A number of research firms have changed their ratings and price targets for FleetCor Technologies (NYSE: FLT):

  • 8/10/2017 – FleetCor Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/9/2017 – FleetCor Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “
  • 8/8/2017 – FleetCor Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $160.00 price target on the stock. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “
  • 8/7/2017 – FleetCor Technologies was given a new $202.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “buy” rating on the stock.
  • 7/13/2017 – FleetCor Technologies had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $180.00 price target on the stock, up previously from $165.00.
  • 7/12/2017 – FleetCor Technologies had its “outperform” rating reaffirmed by analysts at William Blair.
  • 6/13/2017 – FleetCor Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

FleetCor Technologies, Inc. (NYSE FLT) opened at 138.74 on Friday. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 27.43 and a beta of 1.45. FleetCor Technologies, Inc. has a 1-year low of $121.52 and a 1-year high of $176.42. The company has a 50-day moving average of $147.11 and a 200-day moving average of $149.43.

FleetCor Technologies (NYSE:FLT) last issued its earnings results on Thursday, August 3rd. The business services provider reported $1.83 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.83. FleetCor Technologies had a net margin of 23.28% and a return on equity of 20.87%. The firm had revenue of $541.24 million during the quarter, compared to the consensus estimate of $528.33 million. During the same quarter in the prior year, the firm earned $1.56 earnings per share. The business’s quarterly revenue was up 29.5% on a year-over-year basis. Analysts predict that FleetCor Technologies, Inc. will post $8.37 earnings per share for the current year.

FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.

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