FleetCor Technologies Inc. Reaches New 12-Month High at $110.42 (FLT)
FleetCor Technologies (NYSE:FLT)’s share price reached a new 52-week high during mid-day trading on Wednesday, Analyst Ratings Network.com reports. The stock traded as high as $110.42 and last traded at $107.44, with a volume of 1,864,241 shares traded. The stock had previously closed at $106.09.
FLT has been the subject of a number of recent research reports. 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 four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $95.18.
FleetCor Technologies has a 52-week low of $43.06 and a 52-week 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 released its earnings data on Thursday, August 1st. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue 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.
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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