Evercore Partners Increases FleetCor Technologies Price Target to $155.00 (FLT)
Evercore Partners upped their target price on shares of FleetCor Technologies (NYSE:FLT) from $124.00 to $155.00 in a research note issued on Wednesday, American Banking & Market News reports. Evercore Partners’ target price would suggest a potential upside of 21.78% from the stock’s previous close.
FleetCor Technologies (NYSE:FLT) traded up 0.04% during mid-day trading on Wednesday, hitting $127.33. The stock had a trading volume of 1,411,984 shares. FleetCor Technologies has a 52 week low of $67.33 and a 52 week high of $129.24. The stock has a 50-day moving average of $113.0 and a 200-day moving average of $111.9. The company has a market cap of $10.501 billion and a P/E ratio of 37.88.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02. The company had revenue of $255.50 million for the quarter, compared to the consensus estimate of $240.20 million. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, analysts predict that FleetCor Technologies will post $4.96 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of FleetCor Technologies from a “sell” rating to a “hold” rating in a research note on Monday. Separately, analysts at Jefferies Group initiated coverage on shares of FleetCor Technologies in a research note on Friday, February 21st. They set a “buy” rating and a $138.00 price target on the stock. Finally, analysts at Zacks downgraded shares of FleetCor Technologies from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 31st. They now have a $126.30 price target on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. FleetCor Technologies currently has a consensus rating of “Hold” and a consensus price target of $122.90.
In other FleetCor Technologies news, VP John Coughlin sold 17,575 shares of FleetCor Technologies stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $115.85, for a total transaction of $2,036,063.75. Following the transaction, the vice president now directly owns 27,230 shares in the company, valued at approximately $3,154,596. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.