Headlines about FleetCor Technologies (NYSE:FLT) have been trending positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. FleetCor Technologies earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.3137003824274 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- FleetCor Technologies, Inc. (FLT) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Critical Analysis: FleetCor Technologies (FLT) and Its Competitors (americanbankingnews.com)
- FleetCor Technologies, Inc. (NYSE:FLT) Experiences Lighter than Usual Trading Volume – First News 24 (firstnewspaper24.com)
- Head to Head Review: Planet Payment (PLPM) & FleetCor Technologies (FLT) (americanbankingnews.com)
- Head-To-Head Contrast: First Data Corporation (FDC) versus FleetCor Technologies (FLT) (americanbankingnews.com)
FLT has been the topic of several research analyst reports. BidaskClub cut shares of FleetCor Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. William Blair restated an “outperform” rating on shares of FleetCor Technologies in a research note on Wednesday, July 12th. Citigroup Inc. restated a “buy” rating and set a $180.00 target price (up previously from $165.00) on shares of FleetCor Technologies in a research note on Thursday, July 13th. Keefe, Bruyette & Woods set a $202.00 target price on shares of FleetCor Technologies and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $181.33.
FleetCor Technologies (NYSE FLT) opened at 162.16 on Tuesday. FleetCor Technologies has a 52 week low of $121.52 and a 52 week high of $176.42. The company has a market cap of $14.90 billion, a PE ratio of 32.06 and a beta of 1.44. The stock has a 50 day moving average of $148.70 and a 200 day moving average of $145.77.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.83. FleetCor Technologies had a return on equity of 20.87% and a net margin of 23.28%. The business had revenue of $541.24 million for the quarter, compared to analyst estimates of $528.33 million. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The company’s revenue was up 29.5% on a year-over-year basis. Equities research analysts predict that FleetCor Technologies will post $8.38 EPS for the current fiscal year.
FleetCor Technologies announced that its board has approved a share buyback program on Thursday, August 3rd that permits the company to buyback $250.00 million in shares. This buyback authorization permits the business services provider to buy up to 1.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
In related news, CEO Andrew Blazye sold 2,442 shares of FleetCor Technologies stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $144.00, for a total transaction of $351,648.00. Following the completion of the sale, the chief executive officer now owns 24,766 shares of the company’s stock, valued at $3,566,304. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 15,758 shares of company stock valued at $2,274,115 in the last ninety days. Corporate insiders own 4.60% of the company’s stock.
WARNING: “FleetCor Technologies (FLT) Receiving Positive Media Coverage, Study Shows” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://ledgergazette.com/2017/10/10/fleetcor-technologies-flt-receiving-positive-media-coverage-study-shows.html.
FleetCor Technologies Company Profile
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.
Receive News & Ratings for FleetCor Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.