FleetCor Technologies Short Interest Down 48.4% in March (FLT)
Shares of FleetCor Technologies (NYSE:FLT) were the recipient of a large drop in short interest during the month of January. As of March 14th, there was short interest totalling 317,533 shares, a drop of 48.4% from the February 28th total of 615,450 shares, Analyst Ratings.Net reports. Based on an average daily volume of 1,023,506 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are short sold.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of FleetCor Technologies from $130.00 to $150.00 in a research note on Thursday, February 27th. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of FleetCor Technologies from $135.00 to $147.00 in a research note on Thursday, February 27th. They now have a “buy” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of FleetCor Technologies from $124.00 to $155.00 in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. FleetCor Technologies has an average rating of “Buy” and a consensus price target of $132.33.
Shares of FleetCor Technologies (NYSE:FLT) opened at 115.57 on Thursday. FleetCor Technologies has a 52-week low of $70.09 and a 52-week high of $132.22. The stock has a 50-day moving average of $120.1 and a 200-day moving average of $115.3. The company has a market cap of $9.532 billion and a price-to-earnings ratio of 33.41.
FleetCor Technologies (NYSE:FLT) last released its earnings data on Wednesday, February 5th. The company reported $1.08 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.82 earnings per share. FleetCor Technologies’s revenue was up 26.1% compared to the same quarter last year. On average, analysts predict that FleetCor Technologies will post $4.97 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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