FleetCor Technologies (FLT) – Investment Analysts’ Recent Ratings Updates

FleetCor Technologies (NYSE: FLT) recently received a number of ratings updates from brokerages and research firms:

  • 2/9/2018 – FleetCor Technologies had its price target raised by analysts at Credit Suisse Group AG from $209.00 to $211.00. They now have a “neutral” rating on the stock.
  • 2/8/2018 – FleetCor Technologies had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $236.00 price target on the stock.
  • 2/8/2018 – FleetCor Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $228.00 price target on the stock. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “
  • 2/5/2018 – FleetCor Technologies had its price target raised by analysts at Oppenheimer Holdings Inc. from $194.00 to $247.00. They now have an “outperform” rating on the stock.
  • 2/5/2018 – FleetCor Technologies was given a new $240.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “buy” rating on the stock.
  • 1/30/2018 – FleetCor Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “
  • 1/25/2018 – FleetCor Technologies had its price target raised by analysts at Morgan Stanley from $194.00 to $232.00. They now have an “overweight” rating on the stock.
  • 1/17/2018 – FleetCor Technologies had its price target raised by analysts at Credit Suisse Group AG from $186.00 to $206.00. They now have a “neutral” rating on the stock.
  • 1/17/2018 – FleetCor Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $228.00 price target on the stock. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “
  • 1/16/2018 – FleetCor Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “
  • 1/10/2018 – FleetCor Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $221.00 price target on the stock. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “
  • 1/10/2018 – FleetCor Technologies was given a new $225.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 1/9/2018 – FleetCor Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “
  • 1/3/2018 – FleetCor Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $216.00 price target on the stock. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “

Shares of FleetCor Technologies, Inc. (FLT) traded up $1.08 on Monday, reaching $191.00. 306,471 shares of the company’s stock were exchanged, compared to its average volume of 595,014. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $17,090.00, a PE ratio of 24.09, a P/E/G ratio of 1.23 and a beta of 1.51. FleetCor Technologies, Inc. has a twelve month low of $121.52 and a twelve month high of $213.74.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $2.42 EPS for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.09. The business had revenue of $610.00 million for the quarter, compared to analysts’ expectations of $605.87 million. FleetCor Technologies had a net margin of 32.90% and a return on equity of 21.59%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.90 earnings per share. research analysts forecast that FleetCor Technologies, Inc. will post 9.39 EPS for the current fiscal year.

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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