Date | Price Target | Rating | Analyst |
---|---|---|---|
9/3/2024 | Underperform → Peer Perform | Wolfe Research | |
6/5/2024 | $285.00 | Equal Weight | Wells Fargo |
5/17/2024 | $295.00 | Peer Perform → Underperform | Wolfe Research |
Wolfe Research upgraded Corpay from Underperform to Peer Perform
Wells Fargo initiated coverage of Corpay with a rating of Equal Weight and set a new price target of $285.00
Wolfe Research downgraded Corpay from Peer Perform to Underperform and set a new price target of $295.00
10-Q - CORPAY, INC. (0001175454) (Filer)
8-K - CORPAY, INC. (0001175454) (Filer)
8-K - CORPAY, INC. (0001175454) (Filer)
8-K - CORPAY, INC. (0001175454) (Filer)
DEFA14A - CORPAY, INC. (0001175454) (Filer)
Corpay, Inc. (NYSE:CPAY), a corporate payments company, announced today the appointment of Mike Jeffrey, a former Paychex senior sales executive, to the newly established role of USA Chief Revenue Officer (CRO). This new CRO role, reporting to the CEO, will be responsible for new bookings in Corpay's core U.S. market, including the Fleet, Payables, and Workforce Lodging businesses. The CRO will also direct Corpay's cross-sell initiatives. A significant proportion of Corpay's customers already purchase products from multiple Corpay divisions. This new role is designed to create a more unified, single view of the customer across all Corpay segments and capture further cross-sell opportun
Corpay, Inc.*, (NYSE:CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into a strategic partnership with AbbeyCross to provide FX Payments services to Emerging Markets, via the ABX Platform, a new marketplace for FX payments. Corpay Cross-Border is one of the first non-bank providers of global payments to join the ABX Platform. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241001298594/en/ Partnered with 100+ correspondent banks and counterparty trading institutions across 6 continents, Corpay Cross-Border is one of the world's largest non-bank providers of global
Providing access to currency risk management and cross-border payments solutions Corpay, Inc.*, (NYSE:CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with World Athletics, the international governing body for the sport of athletics, covering track and field, cross country running, road running, race walking, mountain running, and ultra running, to become their Official Foreign Exchange (FX) Supplier. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724239669/en/ Through this partnership, World Athletics, and the broader World Athletics famil
Corpay, Inc. (NYSE:CPAY), a corporate payments company, announced today the appointment of Mike Jeffrey, a former Paychex senior sales executive, to the newly established role of USA Chief Revenue Officer (CRO). This new CRO role, reporting to the CEO, will be responsible for new bookings in Corpay's core U.S. market, including the Fleet, Payables, and Workforce Lodging businesses. The CRO will also direct Corpay's cross-sell initiatives. A significant proportion of Corpay's customers already purchase products from multiple Corpay divisions. This new role is designed to create a more unified, single view of the customer across all Corpay segments and capture further cross-sell opportun
Corpay, Inc.*, (NYSE:CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into a strategic partnership with AbbeyCross to provide FX Payments services to Emerging Markets, via the ABX Platform, a new marketplace for FX payments. Corpay Cross-Border is one of the first non-bank providers of global payments to join the ABX Platform. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241001298594/en/ Partnered with 100+ correspondent banks and counterparty trading institutions across 6 continents, Corpay Cross-Border is one of the world's largest non-bank providers of global
Providing access to currency risk management and cross-border payments solutions Corpay, Inc.*, (NYSE:CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with Everton FC, one of the founding members of the Premier League to become their Official Foreign Exchange (FX) Supplier. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924141652/en/ Through this partnership, Everton will be able to utilise Corpay Cross Border's innovative solutions to help mitigate foreign exchange exposure from their day-to-day business needs. Additionally, Corpay Cross-Bor
Corpay, Inc. (NYSE:CPAY), a global corporate payments company, was recently named to the TIME World's Best Companies 2024 rankings. This award is presented by TIME and Statista, the world-leading statistics portal and industry ranking provider. The full TIME World's Best Companies rankings are available at https://time.com/collection/worlds-best-companies-2024/. "It's an honor to be recognized on the TIME World's Best Companies 2024 list for the first of what is hopefully many years to come," said Crystal Williams, Chief Human Resources Officer at Corpay. "There are many variables that determine whether a company is successful or not, but at Corpay we know it all starts with our people and
Providing access to currency risk management and cross-border payments solutions Corpay, Inc.*, (NYSE:CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with the current Premier League title holder, Manchester City to become their Official Foreign Exchange (FX) Partner. As part of this partnership, Corpay Cross-Border has also been named an Official Partner of Manchester City Women. Through this partnership, Manchester City will be able to gain access to and utilise Corpay Cross Border's innovative solutions to help mitigate foreign exchange exposure from their day-to-day business needs. Additionally, Cor
Corpay, Inc. (NYSE:CPAY), a global corporate payments company, is proud to be Certified™ by Great Places to Work® for 2024. The prestigious award is determined by what current employees say about their experience working at Corpay. This year, nearly 70% of U.S.-based Corpay employees said it's a great place to work based on a survey with benchmarks against Fortune's 2024 Top 100 Best Companies. "It's extremely gratifying to be Certified as a Great Place to Work knowing the recognition correlates directly to the input of our employees," says Crystal Williams, Chief Human Resources Officer at Corpay. "Each individual Corpay team member helps drive our success, so as a company, we're laser f
Paymerang acquisition closed on July 1, 2024 Corpay, Inc. (NYSE:CPAY), a corporate payments company, today reported financial results for its second quarter ended June 30, 2024. "Our results were slightly ahead of our expectations. Our most recent business trends, including same store sales, new sales and customer retention, all meaningfully improved in the second quarter, which bodes well for our 2024 exit," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "Our Corporate Payments revenue continued to grow in the high teens and with the addition of Paymerang on July 1st and GPS Capital Markets expected in early 2025, that business is well on its way to becoming 40% of
Corpay, Inc., (NYSE:CPAY) a global corporate payments company, today announced that the Company will host a conference call to discuss second quarter 2024 financial results on Wednesday, August 7, 2024 at 5:30 pm ET. Hosting the call will be Ron Clarke, chief executive officer, Tom Panther, chief financial officer and Jim Eglseder, investor relations. A press release with second quarter financial results will be issued after the market close that same day. The call will be webcast live from the Company's investor relations website at https://investor.corpay.com/. The conference call can also be accessed live over the phone by dialing (800)-225-9448 or (203)-518-9708; the Conference ID is
Providing access to currency risk management and cross-border payments solutions Corpay, Inc.*, (NYSE:CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with World Athletics, the international governing body for the sport of athletics, covering track and field, cross country running, road running, race walking, mountain running, and ultra running, to become their Official Foreign Exchange (FX) Supplier. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724239669/en/ Through this partnership, World Athletics, and the broader World Athletics famil
Providing access to currency risk management and cross-border payments solutions Corpay, Inc.*, (NYSE:CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with AEG Presents UK, a global leader in live music and events, to become the Official B2B Foreign Exchange (FX) Partner of AEG Presents in Europe. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723310702/en/ Through this partnership, AEG Presents UK will gain access to and utilise Corpay Cross Border's innovative solutions to help mitigate foreign exchange exposure from their day-to-day busi
Jefferies analyst Trevor Williams maintains Corpay (NYSE:CPAY) with a Buy and raises the price target from $295 to $350.
Evercore ISI Group maintains Corpay (NYSE:CPAY) with a Outperform and lowers the price target from $350 to $345.
B of A Securities maintains Corpay (NYSE:CPAY) with a Buy and raises the price target from $326 to $331.
In the latest quarter, 11 analysts provided ratings for Corpay (NYSE:CPAY), showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 5 3 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 2 1 1 0 3M Ago 2 3 0 0 0 Analysts have recently evaluated Corpay and provided 12-month price targets. The average target is $336.0, accompanied by a high estimate of $376.00 and a low estimate of $285.00. This upward trend is evident, with the current average reflec
RBC Capital analyst Daniel Perlin reiterates Corpay (NYSE:CPAY) with a Sector Perform and maintains $310 price target.
Corpay, Inc. (NYSE:CPAY) disclosed a definitive agreement to acquire GPS Capital Markets, LLC for an undisclosed amount. Headquartered in Salt Lake City, Utah, GPS Capital Markets offers cross-border and treasury management solutions to upper-middle market companies in the U.S. Founded in 2002, GPS has several offices throughout the U.S., as well as in Australia, Canada, the European Union and the United Kingdom. Post deal closure, Corpay will process cross-border payments for roughly 23,000 customers in more than 145 currencies across six continents. Ron Clarke, chairman and chief executive officer, Corpay said, “GPS is our third largest deal ever…GPS presents significant reven
The transaction is expected to close in early 2025, subject to regulatory approval and standard closing conditions.Accretive to revenue and EPS growth in 2025 Company reiterates Q2'24 outlook
The expansion aims to offer more localized support to clients in the region and provide innovative solutions tailored to the local marketCorpay, Inc.*, (NYSE:CPAY), a global leader in corporate payments, is pleased to announce the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. This expansion reinforces the company's leading position in the payment industry and strengthens its presence in the Asia-Pacific region.
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 es
Wells Fargo analyst Andrew Bauch initiates coverage on Corpay (NYSE:CPAY) with a Equal-Weight rating and announces Price Target of $285.
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4/A - CORPAY, INC. (0001175454) (Issuer)
4/A - CORPAY, INC. (0001175454) (Issuer)
4 - CORPAY, INC. (0001175454) (Issuer)
Paymerang acquisition closed on July 1, 2024 Corpay, Inc. (NYSE:CPAY), a corporate payments company, today reported financial results for its second quarter ended June 30, 2024. "Our results were slightly ahead of our expectations. Our most recent business trends, including same store sales, new sales and customer retention, all meaningfully improved in the second quarter, which bodes well for our 2024 exit," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "Our Corporate Payments revenue continued to grow in the high teens and with the addition of Paymerang on July 1st and GPS Capital Markets expected in early 2025, that business is well on its way to becoming 40% of
Corpay, Inc., (NYSE:CPAY) a global corporate payments company, today announced that the Company will host a conference call to discuss second quarter 2024 financial results on Wednesday, August 7, 2024 at 5:30 pm ET. Hosting the call will be Ron Clarke, chief executive officer, Tom Panther, chief financial officer and Jim Eglseder, investor relations. A press release with second quarter financial results will be issued after the market close that same day. The call will be webcast live from the Company's investor relations website at https://investor.corpay.com/. The conference call can also be accessed live over the phone by dialing (800)-225-9448 or (203)-518-9708; the Conference ID is
Accretive to revenue and EPS growth in 2025 Company reiterates Q2'24 outlook Corpay, Inc. (NYSE:CPAY), a global corporate payments company, today announced that it has signed a definitive agreement to acquire GPS Capital Markets, LLC. GPS provides business-to-business cross-border and treasury management solutions to upper middle market companies, primarily in the US. The transaction is expected to close in early 2025, subject to regulatory approval and standard closing conditions. "GPS is our third largest deal ever. We're quite excited about GPS' assets including a blue-chip roster of clients, a team of terrific FX specialists, and a market leading FX netting technology," said Ron