverage also asks whether the earnings-driven rally has already priced in much of the upside. Analysts’ opinions are mixed on Corpay

About Corpay

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.