FleetCor Technologies VP Jeffrey Lamb Sells 20,000 Shares (FLT)
FleetCor Technologies (NYSE:FLT) VP Jeffrey Lamb sold 20,000 shares of the stock on the open market in a transaction dated Thursday, September 12th. The stock was sold at an average price of $107.53, for a total value of $2,150,600.00. Following the completion of the transaction, the vice president now directly owns 5,100 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
FLT has been the subject of a number of recent research reports. 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 assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $97.30.
FleetCor Technologies (NYSE:FLT) traded down 0.01% 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 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 $3.91 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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