Press coverage about FleetCor Technologies (NYSE:FLT) has trended somewhat positive on Friday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FleetCor Technologies earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 46.195688038077 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Leaders Like Red Hat, FleetCor Rev Up This Columbia Mutual Fund – Investor’s Business Daily (investors.com)
- Crescent Park Management LP Has Upped Fleetcor Technologies (FLT) Stake; University Of Notre Dame Du Lac … – Hill Country Times (hillcountrytimes.com)
- FLEETCOR Names Head of Investor Relations (finance.yahoo.com)
- Credit Suisse Group Increases FleetCor Technologies (FLT) Price Target to $206.00 (americanbankingnews.com)
- Zacks: Brokerages Anticipate FleetCor Technologies, Inc. (FLT) Will Post Quarterly Sales of $598.57 Million (americanbankingnews.com)
FLT has been the subject of a number of analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $185.00 price objective on shares of FleetCor Technologies in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Monday, October 9th. Morgan Stanley upped their price objective on shares of FleetCor Technologies from $184.00 to $189.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. SunTrust Banks set a $180.00 price objective on shares of FleetCor Technologies and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, Citigroup upped their price objective on shares of FleetCor Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two investment analysts have 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. FleetCor Technologies presently has an average rating of “Buy” and an average price target of $195.64.
FleetCor Technologies (FLT) traded up $3.40 on Friday, hitting $206.65. 457,218 shares of the company traded hands, compared to its average volume of 575,485. FleetCor Technologies has a 52-week low of $121.52 and a 52-week high of $207.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $18,510.00, a P/E ratio of 35.14, a PEG ratio of 1.27 and a beta of 1.53.
FleetCor Technologies (NYSE:FLT) last released its quarterly earnings results on Wednesday, November 1st. The business services provider reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.04. FleetCor Technologies had a net margin of 25.66% and a return on equity of 20.99%. The firm had revenue of $577.90 million during the quarter, compared to the consensus estimate of $576.78 million. During the same quarter in the prior year, the firm earned $1.92 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. sell-side analysts expect that FleetCor Technologies will post 7.76 earnings per share for the current year.
In related news, insider Kurt Patrick Adams sold 7,099 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $170.00, for a total transaction of $1,206,830.00. Following the completion of the transaction, the insider now owns 9,246 shares in the company, valued at approximately $1,571,820. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.60% of the stock is owned by corporate insiders.
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.
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