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Equities research analysts at First Analysis initiated coverage on shares of FleetMatics Group PLC (NASDAQ:FLTX) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $40.16 price target on the stock. First Analysis’ price target indicates a potential downside of 3.39% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets initiated coverage on shares of FleetMatics Group PLC in a research note to investors on Thursday, December 19th. They set an “outperform” rating on the stock. Analysts at Midtown Partners initiated coverage on shares of FleetMatics Group PLC in a research note to investors on Tuesday, December 3rd. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.03.

Shares of FleetMatics Group PLC (NASDAQ:FLTX) traded up 3.51% during mid-day trading on Tuesday, hitting $41.57. 361,151 shares of the company’s stock traded hands. FleetMatics Group PLC has a one year low of $21.14 and a one year high of $52.28. The stock has a 50-day moving average of $39.8 and a 200-day moving average of $38.63. The company has a market cap of $1.532 billion and a price-to-earnings ratio of 74.10.

FleetMatics Group PLC (NASDAQ:FLTX) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.03. The company had revenue of $46.30 million for the quarter, compared to the consensus estimate of $44.55 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 39.5% on a year-over-year basis. On average, analysts predict that FleetMatics Group PLC will post $0.86 earnings per share for the current fiscal year.

Fleetmatics Group PLC (NASDAQ:FLTX) is a provider of fleet management solutions delivered as software-as-a-service (SaaS).

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