FleetCor Technologies VP Sells $1,296,141 in Stock (FLT)
FleetCor Technologies (NYSE:FLT) VP John Coughlin sold 12,670 shares of the stock on the open market in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $102.30, for a total value of $1,296,141.00. Following the completion of the sale, the vice president now directly owns 44,805 shares of the company’s stock, valued at approximately $4,583,552. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of FleetCor Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $126.30 price target on the stock. Finally, analysts at Barclays raised their price target on shares of FleetCor Technologies from $120.00 to $125.00 in a research note to investors on Thursday, October 31st. They now have an “overweight” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.04.
FleetCor Technologies (NYSE:FLT) traded down 3.33% during mid-day trading on Monday, hitting $101.69. 1,573,872 shares of the company’s stock traded hands. FleetCor Technologies has a one year low of $58.79 and a one year high of $123.96. The stock’s 50-day moving average is $114.5 and its 200-day moving average is $108.. The company has a market cap of $8.364 billion and a P/E ratio of 32.29.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.98 by $0.10. The company had revenue of $225.20 million for the quarter, compared to the consensus estimate of $216.32 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, analysts predict that FleetCor Technologies will post $4.03 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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