FleetCor Technologies Given New $115.00 Price Target at Raymond James (FLT)
Investment analysts at Raymond James boosted their target price on shares of FleetCor Technologies (NYSE:FLT) from $98.00 to $115.00 in a note issued to investors on Wednesday, Analyst Ratings.Net reports. Raymond James’ target price would suggest a potential upside of 7.07% from the stock’s previous close.
FleetCor Technologies (NYSE:FLT) traded up 1.24% on Wednesday, hitting $107.41. The stock had a trading volume of 2,114,343 shares. FleetCor Technologies has a one year low of $43.06 and a one year high of $108.38. The stock’s 50-day moving average is $98.18 and its 200-day moving average is $84.. The company has a market cap of $8.790 billion and a price-to-earnings ratio of 35.06.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.05. The company had revenue of $220.90 million for the quarter, compared to the consensus estimate of $201.78 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. On average, analysts predict that FleetCor Technologies will post $3.90 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of FleetCor Technologies (NYSE:FLT) from $115.00 to $120.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of FleetCor Technologies (NYSE:FLT) from $97.00 to $120.00 in a research note to investors on Thursday, August 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Zacks upgraded shares of FleetCor Technologies (NYSE:FLT) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, August 7th. They now have a $101.40 price target on the stock.
Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $97.30.
FleetCor Technologies, Inc, is an independent global provider of fuel cards and workforce payment products and services to businesses, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America and Europe.
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