FleetCor Technologies VP Sells $2,531,970 in Stock (FLT)
FleetCor Technologies (NYSE:FLT) VP John Coughlin sold 21,000 shares of FleetCor Technologies stock on the open market in a transaction dated Thursday, May 15th. The stock was sold at an average price of $120.57, for a total value of $2,531,970.00. Following the transaction, the vice president now directly owns 330 shares of the company’s stock, valued at approximately $39,788. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of FleetCor Technologies in a research note on Friday, May 2nd. They now have a $125.00 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of FleetCor Technologies to $156.00 in a research note on Friday, May 2nd. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. FleetCor Technologies has an average rating of “Buy” and an average target price of $132.76.
Shares of FleetCor Technologies (NYSE:FLT) traded up 0.28% during mid-day trading on Monday, hitting $121.67. The stock had a trading volume of 463,235 shares. FleetCor Technologies has a 52 week low of $80.10 and a 52 week high of $132.22. The stock has a 50-day moving average of $115.8 and a 200-day moving average of $116.. The company has a market cap of $10.090 billion and a P/E ratio of 34.98.
FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. Analysts expect that FleetCor Technologies will post $5.04 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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