FleetCor Technologies Inc. (NYSE:FLT) had its price objective boosted by research analysts at Monness Crespi & Hardt from $173.00 to $186.00 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Monness Crespi & Hardt’s price target points to a potential upside of 10.95% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Jefferies Group lifted their target price on shares of FleetCor Technologies from $175.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Morgan Stanley set a $170.00 target price on shares of FleetCor Technologies and gave the company a “buy” rating in a research report on Friday, August 5th. Deutsche Bank AG lifted their target price on shares of FleetCor Technologies from $161.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Monday, July 25th. Finally, SunTrust Banks Inc. initiated coverage on shares of FleetCor Technologies in a research note on Friday, June 24th. They set a “buy” rating and a $175.00 price target on the stock. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $168.00.

Analyst Recommendations for FleetCor Technologies (NYSE:FLT)

Shares of FleetCor Technologies (NYSE:FLT) opened at 167.65 on Monday. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 40.19 and a beta of 1.25. FleetCor Technologies has a 1-year low of $107.56 and a 1-year high of $170.24. The stock has a 50 day moving average of $164.64 and a 200-day moving average of $152.00.

FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, August 4th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.02. FleetCor Technologies had a net margin of 22.97% and a return on equity of 18.16%. The business earned $417.90 million during the quarter, compared to analyst estimates of $415.20 million. During the same period in the previous year, the business posted $1.48 earnings per share. FleetCor Technologies’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts forecast that FleetCor Technologies will post $6.85 earnings per share for the current year.

In other news, insider Todd House sold 8,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,304,000.00. Following the sale, the insider now owns 19,637 shares in the company, valued at approximately $3,200,831. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ronald Clarke sold 243,617 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $167.37, for a total transaction of $40,774,177.29. Following the sale, the chief executive officer now owns 349,283 shares in the company, valued at approximately $58,459,495.71. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in shares of FleetCor Technologies by 5.2% in the second quarter. Public Employees Retirement System of Ohio now owns 35,579 shares of the company’s stock worth $5,092,000 after buying an additional 1,753 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of FleetCor Technologies by 5.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 120,409 shares of the company’s stock worth $17,235,000 after buying an additional 6,310 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of FleetCor Technologies by 11.8% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,327 shares of the company’s stock worth $3,911,000 after buying an additional 2,877 shares during the period. Amalgamated Bank boosted its stake in shares of FleetCor Technologies by 119.3% in the second quarter. Amalgamated Bank now owns 6,661 shares of the company’s stock worth $1,097,000 after buying an additional 3,624 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of FleetCor Technologies by 2.5% in the second quarter. Legal & General Group Plc now owns 296,553 shares of the company’s stock worth $42,446,000 after buying an additional 7,297 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

FleetCor Technologies Company Profile

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.

5 Day Chart for NYSE:FLT

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