FleetCor Technologies (FLT) Receives Buy Rating from Keefe, Bruyette & Woods

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.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.08. FleetCor Technologies had a net margin of 25.66% and a return on equity of 20.99%. The company had revenue of $610.00 million during the quarter, compared to the consensus estimate of $605.87 million. During the same quarter last year, the company earned $1.90 earnings per share. FleetCor Technologies’s revenue for the quarter was up 18.4% on a year-over-year basis. equities research analysts anticipate that FleetCor Technologies will post 7.76 EPS for the current year.

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.

Analyst Recommendations for FleetCor Technologies (NYSE:FLT)

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