Media stories about Fleetcor (NYSE:FLT) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring 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 closest to one being the most favorable. Fleetcor earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.7212551620663 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s rankings:
- Stock’s Technical Analysis – FleetCor Technologies Inc (NYSE: FLT) (alphabetastock.com)
- Fleetcor (FLT) Given a $202.00 Price Target by Keefe, Bruyette & Woods Analysts (americanbankingnews.com)
- Are Discerning Investors Interested in These Shares: FleetCor Technologies, Inc. (NYSE:FLT) and Incyte Corporation … (concordiareview.com)
- Fleetcor Target of Unusually Large Options Trading (FLT) (americanbankingnews.com)
- Fleetcor (FLT) Raised to Buy at Zacks Investment Research (americanbankingnews.com)
FLT has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $236.00 target price on shares of Fleetcor in a report on Thursday, February 8th. Zacks Investment Research raised shares of Fleetcor from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a report on Thursday, February 8th. SunTrust Banks set a $240.00 target price on shares of Fleetcor and gave the stock a “buy” rating in a report on Monday, February 5th. Wells Fargo set a $225.00 target price on shares of Fleetcor and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $235.00 target price (up from $232.00) on shares of Fleetcor in a report on Wednesday, March 14th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Fleetcor presently has a consensus rating of “Buy” and an average price target of $209.14.
Shares of FLT stock traded up $0.30 during trading hours on Friday, reaching $200.98. The company had a trading volume of 345,267 shares, compared to its average volume of 381,790. Fleetcor has a one year low of $121.52 and a one year high of $213.74. The firm has a market capitalization of $18,022.84, a PE ratio of 25.51, a P/E/G ratio of 1.27 and a beta of 1.46. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.79.
Fleetcor (NYSE:FLT) last announced its quarterly 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. Fleetcor had a net margin of 32.90% and a return on equity of 21.15%. The firm had revenue of $610.00 million during the quarter, compared to analyst estimates of $605.87 million. During the same period in the previous year, the business posted $1.90 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. analysts anticipate that Fleetcor will post 9.6 earnings per share for the current year.
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