Keefe, Bruyette & Woods Increases Corpay (NYSE:CPAY) Price Target to $470.00

Corpay (NYSE:CPAY) had its price target upped by stock analysts at Keefe, Bruyette & Woods from $400.00 to $470.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the corporate payments company’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 19.51% from the stock’s current price.

CPAY has been the subject of several other reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corpay in a research note on Friday, July 24th. Loop Capital assumed coverage on shares of Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 price target for the company. Oppenheimer restated an “outperform” rating and set a $388.00 price objective on shares of Corpay in a research report on Friday, May 8th. Morgan Stanley increased their price objective on shares of Corpay from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $442.00 target price on shares of Corpay in a research report on Thursday. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $401.85.

Corpay Price Performance

Shares of Corpay stock opened at $393.28 on Thursday. The firm has a market cap of $25.70 billion, a PE ratio of 23.54, a P/E/G ratio of 1.08 and a beta of 0.87. Corpay has a twelve month low of $252.84 and a twelve month high of $405.95. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The business has a 50-day moving average price of $356.34 and a 200 day moving average price of $337.74.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.58 by $0.42. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business posted $5.13 earnings per share. Corpay’s revenue for the quarter was up 21.5% on a year-over-year basis. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Sell-side analysts predict that Corpay will post 25.48 earnings per share for the current fiscal year.

Insider Activity at Corpay

In related news, Director Steven T. Stull sold 1,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the transaction, the director directly owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the transaction, the insider directly owned 11,274 shares in the company, valued at approximately $3,969,913.62. This represents a 86.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 88,677 shares of company stock worth $31,304,091. Company insiders own 5.19% of the company’s stock.

Institutional Investors Weigh In On Corpay

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Corpay by 168,603.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company’s stock valued at $448,282,000 after buying an additional 1,488,772 shares during the period. M&T Bank Corp raised its position in shares of Corpay by 4,657.7% during the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock valued at $314,193,000 after buying an additional 1,022,129 shares during the period. Norges Bank purchased a new stake in shares of Corpay during the 4th quarter valued at approximately $266,190,000. Orbis Allan Gray Ltd lifted its holdings in Corpay by 20.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock valued at $1,501,029,000 after acquiring an additional 859,854 shares during the last quarter. Finally, Spruce House Investment Management LLC lifted its holdings in Corpay by 95.3% in the fourth quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company’s stock valued at $249,772,000 after acquiring an additional 405,000 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Key Corpay News

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Corpay reported adjusted EPS of $7.00, exceeding the $6.58 consensus estimate and rising from $5.13 a year earlier. Revenue increased 21.5% year over year to $1.34 billion, ahead of the $1.30 billion estimate. Management cited 21% revenue growth, 36% adjusted net income per-share growth and double-digit organic revenue growth for the fifth consecutive quarter. Corpay Reports Second Quarter Financial Results
• Positive Sentiment: Full-year and third-quarter guidance are above analyst expectations. Corpay forecast third-quarter EPS of $7.05–$7.25 versus consensus of $6.96, with revenue of approximately $1.4 billion versus expectations of $1.3 billion. Its FY 2026 EPS outlook of $27.15–$27.55 also exceeds the $26.52 consensus estimate, implying a midpoint of $27.35. Corpay Signals 2026 Cash EPS Midpoint
• Positive Sentiment: Portfolio streamlining could improve strategic focus. Corpay agreed to sell UK-based epyx and related businesses r2c Online and Business Gateway to OEConnection. Management describes the assets as non-core, and the transaction may allow Corpay to concentrate capital and resources on higher-priority corporate payments and expense-management operations. Corpay Announces Agreement to Sell Non-Core Vehicle Payments Business
• Neutral Sentiment: Corpay Cross-Border was named the official foreign-exchange partner of the new Ultimate Sevens rugby championship. The agreement may provide branding and business-development opportunities, but its near-term financial effect is unclear. Corpay Cross-Border Named Official FX Partner

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.