FleetCor Technologies (FLT) Price Target Increased to $225.00 by Analysts at Deutsche Bank
FleetCor Technologies (NYSE:FLT) had its price target boosted by Deutsche Bank from $185.00 to $225.00 in a report issued on Tuesday. Deutsche Bank currently has a buy rating on the business services provider’s stock.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of FleetCor Technologies from a buy rating to a hold rating in a report on Wednesday, August 9th. BidaskClub raised shares of FleetCor Technologies from a sell rating to a hold rating in a report on Thursday, August 17th. Keefe, Bruyette & Woods set a $202.00 target price on shares of FleetCor Technologies and gave the company a buy rating in a report on Monday, August 7th. Oppenheimer reaffirmed an outperform rating and set a $185.00 target price on shares of FleetCor Technologies in a report on Tuesday, September 26th. Finally, Barclays lifted their target price on shares of FleetCor Technologies from $180.00 to $200.00 and gave the company an overweight rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. FleetCor Technologies has an average rating of Buy and a consensus target price of $187.31.
FleetCor Technologies (FLT) traded up $0.27 on Tuesday, reaching $183.87. 660,000 shares of the company’s stock were exchanged, compared to its average volume of 1,144,718. FleetCor Technologies has a 12 month low of $121.52 and a 12 month high of $186.04. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.86. The stock has a market cap of $16,443.36, a price-to-earnings ratio of 24.84, a PEG ratio of 1.34 and a beta of 1.53.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.04. FleetCor Technologies had a net margin of 25.66% and a return on equity of 20.99%. The company had revenue of $577.90 million during the quarter, compared to analyst estimates of $576.78 million. During the same period last year, the firm posted $1.92 EPS. FleetCor Technologies’s revenue for the quarter was up 19.3% compared to the same quarter last year. equities research analysts anticipate that FleetCor Technologies will post 7.75 EPS for the current fiscal year.
In other FleetCor Technologies news, insider Kurt Patrick Adams sold 7,099 shares of FleetCor Technologies stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $170.00, for a total transaction of $1,206,830.00. Following the sale, the insider now owns 9,246 shares of the company’s stock, valued at approximately $1,571,820. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Aperio Group LLC boosted its position in shares of FleetCor Technologies by 0.8% during the 2nd quarter. Aperio Group LLC now owns 13,630 shares of the business services provider’s stock valued at $1,966,000 after acquiring an additional 102 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of FleetCor Technologies by 4.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 48,334 shares of the business services provider’s stock valued at $6,959,000 after acquiring an additional 1,861 shares during the last quarter. World Asset Management Inc boosted its position in shares of FleetCor Technologies by 0.9% during the 2nd quarter. World Asset Management Inc now owns 4,182 shares of the business services provider’s stock valued at $603,000 after acquiring an additional 36 shares during the last quarter. Korea Investment CORP boosted its position in shares of FleetCor Technologies by 273.0% during the 2nd quarter. Korea Investment CORP now owns 27,061 shares of the business services provider’s stock valued at $3,902,000 after acquiring an additional 19,806 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of FleetCor Technologies by 995.1% during the 2nd quarter. IFP Advisors Inc now owns 2,223 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 2,020 shares during the last quarter. 95.76% of the stock is currently owned by institutional investors.
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About FleetCor Technologies
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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