FleetCor Technologies Inc. (FLT) Price Target Increased to $190.00 by Analysts at Barclays PLC
FleetCor Technologies Inc. (NYSE:FLT) had its target price increased by Barclays PLC from $170.00 to $190.00 in a research note issued to investors on Wednesday morning. They currently have an overweight rating on the stock.
A number of other equities analysts also recently issued reports on FLT. Monness Crespi & Hardt increased their price target on shares of FleetCor Technologies from $173.00 to $186.00 and gave the stock a buy rating in a research note on Monday. JPMorgan Chase & Co. reissued a hold rating on shares of FleetCor Technologies in a research note on Monday, June 6th. Deutsche Bank AG reissued a buy rating and issued a $163.00 price target (down from $180.00) on shares of FleetCor Technologies in a research note on Thursday, September 1st. Zacks Investment Research downgraded shares of FleetCor Technologies from a buy rating to a hold rating in a research note on Wednesday, August 10th. Finally, SunTrust Banks Inc. assumed coverage on shares of FleetCor Technologies in a research note on Friday, June 24th. They issued a buy rating and a $175.00 price target for the company. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. FleetCor Technologies currently has a consensus rating of Buy and an average price target of $169.25.
Shares of FleetCor Technologies (NYSE:FLT) traded up 0.46% during trading on Wednesday, hitting $171.65. The stock had a trading volume of 38,289 shares. The firm has a market cap of $15.89 billion, a PE ratio of 41.15 and a beta of 1.25. FleetCor Technologies has a 52-week low of $107.56 and a 52-week high of $172.54. The stock has a 50 day moving average of $165.22 and a 200 day moving average of $152.13.
FleetCor Technologies (NYSE:FLT) last posted 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 company earned $417.90 million during the quarter, compared to analyst estimates of $415.20 million. FleetCor Technologies had a net margin of 22.97% and a return on equity of 18.16%. FleetCor Technologies’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. On average, equities analysts anticipate that FleetCor Technologies will post $6.85 EPS for the current year.
In related news, EVP Charles Richard Freund sold 21,969 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $149.00, for a total value of $3,273,381.00. Following the sale, the executive vice president now owns 30,663 shares in the company, valued at $4,568,787. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd House sold 4,327 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The stock was 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 in the company, valued at approximately $1,745,550. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Checchi Capital Advisers LLC boosted its position in shares of FleetCor Technologies by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 776 shares of the company’s stock valued at $111,000 after buying an additional 15 shares in the last quarter. Telemus Capital LLC boosted its position in shares of FleetCor Technologies by 0.5% in the second quarter. Telemus Capital LLC now owns 6,065 shares of the company’s stock valued at $868,000 after buying an additional 28 shares in the last quarter. Strs Ohio boosted its position in shares of FleetCor Technologies by 0.5% in the second quarter. Strs Ohio now owns 6,786 shares of the company’s stock valued at $971,000 after buying an additional 37 shares in the last quarter. IBM Retirement Fund boosted its position in shares of FleetCor Technologies by 0.4% in the second quarter. IBM Retirement Fund now owns 10,855 shares of the company’s stock valued at $1,622,000 after buying an additional 39 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of FleetCor Technologies by 1.9% in the second quarter. Capstone Asset Management Co. now owns 2,172 shares of the company’s stock valued at $311,000 after buying an additional 40 shares in the last quarter. 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.
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