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 reflecting a 0.23% increase from the previous average price target of $335.22.
Understanding Analyst Ratings: A Comprehensive Breakdown
A comprehensive examination of how financial experts perceive Corpay is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Daniel Perlin | RBC Capital | Maintains | Sector Perform | $310.00 | $310.00 |
| 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 frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Corpay. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Corpay compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Corpay's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Corpay's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Corpay analyst ratings.
Get to Know Corpay Better
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.
Unraveling the Financial Story of Corpay
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 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. As compared to competitors, the company encountered difficulties, 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 24.57%. 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 7.03%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Corpay's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.47%, the company showcases efficient use of assets and strong financial health.
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 Core of Analyst Ratings: What Every Investor Should Know
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.