News headlines about FleetCor Technologies (NYSE:FLT) have trended positive this week, Alpha One reports. The research firm, a subsidiary of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FleetCor Technologies earned a daily sentiment score of 0.36 on Alpha One’s scale. Alpha One also assigned news headlines about the business services provider an impact score of 64 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected AlphaOne’s scoring:
- FleetCor Technologies : to Present at the J.P. Morgan 45th Annual Technology, Media and Telecom Conference (4-traders.com)
- FLEETCOR to Present at the J.P. Morgan 45th Annual Technology, Media and Telecom Conference (finance.yahoo.com)
- The Ameriprise Financial Inc. Purchases 8252 Shares of FleetCor Technologies, Inc. (FLT) – BangaloreWeekly (bangaloreweekly.com)
- The FleetCor Technologies (FLT) – Analysts’ Recent Ratings Updates – BangaloreWeekly (bangaloreweekly.com)
- Checking the Numbers on FleetCor Technologies, Inc. (NYSE:FLT) – Business Daily (oxfordbusinessdaily.com)
A number of brokerages have recently commented on FLT. Citigroup Inc upgraded FleetCor Technologies from an “outperform” rating to a “strong-buy” rating and set a $180.00 target price on the stock in a research note on Tuesday, May 2nd. Jefferies Group LLC restated a “buy” rating and issued a $197.00 target price on shares of FleetCor Technologies in a research note on Tuesday, April 4th. Deutsche Bank AG restated a “buy” rating and issued a $185.00 target price on shares of FleetCor Technologies in a research note on Monday, April 24th. Wells Fargo & Co set a $175.00 target price on FleetCor Technologies and gave the stock a “buy” rating in a research note on Wednesday, April 5th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $185.00 price target on shares of FleetCor Technologies in a report on Wednesday, March 8th. 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 company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $177.07.
Shares of FleetCor Technologies (NYSE:FLT) traded up 1.78% during trading on Friday, hitting $135.78. The company’s stock had a trading volume of 731,033 shares. The stock has a market cap of $12.53 billion, a PE ratio of 27.77 and a beta of 1.24. The company has a 50-day moving average price of $142.39 and a 200-day moving average price of $150.85. FleetCor Technologies has a one year low of $121.52 and a one year high of $176.42.
FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings results on Monday, May 1st. The business services provider reported $1.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.09. The business had revenue of $520.43 million for the quarter, compared to analyst estimates of $514.56 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 25.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.53 EPS. Equities analysts predict that FleetCor Technologies will post $8.34 EPS for the current fiscal year.
In other news, VP John Coughlin sold 13,250 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $165.78, for a total transaction of $2,196,585.00. Following the sale, the vice president now owns 8,775 shares of the company’s stock, valued at approximately $1,454,719.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexey Gavrilenya purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were purchased at an average cost of $138.50 per share, for a total transaction of $692,500.00. Following the purchase, the insider now directly owns 5,000 shares in the company, valued at $692,500. The disclosure for this purchase can be found here. In the last three months, insiders have bought 8,850 shares of company stock worth $1,208,985 and have sold 130,825 shares worth $21,113,534. 4.30% of the stock is owned by insiders.
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.
Receive News & Ratings for FleetCor Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.