FleetCor Technologies Price Target Raised to $156.00 at Evercore Partners (FLT)
Evercore Partners raised their price objective on shares of FleetCor Technologies (NYSE:FLT) to $156.00 in a research note issued on Friday, Analyst Ratings Network reports. Evercore Partners’ price target points to a potential upside of 29.51% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of FleetCor Technologies in a research note on Thursday, April 24th. They now have a $139.00 price target on the stock. Separately, 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. FleetCor Technologies has an average rating of “Buy” and a consensus target price of $132.76.
FleetCor Technologies (NYSE:FLT) opened at 120.45 on Friday. FleetCor Technologies has a 52 week low of $80.09 and a 52 week high of $132.22. The stock’s 50-day moving average is $114.6 and its 200-day moving average is $115.7. The company has a market cap of $9.935 billion and a P/E ratio of 34.21.
FleetCor Technologies (NYSE:FLT) last released its earnings data on Thursday, May 1st. The company reported $1.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.05. The company had revenue of $253.90 million for the quarter, compared to the consensus estimate of $242.61 million. During the same quarter last year, the company posted $0.90 earnings per share. FleetCor Technologies’s revenue was up 31.1% compared to the same quarter last year. Analysts expect that FleetCor Technologies will post $4.97 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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