FleetCor Technologies Inc. (FLT) Trading Up 2.3%
FleetCor Technologies Inc. (NYSE:FLT)’s share price was up 2.3% on Thursday . The stock traded as high as $168.47 and last traded at $167.90, with a volume of 821,266 shares changing hands. The stock had previously closed at $164.20.
Several equities analysts recently weighed in on FLT shares. JPMorgan Chase & Co. restated a “hold” rating on shares of FleetCor Technologies in a report on Monday, June 6th. Zacks Investment Research lowered shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. SunTrust Banks Inc. started coverage on shares of FleetCor Technologies in a research note on Friday, June 24th. They issued a “buy” rating and a $175.00 target price for the company. Deutsche Bank AG upped their target price on shares of FleetCor Technologies from $161.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, Keefe, Bruyette & Woods upped their target price on shares of FleetCor Technologies from $180.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $167.19.
The stock has a 50 day moving average price of $159.11 and a 200-day moving average price of $148.53. The company has a market capitalization of $15.52 billion and a P/E ratio of 40.20.
FleetCor Technologies (NYSE:FLT) last released its earnings results on Thursday, August 4th. The company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.02. The firm had revenue of $417.90 million for the quarter, compared to analyst estimates of $415.20 million. During the same period in the prior year, the firm earned $1.48 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that FleetCor Technologies Inc. will post $6.74 earnings per share for the current year.
In other news, EVP Charles Richard Freund sold 21,969 shares of the business’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $149.00, for a total transaction of $3,273,381.00. Following the transaction, the executive vice president now owns 30,663 shares in the company, valued at approximately $4,568,787. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Todd House sold 8,143 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $165.85, for a total transaction of $1,350,516.55. Following the transaction, the insider now owns 19,780 shares in the company, valued at approximately $3,280,513. The disclosure for this sale can be found here.
FleetCor Technologies, Inc is an independent global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand.
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