FleetCor Technologies, Inc. (FLT) Receives $241.80 Average Price Target from Brokerages

FleetCor Technologies, Inc. (NYSE:FLT) has earned a consensus rating of “Buy” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $241.80.

Several equities analysts recently commented on FLT shares. Mizuho reaffirmed a “neutral” rating and set a $230.00 price objective on shares of FleetCor Technologies in a research note on Wednesday, February 20th. Zacks Investment Research raised shares of FleetCor Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. BTIG Research boosted their price objective on shares of FleetCor Technologies from $253.00 to $288.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Wolfe Research cut shares of FleetCor Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, January 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $214.00 price objective on shares of FleetCor Technologies in a research note on Monday, January 7th.

A number of hedge funds have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY grew its stake in FleetCor Technologies by 0.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 17,315 shares of the business services provider’s stock worth $3,216,000 after buying an additional 54 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of FleetCor Technologies by 1.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,977 shares of the business services provider’s stock valued at $552,000 after purchasing an additional 56 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of FleetCor Technologies by 8.5% in the 4th quarter. Captrust Financial Advisors now owns 830 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 65 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of FleetCor Technologies by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,909 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 68 shares in the last quarter. Finally, BB&T Securities LLC boosted its stake in shares of FleetCor Technologies by 1.8% in the 4th quarter. BB&T Securities LLC now owns 4,063 shares of the business services provider’s stock valued at $754,000 after purchasing an additional 71 shares in the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE FLT traded up $0.25 during midday trading on Tuesday, hitting $251.42. The company’s stock had a trading volume of 413,565 shares, compared to its average volume of 458,328. FleetCor Technologies has a one year low of $172.18 and a one year high of $253.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The firm has a market cap of $21.59 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24.

FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings results on Wednesday, February 6th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.08). The business had revenue of $643.40 million during the quarter, compared to the consensus estimate of $620.45 million. FleetCor Technologies had a net margin of 33.35% and a return on equity of 25.73%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $2.42 EPS. Equities analysts expect that FleetCor Technologies will post 11.03 EPS for the current year.

FleetCor Technologies Company Profile

FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.

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Analyst Recommendations for FleetCor Technologies (NYSE:FLT)

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