FleetCor Technologies Receives “Overweight” Rating from Barclays (FLT)
FleetCor Technologies (NYSE:FLT)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a research report issued on Friday. They currently have a $155.00 price objective on the stock, up from their previous price objective of $150.00. Barclays’ price target suggests a potential upside of 16.73% from the stock’s previous close.
A number of other analysts have also recently weighed in on FLT. Analysts at Piper Jaffray initiated coverage on shares of FleetCor Technologies in a research note on Wednesday, July 16th. They set a “neutral” rating and a $134.00 price target on the stock. Analysts at Goldman Sachs initiated coverage on shares of FleetCor Technologies in a research note on Tuesday, July 8th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. FleetCor Technologies has a consensus rating of “Buy” and an average target price of $133.54.
Shares of FleetCor Technologies (NYSE:FLT) traded down 1.74% on Friday, hitting $130.48. 839,010 shares of the company’s stock traded hands. FleetCor Technologies has a one year low of $94.21 and a one year high of $138.19. The stock’s 50-day moving average is $131.9 and its 200-day moving average is $121.. The company has a market cap of $10.821 billion and a price-to-earnings ratio of 38.28.
FleetCor Technologies (NYSE:FLT) last released its earnings data on Thursday, July 31st. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.02. The company had revenue of $273.50 million for the quarter, compared to the consensus estimate of $273.70 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 23.8% on a year-over-year basis. Analysts expect that FleetCor Technologies will post $5.05 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.
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.