Shares of FleetCor Technologies, Inc. (NYSE:FLT) have received a consensus recommendation of “Buy” from the sixteen analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $195.64.
Several equities research analysts have recently issued reports on FLT shares. Zacks Investment Research lowered shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Morgan Stanley raised their price target on shares of FleetCor Technologies from $184.00 to $189.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. SunTrust Banks set a $180.00 price target on shares of FleetCor Technologies and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Citigroup raised their price target on shares of FleetCor Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, Oppenheimer restated an “outperform” rating and set a $185.00 price target on shares of FleetCor Technologies in a research note on Tuesday, September 26th.
In related news, insider Kurt Patrick Adams sold 7,099 shares of FleetCor Technologies stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $170.00, for a total value of $1,206,830.00. Following the completion of the transaction, the insider now directly owns 9,246 shares in the company, valued at approximately $1,571,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.60% of the stock is currently owned by insiders.
Shares of FleetCor Technologies (NYSE FLT) traded up $3.40 during mid-day trading on Friday, hitting $206.65. 457,218 shares of the stock traded hands, compared to its average volume of 575,485. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.84. FleetCor Technologies has a 12 month low of $121.52 and a 12 month high of $207.03. The stock has a market cap of $18,510.00, a price-to-earnings ratio of 35.14, a P/E/G ratio of 1.27 and a beta of 1.53.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.04. FleetCor Technologies had a net margin of 25.66% and a return on equity of 20.99%. The company had revenue of $577.90 million during the quarter, compared to analyst estimates of $576.78 million. During the same quarter last year, the business posted $1.92 EPS. FleetCor Technologies’s quarterly revenue was up 19.3% compared to the same quarter last year. equities research analysts anticipate that FleetCor Technologies will post 7.76 earnings per share for the current fiscal year.
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About FleetCor Technologies
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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