FleetCor Technologies (NYSE:FLT) had its target price upped by Credit Suisse Group from $186.00 to $206.00 in a research note issued to investors on Wednesday morning. The brokerage currently has a neutral rating on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Co set a $225.00 target price on FleetCor Technologies and gave the stock a buy rating in a research note on Wednesday, January 10th. Citigroup increased their target price on FleetCor Technologies from $180.00 to $200.00 and gave the stock a buy rating in a research note on Thursday, November 2nd. SunTrust Banks set a $180.00 target price on FleetCor Technologies and gave the stock a buy rating in a research note on Tuesday, October 24th. Zacks Investment Research raised FleetCor Technologies from a hold rating to a buy rating and set a $180.00 price objective on the stock in a research report on Monday, October 9th. Finally, Deutsche Bank increased their price objective on FleetCor Technologies from $185.00 to $225.00 and gave the company a buy rating in a research report on Tuesday, December 5th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $195.64.

FleetCor Technologies (NYSE FLT) traded up $3.40 during midday trading on Wednesday, hitting $206.65. The stock had a trading volume of 457,218 shares, compared to its average volume of 568,724. FleetCor Technologies has a 52-week low of $121.52 and a 52-week high of $207.03. The stock has a market capitalization of $18,510.00, a PE ratio of 35.14, a P/E/G ratio of 1.29 and a beta of 1.53. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.84.

FleetCor Technologies (NYSE:FLT) last released its earnings results on Wednesday, November 1st. The business services provider reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.04. FleetCor Technologies had a return on equity of 20.99% and a net margin of 25.66%. The firm had revenue of $577.90 million for the quarter, compared to analysts’ expectations of $576.78 million. During the same period in the prior year, the firm posted $1.92 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. equities research analysts expect that FleetCor Technologies will post 7.76 earnings per share for the current year.

In related news, insider Kurt Patrick Adams sold 7,099 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $170.00, for a total transaction of $1,206,830.00. Following the sale, the insider now directly owns 9,246 shares of the company’s stock, valued at $1,571,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in FLT. Commonwealth Bank of Australia lifted its holdings in FleetCor Technologies by 13.0% in the second quarter. Commonwealth Bank of Australia now owns 740 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 85 shares during the period. FNY Partners Fund LP bought a new position in FleetCor Technologies in the third quarter valued at about $125,000. Toronto Dominion Bank lifted its holdings in FleetCor Technologies by 11.1% in the second quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock valued at $163,000 after acquiring an additional 113 shares during the period. IBM Retirement Fund bought a new position in FleetCor Technologies in the third quarter valued at about $211,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in FleetCor Technologies in the third quarter valued at about $217,000. 95.21% of the stock is currently owned by institutional investors.

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FleetCor Technologies Company Profile

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.

Analyst Recommendations for FleetCor Technologies (NYSE:FLT)

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