News stories about FleetCor Technologies (NYSE:FLT) have been trending somewhat positive on Wednesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. FleetCor Technologies earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 47.373499102735 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Equities Analysts Set Expectations for FleetCor Technologies, Inc.’s FY2019 Earnings (FLT) (americanbankingnews.com)
- Volatile Movements: NeoPhotonics Corporation, (NYSE: NPTN), FleetCor Technologies, Inc., (NYSE: FLT), Iron … – Stocks In The News (press release) (tradingnewsnow.com)
- Atalan Capital Partners, LP Buys Comcast Corp, Fleetcor Technologies Inc, Sells Equity Commonwealth … – GuruFocus.com (gurufocus.com)
- Critical Survey: FleetCor Technologies (FLT) vs. Moneygram International (MGI) (americanbankingnews.com)
- FleetCor Technologies, Inc., (NYSE: FLT), Life Storage, Inc., (NYSE: LSI), Stanley Black & Decker, Inc., (NYSE: SWK … – Stocks In The News (press release) (tradingnewsnow.com)
FLT has been the topic of several analyst reports. Zacks Investment Research lowered shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Oppenheimer Holdings, Inc. increased their price target on shares of FleetCor Technologies from $185.00 to $194.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Citigroup Inc. increased their price target on shares of FleetCor Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Morgan Stanley increased their price target on shares of FleetCor Technologies from $189.00 to $194.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Finally, Barclays PLC increased their price target on shares of FleetCor Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. FleetCor Technologies presently has a consensus rating of “Buy” and an average target price of $184.23.
FleetCor Technologies (NYSE FLT) traded down $2.20 during trading hours on Wednesday, reaching $176.48. 759,200 shares of the company were exchanged, compared to its average volume of 1,172,173. FleetCor Technologies has a 1-year low of $121.52 and a 1-year high of $183.61. 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 firm has a market cap of $16,000.00, a price-to-earnings ratio of 24.55, a PEG ratio of 1.32 and a beta of 1.50.
FleetCor Technologies (NYSE:FLT) last posted its earnings results on Wednesday, November 1st. The business services provider reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.04. FleetCor Technologies had a net margin of 25.66% and a return on equity of 20.99%. The business had revenue of $577.90 million for the quarter, compared to analyst estimates of $576.78 million. During the same period last year, the business posted $1.92 EPS. FleetCor Technologies’s revenue was up 19.3% compared to the same quarter last year. equities analysts anticipate that FleetCor Technologies will post 7.75 EPS for the current fiscal year.
FleetCor Technologies declared that its board has initiated a share repurchase plan on Thursday, August 3rd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, insider Kurt Patrick Adams sold 7,099 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $170.00, for a total value of $1,206,830.00. Following the transaction, the insider now directly owns 9,246 shares in the company, valued at approximately $1,571,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Blazye sold 8,353 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $144.00, for a total transaction of $1,202,832.00. Following the completion of the transaction, the chief executive officer now owns 24,766 shares in the company, valued at $3,566,304. The disclosure for this sale can be found here. Insiders sold a total of 17,894 shares of company stock worth $2,761,310 over the last quarter. 4.60% of the stock is currently owned by company insiders.
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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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