Corpay (CPAY) has showcased a substantial series of noteworthy market updates recently. CPAY has reported quarterly earnings that exceeded expectations while generating an impressive fuel payments revenue of $494M. It's shares are being targeted at $350.17 by brokerages. Recent acquisitions signify strategic moves for the company. Particularly, the acquisition of AP Corporate Payments company and Paymerang are key indications of expansion and market presence strengthening with insiders suggesting the latter will potentiate job creation.
However, Corpay has seen a downgrade in its financial outlook following an analyst downgrade. This was compounded by missing revenue forecasts. Despite these challenges, CPAY remains a favorite among institutional investors who own 87% of the company. The company has recently been rebranded from FLEETCOR; a move viewed favorably by investors. Corpay is trading at a discount but is not lagging in market growth or pricing. Overall, a busy period of strategic moves, mixed financial performance results and significant market presence.
Corpay CPAY News Analytics from Fri, 23 Dec 2016 22:41:13 GMT to Sun, 12 May 2024 05:52:33 GMT -
Rating +5
- Innovation +3
- Information +7
- Rumor +2
