FleetCor Technologies (NYSE:FLT) Earning Somewhat Favorable Media Coverage, Study Shows

Press coverage about FleetCor Technologies (NYSE:FLT) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. FleetCor Technologies earned a news impact score of 0.24 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 47.0903947295293 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

FLT has been the subject of several recent research reports. SunTrust Banks set a $180.00 target price on shares of FleetCor Technologies and gave the company a “buy” rating in a report on Tuesday, October 24th. Citigroup raised their price objective on shares of FleetCor Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Oppenheimer raised their price objective 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. Morgan Stanley raised their price objective on shares of FleetCor Technologies from $189.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Finally, Barclays raised their target price on shares of FleetCor Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, thirteen have issued 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 target price of $209.21.

FleetCor Technologies (NYSE FLT) traded up $0.85 during trading hours on Tuesday, hitting $199.45. The stock had a trading volume of 819,593 shares, compared to its average volume of 628,347. The firm has a market cap of $17,835.07, a P/E ratio of 25.15, a PEG ratio of 1.25 and a beta of 1.52. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.86. FleetCor Technologies has a fifty-two week low of $121.52 and a fifty-two week high of $213.74.

FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, February 8th. The business services provider reported $2.42 earnings per share for the quarter, beating the 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 firm had revenue of $610.00 million during the quarter, compared to the consensus estimate of $605.87 million. During the same quarter in the previous year, the company posted $1.90 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. equities analysts forecast that FleetCor Technologies will post 9.59 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Ledger Gazette and is the sole 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 law. The original version of this news story can be read at https://ledgergazette.com/2018/02/21/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-fleetcor-technologies-flt-share-price.html.

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.

Insider Buying and Selling by Quarter for FleetCor Technologies (NYSE:FLT)

Receive News & Ratings for FleetCor Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply