BTIG Research reiterated their buy rating on shares of FleetCor Technologies (NYSE:FLT) in a report released on Monday, The Fly reports. The firm currently has a $340.00 price target on the business services provider’s stock.

Several other research firms also recently issued reports on FLT. Citigroup set a $68.00 price objective on shares of Colgate-Palmolive and gave the stock a hold rating in a research note on Tuesday, March 19th. SunTrust Banks increased their target price on shares of Camden Property Trust to $108.00 and gave the stock a buy rating in a report on Thursday, June 13th. Jefferies Financial Group set a $250.00 price objective on shares of FleetCor Technologies and gave the stock a hold rating in a report on Tuesday, April 23rd. Bank of America reaffirmed a buy rating and issued a $25.00 price objective on shares of Infineon Technologies in a report on Monday, June 3rd. Finally, GMP Securities reiterated an average rating and issued a $4.00 target price on shares of FleetCor Technologies in a research report on Wednesday, June 5th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. FleetCor Technologies currently has an average rating of Buy and an average price target of $260.14.

FleetCor Technologies stock traded up $1.10 during mid-day trading on Monday, reaching $293.39. 283,696 shares of the company’s stock were exchanged, compared to its average volume of 600,666. The firm has a market capitalization of $25.15 billion, a P/E ratio of 29.55, a P/E/G ratio of 1.71 and a beta of 1.16. FleetCor Technologies has a twelve month low of $172.18 and a twelve month high of $296.79. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. The stock’s fifty day simple moving average is $272.77.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Tuesday, May 7th. The business services provider reported $2.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.10. The company had revenue of $621.80 million for the quarter, compared to the consensus estimate of $608.40 million. FleetCor Technologies had a net margin of 32.74% and a return on equity of 26.56%. FleetCor Technologies’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $2.50 EPS. Equities research analysts forecast that FleetCor Technologies will post 11.12 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Retirement Systems of Alabama raised its position in FleetCor Technologies by 0.5% in the second quarter. Retirement Systems of Alabama now owns 40,196 shares of the business services provider’s stock valued at $11,289,000 after purchasing an additional 216 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in FleetCor Technologies by 2.3% in the second quarter. Crossmark Global Holdings Inc. now owns 5,949 shares of the business services provider’s stock valued at $1,671,000 after acquiring an additional 135 shares during the period. WINTON GROUP Ltd purchased a new position in shares of FleetCor Technologies during the second quarter valued at approximately $27,835,000. Horizon Investments LLC purchased a new position in shares of FleetCor Technologies during the first quarter valued at approximately $253,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of FleetCor Technologies during the first quarter valued at approximately $1,012,000. Institutional investors own 93.69% of the company’s stock.

About FleetCor Technologies

FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.

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The Fly

Analyst Recommendations for FleetCor Technologies (NYSE:FLT)

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