How to Buy Corpay Stock
Corpay Inc
Corpay is a software infrastructure company located in Georgia, United States, which is part of the Technology sector, and is traded under the ticker CPAY on the NYSE exchange.
Corpay stock last closed at $307.42, up 0.26% from the previous day, and has increased 42.16% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.28 percentage points. Corpay stock is currently +50.67% from its 52-week low of $204.04, and -3.91% from its 52-week high of $319.94.
At the moment, there are 71.85M CPAY shares outstanding. The market cap of CPAY is $22.09B. In the past 24 hours, 289,898 CPAY shares were traded.
How to Buy Corpay Stock
Wondering how to invest in Corpay stock? Here's how.
- Figure out where to buy Corpay stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Corpay stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your method of payment and add your information.
- Research Corpay stock: The Corpay ticker symbol is CPAY. Is Corpay stock a good investment? Should you buy shares of CPAY? How do CPAY's underlying business fundamentals look? Do top analysts think Corpay is a good buy? Why has CPAY's stock price moved recently? (Hint: Our stock research tools can help you understand if CPAY is a good stock to buy).
- Execute your CPAY trade: Decide if you will purchase CPAY shares at the current market price or use a limit order to buy CPAY stock at a given price.
- Track your investment in CPAY: Create a watchlist to keep tabs on your position in Corpay stock.
Step 1: Figure out where to buy Corpay stock
You need an online brokerage account in order to access the NYSE market and buy CPAY stock.
Our preferred brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
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- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
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- Buy other assets: Such as ETFs and cryptocurrencies.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you are able to invest in CPAY today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new trading account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on the best stock market app for beginners, you can securely and quickly fund your account:
Watch the video below if you need help transferring money into your investment account.
Step 4: Research Corpay stock
Once you have decided on the best place to buy Corpay stock, it's very important to analyze their stock prior to buying, so you truly understand the risk and upside.
Corpay quick stats
CPAY Overview
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on CPAY's stock page.
How is CPAY stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge CPAY's true value.
Using relative valuations ratios:
- CPAY could be undervalued based on its P/E ratio of 22.91x, relative to Software - Infrastructure industry P/E ratio of 77.6x
- CPAY may be undervalued based on its P/B ratio of 6.73x, relative to Software - Infrastructure industry P/B ratio of 11.8x
- CPAY could be undervalued based on its PEG ratio of 0.64x
You can do additional valuation research on CPAY's stock here.
CPAY Financial Overview
Pros:
- There are more short-term assets than long-term liabilities on the CPAY balance sheet.
- There are more short-term assets than short-term liabilities on the CPAY balance sheet.
- CPAY's operating cash flow of $2.10B allows it to safely service it's debt of $6.72B.
Cons:
- Total CPAY debt is higher than 5 years ago, relative to shareholder equity.
- CPAY profit margin has gone down from 27.8% to 26.1% in the past year.
- CPAY earnings of $1.67B is not sufficient to cover its interest payments.
- CPAY has a relatively high debt to equity ratio of 3.72.
Is CPAY stock a Buy, Hold, or Sell, according to analysts?
Out of 11 Equities analysts who research CPAY, the consensus analyst rating on Corpay is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest CPAY Analyst Upgrades/Downgrades
Rufus Hone, a top 16% analyst from BMO Capital maintains CPAY with a buy rating and lowers their CPAY price target from $340.00 to $330.00, on Feb 14, 2024.
Tien-tsin Huang, a top 23% analyst from JP Morgan maintains CPAY with a strong buy rating and raises their CPAY price target from $285.00 to $337.00, on Feb 8, 2024.
Daniel Perlin, a bottom 2% analyst from RBC Capital maintains CPAY with a hold rating and raises their CPAY price target from $270.00 to $302.00, on Feb 8, 2024.
Dan Dolev, a bottom 1% analyst from Mizuho maintains CPAY with a hold rating and raises their CPAY price target from $235.00 to $265.00, on Jan 18, 2024.
John Davis, a bottom 1% analyst from Raymond James maintains CPAY with a buy rating and raises their CPAY price target from $277.00 to $281.00, on Nov 10, 2023.
You can dig deeper into what analysts are saying on the Corpay stock forecast page.
CPAY Technical Indicators
CPAY Performance Metrics
Last year, CPAY earnings were $981.89M. Over the last five year, CPAY's earnings have increased by 7.98% per year. This was slower than the Software - Infrastructure industry average of 141.57%.
Last year, CPAY revenue was $3.76B. During the last five year, CPAY's revenue has grown by 9.08% per year. This was slower than the Software - Infrastructure industry average of 17.1%.
You can research CPAY's earnings and revenue performance here.
Are CPAY insiders buying or selling the stock?
In the last year, insiders at CPAY have bought more shares than they have sold.
Alissa B. Vickery, Chief Accounting Officer of CPAY, was the latest CPAY insider to sell. They sold $11,153.76 worth of CPAY stock on Mar 12, 2024.
Learn more about who owns CPAY shares here.
Does CPAY stock generate passive income?
No, Corpay doesn't provide an income stream by paying out dividends.
What others are saying about CPAY
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your CPAY trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.
Press the Open Trade button and your broker will place your order.
If you need more assistance investing in stocks on eToro, click the how to video below:
Step 6: Track your investment in CPAY
Now that you own some CPAY shares, you'll want to stay up-to-date on your new stock purchase.
Make a watchlist to track your CPAY stock.
CPAY Feed
How to Buy Stock in Corpay
To summarize, here are the 6 steps for buying Corpay stock:
- Figure out where to buy Corpay stock
- Open your brokerage account
- Fund your investment account
- Research Corpay stock
- Execute your CPAY trade
- Track your investment in CPAY
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Corpay, click below.
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