Headlines about FleetCor Technologies (NYSE:FLT) have been trending somewhat positive on Sunday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FleetCor Technologies earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.195688038077 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Fleetcor Technologies, Inc. (FLT) Tops Q4 EPS by 9c (streetinsider.com)
- FleetCor Technologies (FLT) PT Raised to $211.00 (americanbankingnews.com)
- FLEETCOR Reports Fourth Quarter and Fiscal-Year 2017 Financial Results (finance.yahoo.com)
- FleetCor Technologies beats Street 4Q forecasts (finance.yahoo.com)
- FleetCor Technologies (FLT) Receives Buy Rating from Keefe, Bruyette & Woods (americanbankingnews.com)
Several equities analysts have weighed in on the stock. Wells Fargo & Co set a $225.00 price target on shares of FleetCor Technologies and gave the company a “buy” rating in a report on Wednesday, January 10th. Zacks Investment Research downgraded shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Credit Suisse Group boosted their target price on shares of FleetCor Technologies from $209.00 to $211.00 and gave the stock a “neutral” rating in a report on Friday. Oppenheimer boosted their target price on shares of FleetCor Technologies from $185.00 to $194.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Finally, Deutsche Bank boosted their target price on shares of FleetCor Technologies from $185.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $209.21.
FleetCor Technologies (FLT) traded down $4.69 during mid-day trading on Friday, reaching $189.92. 1,640,000 shares of the company’s stock were exchanged, compared to its average volume of 598,261. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.84 and a quick ratio of 0.84. FleetCor Technologies has a fifty-two week low of $121.52 and a fifty-two week high of $213.74. The company has a market capitalization of $17,010.00, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.23 and a beta of 1.51.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.09. FleetCor Technologies had a net margin of 32.90% and a return on equity of 21.59%. The business had revenue of $610.00 million for the quarter, compared to analysts’ expectations of $605.87 million. During the same quarter in the previous year, the business posted $1.90 earnings per share. The business’s revenue was up 18.4% compared to the same quarter last year. equities research analysts forecast that FleetCor Technologies will post 9.39 earnings per share for the current fiscal year.
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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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