FleetCor Technologies VP Sells $1,352,160 in Stock (FLT)
FleetCor Technologies (NYSE:FLT) VP John Coughlin unloaded 12,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $112.68, for a total value of $1,352,160.00. Following the sale, the vice president now directly owns 29,475 shares in the company, valued at approximately $3,321,243. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on FLT shares. 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $98.80.
Shares of FleetCor Technologies (NYSE:FLT) traded down 2.00% on Wednesday, hitting $111.09. The stock had a trading volume of 604,630 shares. 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 $9.091 billion and a price-to-earnings ratio of 37.46.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings results 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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