FleetCor Technologies Director Sells $2,141,400 in Stock (FLT)
FleetCor Technologies (NYSE:FLT) Director Steven Stull sold 20,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $107.07, for a total transaction of $2,141,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of FleetCor Technologies (NYSE:FLT) from $98.00 to $115.00 in a research note to investors on Wednesday. Separately, 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. Finally, 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.
Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. FleetCor Technologies has a consensus rating of “Hold” and a consensus price target of $97.30.
FleetCor Technologies (NYSE:FLT) traded down 0.01% during mid-day trading on Friday, hitting $107.23. The stock had a trading volume of 496,622 shares. FleetCor Technologies has a 52 week low of $43.06 and a 52 week high of $110.42. The stock has a 50-day moving average of $99.32 and a 200-day moving average of $84.57. The company has a market cap of $8.775 billion and a price-to-earnings ratio of 35.44.
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. Analysts expect that FleetCor Technologies will post $3.91 EPS 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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