FleetCor Technologies Inc. Hits New 52-Week High at $114.16 (FLT)
Shares of FleetCor Technologies (NYSE:FLT) hit a new 52-week high during mid-day trading on Tuesday, StockRatingsNetwork.com reports. The stock traded as high as $114.16 and last traded at $113.15, with a volume of 628,546 shares trading hands. The stock had previously closed at $112.32.
FLT has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of FleetCor Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $113.40 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of FleetCor Technologies from $98.00 to $115.00 in a research note to investors on Wednesday, September 11th. Finally, analysts at Barclays raised their price target on shares of FleetCor Technologies from $115.00 to $120.00 in a research note to investors on Wednesday, September 11th. They now have an “overweight” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. FleetCor Technologies presently has a consensus rating of “Hold” and a consensus price target of $98.80.
In other FleetCor Technologies news, CEO Andrew Blazye sold 4,461 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $110.00, for a total transaction of $490,710.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
FleetCor Technologies has a 52 week low of $42.37 and a 52 week high of $110.42. The stock’s 50-day moving average is $99.8 and its 200-day moving average is $84.8. The company has a market cap of $9.277 billion and a P/E ratio of 37.12.
FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, August 1st. The company reported $1.00 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.73 earnings per share. FleetCor Technologies’s revenue was up 28.6% compared to the same quarter last year. 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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