FleetCor Technologies (NYSE:FLT)‘s stock had its “buy” rating restated by equities researchers at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday. They currently have a $236.00 target price on the business services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 21.27% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. Wells Fargo & Co set a $225.00 price objective on shares of FleetCor Technologies and gave the company a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a research report on Thursday. Oppenheimer increased their price objective on shares of FleetCor Technologies from $185.00 to $194.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Deutsche Bank increased their target price on FleetCor Technologies from $185.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. Finally, Barclays increased their target price on FleetCor Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. FleetCor Technologies presently has a consensus rating of “Buy” and a consensus price target of $208.86.
Shares of FleetCor Technologies (NYSE FLT) traded down $9.20 during trading hours on Thursday, reaching $194.61. 1,210,000 shares of the company’s stock traded hands, compared to its average volume of 527,252. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.84 and a quick ratio of 0.84. FleetCor Technologies has a one year low of $121.52 and a one year high of $213.74. The firm has a market capitalization of $17,430.00, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 1.31 and a beta of 1.51.
Institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Partners Fund LP bought a new position in FleetCor Technologies during the third quarter worth $125,000. First Personal Financial Services lifted its stake in FleetCor Technologies by 31.4% during the fourth quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock worth $196,000 after purchasing an additional 244 shares during the last quarter. SG Americas Securities LLC bought a new position in FleetCor Technologies during the fourth quarter worth $216,000. Toronto Dominion Bank lifted its stake in FleetCor Technologies by 11.1% during the second quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock worth $163,000 after purchasing an additional 113 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new position in FleetCor Technologies during the fourth quarter worth $222,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.
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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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