FleetCor Technologies Inc. (FLT) Trading 2.3% Higher
FleetCor Technologies Inc. (NYSE:FLT)’s share price traded up 2.3% during trading 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 commented on the company. Deutsche Bank AG reiterated a “buy” rating and issued a $163.00 price objective (down previously from $180.00) on shares of FleetCor Technologies in a research note on Thursday. Zacks Investment Research downgraded FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Jefferies Group increased their target price on FleetCor Technologies from $175.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Keefe, Bruyette & Woods increased their target price on FleetCor Technologies from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th. Finally, JPMorgan Chase & Co. increased their target price on FleetCor Technologies from $159.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. FleetCor Technologies presently has an average rating of “Buy” and a consensus target price of $167.19.
The stock has a market cap of $15.52 billion and a price-to-earnings ratio of 40.19. The company’s 50-day moving average price is $159.83 and its 200-day moving average price is $148.80.
FleetCor Technologies (NYSE:FLT) last posted its earnings results on Thursday, August 4th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.02. During the same period last year, the firm posted $1.48 EPS. The company earned $417.90 million during the quarter, compared to the consensus estimate of $415.20 million. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts forecast that FleetCor Technologies Inc. will post $6.74 EPS for the current year.
In other news, insider Todd House sold 4,327 shares of the business’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $150.00, for a total transaction of $649,050.00. Following the completion of the sale, the insider now owns 11,637 shares of the company’s stock, valued at approximately $1,745,550. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Charles Richard Freund sold 21,969 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 30,663 shares of the company’s stock, valued at approximately $4,568,787. 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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