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Analyst Ratings For Corpay

Author: Benzinga Insights | June 05, 2024 11:00am

Across the recent three months, 10 analysts have shared their insights on Corpay (NYSE:CPAY), expressing a variety of opinions spanning from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 5 2 1 0
Last 30D 0 0 1 0 0
1M Ago 0 2 1 1 0
2M Ago 2 1 0 0 0
3M Ago 0 2 0 0 0

Insights from analysts' 12-month price targets are revealed, presenting an average target of $338.6, a high estimate of $376.00, and a low estimate of $285.00. Observing a 0.07% increase, the current average has risen from the previous average price target of $338.38.

price target chart

Understanding Analyst Ratings: A Comprehensive Breakdown

In examining recent analyst actions, we gain insights into how financial experts perceive Corpay. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Andrew Bauch Wells Fargo Announces Equal-Weight $285.00 -
Darrin Peller Wolfe Research Announces Underperform $295.00 -
Ramsey El-Assal Barclays Lowers Overweight $350.00 $355.00
Daniel Perlin RBC Capital Raises Sector Perform $310.00 $302.00
Rufus Hone BMO Capital Lowers Outperform $350.00 $360.00
Peter Christiansen Citigroup Raises Buy $355.00 $325.00
Ramsey El-Assal Barclays Raises Overweight $355.00 $340.00
Trevor Williams Jefferies Raises Buy $355.00 $340.00
David Koning Baird Raises Outperform $376.00 $355.00
David Koning Baird Raises Outperform $355.00 $330.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Corpay. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Corpay compared to the broader market.
  • Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Corpay's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Corpay's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Corpay analyst ratings.

Discovering Corpay: A Closer Look

Corpay Inc is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Its suite of modern payment solutions helps its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings), and payables (e.g. paying vendors). This results in its customers saving time and ultimately spending less.

Breaking Down Corpay's Financial Performance

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Revenue Growth: Corpay displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 3.76%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Corpay's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 24.57% net margin, the company effectively manages costs and achieves strong profitability.

Return on Equity (ROE): Corpay's ROE stands out, surpassing industry averages. With an impressive ROE of 7.03%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Corpay's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.47% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Corpay's debt-to-equity ratio stands notably higher than the industry average, reaching 2.08. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

The Significance of Analyst Ratings Explained

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CPAY