FleetCor Technologies (NYSE:FLT) had its price objective upped by analysts at Morgan Stanley from $194.00 to $232.00 in a research report issued on Thursday. The firm currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 11.63% from the company’s current price.

FLT has been the subject of a number of other research reports. Zacks Investment Research raised FleetCor Technologies from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a report on Wednesday, January 17th. Barclays raised their target price on FleetCor Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. SunTrust Banks set a $180.00 price target on FleetCor Technologies and gave the company a “buy” rating in a research report on Tuesday, October 24th. Deutsche Bank raised their price target on FleetCor Technologies from $185.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, Credit Suisse Group raised their price target on FleetCor Technologies from $186.00 to $206.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. 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. FleetCor Technologies has a consensus rating of “Buy” and a consensus price target of $198.36.

FleetCor Technologies (FLT) traded down $1.02 during trading on Thursday, reaching $207.83. The company’s stock had a trading volume of 317,600 shares, compared to its average volume of 544,706. FleetCor Technologies has a 12 month low of $121.52 and a 12 month high of $210.58. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $18,610.00, a P/E ratio of 35.35, a P/E/G ratio of 1.40 and a beta of 1.53.

FleetCor Technologies (NYSE:FLT) last released its earnings results on Wednesday, November 1st. The business services provider reported $2.18 EPS for the quarter, beating 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 company had revenue of $577.90 million during the quarter, compared to the consensus estimate of $576.78 million. During the same quarter last year, the company earned $1.92 earnings per share. FleetCor Technologies’s quarterly revenue was up 19.3% compared to the same quarter last year. equities analysts anticipate that FleetCor Technologies will post 7.76 EPS for the current fiscal year.

In related news, insider Kurt Patrick Adams sold 7,099 shares of FleetCor Technologies stock in a transaction dated 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 completion of the sale, the insider now owns 9,246 shares in the company, valued at approximately $1,571,820. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its position in FleetCor Technologies by 20.5% during the 4th quarter. IFP Advisors Inc now owns 2,964 shares of the business services provider’s stock worth $570,000 after purchasing an additional 504 shares in the last quarter. SG Americas Securities LLC purchased a new stake in FleetCor Technologies during the 4th quarter worth about $216,000. First American Bank purchased a new stake in FleetCor Technologies during the 4th quarter worth about $228,000. Hennessy Advisors Inc. purchased a new stake in FleetCor Technologies during the 4th quarter worth about $847,000. Finally, Strs Ohio increased its position in FleetCor Technologies by 129.1% during the 4th quarter. Strs Ohio now owns 2,719 shares of the business services provider’s stock worth $523,000 after purchasing an additional 1,532 shares in the last quarter. Hedge funds and other institutional investors own 95.17% of the company’s stock.

WARNING: This report was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://theolympiareport.com/2018/01/25/fleetcor-technologies-flt-pt-raised-to-232-00.html.

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.

Analyst Recommendations for FleetCor Technologies (NYSE:FLT)

Receive News & Ratings for FleetCor Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies and related companies with MarketBeat.com's FREE daily email newsletter.