News articles about FleetCor Technologies (NYSE:FLT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FleetCor Technologies earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.2671135306045 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Uber Freight Partners with FLEETCOR to Bring Savings to Its Carriers and Their Drivers (finance.yahoo.com)
- Robbins Arroyo LLP is Investigating FleetCor Technologies, Inc. (FLT) – Business Wire (press release) (businesswire.com)
- FLEETCOR Recognized for Innovation, Growth, & Success (finance.yahoo.com)
- 13.47 % to Target, Morgan Stanley Maintains ‘Overweight’ Rating on Fleetcor Technologies (NYSE:FLT) Shares Today – NMSU Hеrаld (nmsuherald.com)
FLT stock traded up $0.35 during trading on Wednesday, hitting $208.64. 491,143 shares of the stock traded hands, compared to its average volume of 566,181. The stock has a market cap of $18,422.49, a PE ratio of 26.31, a P/E/G ratio of 1.30 and a beta of 1.52. FleetCor Technologies has a 12-month low of $121.52 and a 12-month high of $213.74. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.87 and a current ratio of 0.87.
FleetCor Technologies (NYSE:FLT) last issued its earnings results on Thursday, February 8th. The business services provider reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.09. The company had revenue of $610.00 million for the quarter, compared to analysts’ expectations of $605.87 million. FleetCor Technologies had a net margin of 32.90% and a return on equity of 21.15%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.90 EPS. equities research analysts forecast that FleetCor Technologies will post 9.6 EPS for the current year.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Morgan Stanley raised their price objective on shares of FleetCor Technologies from $194.00 to $232.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. SunTrust Banks set a $240.00 price objective on shares of FleetCor Technologies and gave the company a “buy” rating in a research report on Monday, February 5th. Credit Suisse Group raised their price objective on shares of FleetCor Technologies from $186.00 to $206.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Finally, Oppenheimer raised their price objective on shares of FleetCor Technologies from $194.00 to $247.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. FleetCor Technologies presently has an average rating of “Buy” and an average price target of $209.43.
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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