Corpay (NYSE:CPAY) Stock Price Expected to Rise, Scotiabank Analyst Says

Corpay (NYSE:CPAY) had its target price upped by research analysts at Scotiabank from $536.00 to $539.00 in a report released on Thursday, Benzinga reports. The firm currently has a “sector outperform” rating on the corporate payments company’s stock. Scotiabank‘s price target would suggest a potential upside of 19.56% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Corpay from $400.00 to $470.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Wall Street Zen downgraded Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Royal Bank Of Canada boosted their price target on shares of Corpay from $438.00 to $474.00 and gave the stock a “sector perform” rating in a research note on Thursday. Keefe, Bruyette & Woods increased their price target on shares of Corpay from $470.00 to $525.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wolfe Research raised their price objective on shares of Corpay from $475.00 to $530.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Corpay presently has a consensus rating of “Moderate Buy” and an average price target of $462.85.

Corpay Trading Up 7.7%

Shares of NYSE:CPAY traded up $32.22 during mid-day trading on Thursday, reaching $450.82. 1,274,533 shares of the company were exchanged, compared to its average volume of 588,915. Corpay has a 1 year low of $259.05 and a 1 year high of $479.53. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s 50-day simple moving average is $403.19 and its 200 day simple moving average is $359.03. The firm has a market cap of $29.60 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 1.11 and a beta of 0.94.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.20 by $0.34. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company earned $5.70 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. Equities research analysts forecast that Corpay will post 25.81 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Ronald Clarke sold 119,486 shares of the business’s 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 of the company’s stock, valued at $970,925,692. The trade was a 4.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven Stull sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $410.66, for a total value of $1,642,640.00. Following the sale, the director owned 23,598 shares in the company, valued at approximately $9,690,754.68. This trade represents a 14.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 220,860 shares of company stock valued at $91,395,514. 5.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Corpay

A number of institutional investors and hedge funds have recently made changes to their positions in CPAY. Knights of Columbus Asset Advisors LLC acquired a new stake in Corpay in the third quarter valued at approximately $5,349,000. Lido Advisors LLC grew its holdings in Corpay by 67.1% during the 3rd quarter. Lido Advisors LLC now owns 2,452 shares of the corporate payments company’s stock worth $953,000 after acquiring an additional 985 shares in the last quarter. Keybank National Association OH grew its holdings in Corpay by 111.6% during the 3rd quarter. Keybank National Association OH now owns 2,436 shares of the corporate payments company’s stock worth $904,000 after acquiring an additional 1,285 shares in the last quarter. New York Life Investment Management LLC increased its position in shares of Corpay by 49.7% in the 3rd quarter. New York Life Investment Management LLC now owns 14,644 shares of the corporate payments company’s stock valued at $5,517,000 after purchasing an additional 4,863 shares during the last quarter. Finally, AlphaCore Capital LLC increased its position in shares of Corpay by 162.6% in the 3rd quarter. AlphaCore Capital LLC now owns 1,896 shares of the corporate payments company’s stock valued at $708,000 after purchasing an additional 1,174 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting 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, while revenue rose 17.9% year over year to $1.38 billion, also topping estimates. One report highlighted a 57.4% EBITDA margin. Corpay Q3 beat and margins
• Positive Sentiment: The company raised its fiscal 2026 outlook, projecting revenue of $5.34 billion to $5.36 billion, above the cited $5.32 billion estimate. It also forecast 9%–11% organic revenue growth in 2027 and said it expects to deploy about $2 billion of free cash flow, supporting the growth outlook and potential shareholder returns. Corpay outlook
• Positive Sentiment: Several firms raised their price targets: Scotiabank to $539 from $536, Keefe, Bruyette & Woods to $525 from $470, and Oppenheimer to $461 from $454. The increases signal improved analyst expectations following the results. KBW target change
• Neutral Sentiment: Corpay completed the sale of its vehicle maintenance business. The available report does not specify the financial terms or expected impact, so the transaction’s effect on results is unclear. Vehicle maintenance business sale

About Corpay

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.