In the preceding three months, 12 analysts have released ratings for Corpay (NYSE:CPAY), presenting a wide array of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 3 | 2 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Corpay, presenting an average target of $384.58, a high estimate of $430.00, and a low estimate of $320.00. This upward trend is apparent, with the current average reflecting a 9.78% increase from the previous average price target of $350.33.
Understanding Analyst Ratings: A Comprehensive Breakdown
A clear picture of Corpay's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Sanjay Sakhrani | Keefe, Bruyette & Woods | Raises | Outperform | $425.00 | $400.00 |
| Peter Christiansen | Citigroup | Raises | Buy | $430.00 | $405.00 |
| James Faucette | Morgan Stanley | Raises | Equal-Weight | $350.00 | $325.00 |
| Sanjay Sakhrani | Keefe, Bruyette & Woods | Raises | Outperform | $400.00 | $380.00 |
| James Faucette | Morgan Stanley | Raises | Equal-Weight | $325.00 | $275.00 |
| Ramsey El-Assal | Barclays | Raises | Overweight | $415.00 | $385.00 |
| Andrew Bauch | Wells Fargo | Raises | Equal-Weight | $320.00 | $285.00 |
| Trevor Williams | Jefferies | Raises | Buy | $425.00 | $375.00 |
| Mihir Bhatia | B of A Securities | Raises | Buy | $375.00 | $344.00 |
| Ramsey El-Assal | Barclays | Raises | Overweight | $385.00 | $330.00 |
| Rufus Hone | BMO Capital | Raises | Outperform | $390.00 | $350.00 |
| Trevor Williams | Jefferies | Raises | Buy | $375.00 | $350.00 |
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: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Corpay compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Corpay's stock. This examination reveals shifts in analysts' expectations over time.
For valuable insights into Corpay's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Corpay analyst ratings.
Unveiling the Story Behind Corpay
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.
Corpay's Financial Performance
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Corpay's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 6.01%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Corpay's net margin excels beyond industry benchmarks, reaching 26.86%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Corpay's ROE stands out, surpassing industry averages. With an impressive ROE of 9.47%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.63%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Corpay's debt-to-equity ratio surpasses industry norms, standing at 2.51. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Analyst Ratings: Simplified
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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