Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Corpay (NYSE:CPAY) Stock

Corpay (NYSE:CPAY) had its target price upped by stock analysts at Keefe, Bruyette & Woods from $470.00 to $525.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the corporate payments company’s stock. Keefe, Bruyette & Woods‘s target price indicates a potential upside of 15.35% from the company’s current price.

Other research analysts also recently issued reports about the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $442.00 price target on shares of Corpay in a research report on Thursday, August 6th. Wolfe Research boosted their price objective on shares of Corpay from $475.00 to $530.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. upped their price objective on shares of Corpay from $400.00 to $470.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Cantor Fitzgerald increased their target price on shares of Corpay from $415.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $469.00.

Corpay Stock Up 1.8%

Shares of Corpay stock traded up $8.13 on Thursday, hitting $455.13. 1,077,901 shares of the company traded hands, compared to its average volume of 454,660. The company has a 50-day moving average price of $405.04 and a 200 day moving average price of $360.03. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70. Corpay has a 12-month low of $271.22 and a 12-month high of $479.53. The company has a market cap of $29.88 billion, a PE ratio of 25.03, a PEG ratio of 1.12 and a beta of 0.94.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.20 by $0.34. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%. Corpay’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the company earned $5.70 earnings per share. Sell-side analysts predict that Corpay will post 25.81 earnings per share for the current year.

Insider Transactions at Corpay

In other Corpay news, CEO Ronald Clarke sold 119,486 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven T. Stull sold 4,000 shares of Corpay stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $410.66, for a total value of $1,642,640.00. Following the transaction, the director directly owned 23,598 shares of the company’s stock, valued at approximately $9,690,754.68. The trade was a 14.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 220,860 shares of company stock valued at $91,395,514. Corporate insiders own 5.19% of the company’s stock.

Institutional Investors Weigh In On Corpay

A number of hedge funds have recently made changes to their positions in the company. Spruce House Investment Management LLC increased its holdings in shares of Corpay by 6.0% during the first quarter. Spruce House Investment Management LLC now owns 880,000 shares of the corporate payments company’s stock worth $256,071,000 after buying an additional 50,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Corpay by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 782,500 shares of the corporate payments company’s stock worth $227,695,000 after purchasing an additional 23,646 shares in the last quarter. Hawk Ridge Capital Management LP boosted its stake in Corpay by 20.5% in the first 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. Bank of New York Mellon Corp acquired a new position in Corpay in the second quarter worth $107,805,000. Finally, Bank of America Corp DE grew its holdings in shares of Corpay by 0.6% during the first quarter. Bank of America Corp DE now owns 364,102 shares of the corporate payments company’s stock worth $105,950,000 after purchasing an additional 2,131 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Trending Headlines about Corpay

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

Corpay Company Profile

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.