FleetCor Technologies, Inc. (NYSE:FLT) has received an average rating of “Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $209.21.
Several research firms have issued reports on FLT. Credit Suisse Group boosted their target price on FleetCor Technologies from $209.00 to $211.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $236.00 target price on shares of FleetCor Technologies in a research report on Thursday, February 8th. Zacks Investment Research upgraded FleetCor Technologies from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research report on Thursday, February 8th. Oppenheimer boosted their target price on FleetCor Technologies from $194.00 to $247.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Finally, SunTrust Banks set a $240.00 target price on FleetCor Technologies and gave the stock a “buy” rating in a research report on Monday, February 5th.
FleetCor Technologies (NYSE:FLT) traded up $2.24 during midday trading on Wednesday, reaching $198.60. The company’s stock had a trading volume of 693,300 shares, compared to its average volume of 622,548. 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 52 week low of $121.52 and a 52 week high of $213.74. The firm has a market cap of $17,790.00, a PE ratio of 30.27, a price-to-earnings-growth ratio of 1.25 and a beta of 1.51.
FleetCor Technologies (NYSE:FLT) last released its earnings results on Thursday, February 8th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.33 by $0.09. FleetCor Technologies had a return on equity of 21.59% and a net margin of 32.90%. The company 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 firm posted $1.90 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. research analysts predict that FleetCor Technologies will post 9.59 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gotham Asset Management LLC acquired a new stake in shares of FleetCor Technologies in the 4th quarter worth approximately $308,000. HBK Sorce Advisory LLC acquired a new stake in shares of FleetCor Technologies in the 4th quarter worth approximately $211,000. Jane Street Group LLC grew its holdings in shares of FleetCor Technologies by 112.1% in the 4th quarter. Jane Street Group LLC now owns 1,137 shares of the business services provider’s stock worth $219,000 after acquiring an additional 10,537 shares during the period. LPL Financial LLC grew its holdings in shares of FleetCor Technologies by 156.5% in the 4th quarter. LPL Financial LLC now owns 12,511 shares of the business services provider’s stock worth $2,408,000 after acquiring an additional 7,633 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of FleetCor Technologies in the 4th quarter worth approximately $156,000. Institutional investors and hedge funds own 99.13% of the company’s stock.
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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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