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Corpay CPAY - News Analyzed: 3,303 - Last Week: 100 - Last Month: 500

⇑ Corpay CPAY: Bullish Investment Outlook with Major Partnerships and Strategic Acquisitions

Corpay CPAY: Bullish Investment Outlook with Major Partnerships and Strategic Acquisitions
Bessemer Group Inc. and several other major firms such as American International Group Inc., EP Wealth Advisors LLC, Clearbridge Investments LLC, and Blair William & Co. IL have invested significantly in Corpay, Inc. (NYSE:CPAY). Among these, investments by Mitsubishi UFJ Trust & Banking Corp and US Bancorp DE stand out due to their substantial financial commitment. Corpay is widening its operational outreach by extending its international payments partnership with the WTA and becoming the official World Athletics Foreign Exchange Supplier. It has also announced partnerships with AEG Presents UK in Europe. Latest EPS estimates for Q4 2024 by Zacks Research imply a promising future for the company. On the acquisition front, Corpay is set to acquire AP Corporate Payments Company and a Cross-Border Payments Company, expanding its business scope. The company has also rebranded FLEETCOR as Corpay, indicating a strategic focus on enhancing its B2B payment solutions. Analysts have set Corpay Inc.'s PT at $333.91, with predictions of it being raised to $350.00, suggesting a positive investment outlook.

Corpay CPAY News Analytics from Fri, 23 Dec 2016 22:41:13 GMT to Sun, 28 Jul 2024 13:54:25 GMT - Rating 8 - Innovation 7 - Information 8 - Rumor 5

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