Shares of FleetCor Technologies, Inc. (NYSE:FLT) have received a consensus rating of “Buy” from the fifteen brokerages that are currently covering the stock. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $179.00.
A number of equities analysts have recently commented on FLT shares. Zacks Investment Research upgraded FleetCor Technologies from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a report on Monday, January 30th. Citigroup Inc raised their price objective on FleetCor Technologies from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Oppenheimer Holdings Inc. restated an “outperform” rating on shares of FleetCor Technologies in a report on Tuesday, December 20th. William Blair restated an “outperform” rating on shares of FleetCor Technologies in a report on Friday, February 3rd. Finally, Jefferies Group LLC set a $197.00 price objective on FleetCor Technologies and gave the stock a “buy” rating in a report on Thursday, March 16th.
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In related news, CEO David D. Maxsimic sold 1,270 shares of the firm’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $150.11, for a total transaction of $190,639.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kurt Patrick Adams sold 1,460 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $166.68, for a total value of $243,352.80. Following the sale, the insider now owns 3,077 shares in the company, valued at $512,874.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,555 shares of company stock worth $21,547,527. Company insiders own 4.30% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its stake in shares of FleetCor Technologies by 11.8% in the third quarter. BNP Paribas Arbitrage SA now owns 13,777 shares of the company’s stock valued at $2,393,000 after buying an additional 1,453 shares during the last quarter. First Mercantile Trust Co. bought a new stake in shares of FleetCor Technologies during the third quarter valued at approximately $829,000. Creative Planning increased its stake in shares of FleetCor Technologies by 28.5% in the third quarter. Creative Planning now owns 6,943 shares of the company’s stock valued at $1,206,000 after buying an additional 1,539 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of FleetCor Technologies during the third quarter valued at approximately $295,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of FleetCor Technologies by 69.0% in the third quarter. Nisa Investment Advisors LLC now owns 4,900 shares of the company’s stock valued at $851,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 93.73% of the company’s stock.
FleetCor Technologies (NYSE:FLT) opened at 156.90 on Friday. The company has a 50-day moving average price of $162.31 and a 200-day moving average price of $158.38. FleetCor Technologies has a one year low of $133.64 and a one year high of $176.42. The firm has a market capitalization of $14.42 billion, a P/E ratio of 33.03 and a beta of 1.24.
FleetCor Technologies (NYSE:FLT) last released its quarterly earnings data on Wednesday, February 8th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.03. The company had revenue of $515 million for the quarter, compared to the consensus estimate of $502.73 million. FleetCor Technologies had a return on equity of 19.67% and a net margin of 24.53%. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business posted $1.70 EPS. On average, equities research analysts anticipate that FleetCor Technologies will post $8.24 EPS for the current year.
About FleetCor Technologies
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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