FleetCor Technologies (FLT) Receiving Somewhat Positive News Coverage, Accern Reports

Headlines about FleetCor Technologies (NYSE:FLT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FleetCor Technologies earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 46.0923040707027 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern’s analysis:

Shares of FleetCor Technologies (NYSE FLT) traded up $0.61 during trading hours on Wednesday, reaching $184.48. The company’s stock had a trading volume of 709,147 shares, compared to its average volume of 1,142,865. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.86. FleetCor Technologies has a fifty-two week low of $121.52 and a fifty-two week high of $186.04. The company has a market cap of $16,443.36, a PE ratio of 24.84, a PEG ratio of 1.34 and a beta of 1.53.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Wednesday, November 1st. The business services provider reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.04. The business had revenue of $577.90 million for the quarter, compared to analysts’ expectations of $576.78 million. FleetCor Technologies had a return on equity of 20.99% and a net margin of 25.66%. The business’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the business earned $1.92 EPS. equities research analysts forecast that FleetCor Technologies will post 7.75 earnings per share for the current year.

A number of equities analysts recently issued reports on the company. BidaskClub cut FleetCor Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Oppenheimer restated an “outperform” rating and set a $185.00 price objective on shares of FleetCor Technologies in a research note on Tuesday, September 26th. Zacks Investment Research upgraded FleetCor Technologies from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Tuesday, August 8th. Deutsche Bank raised their price objective on FleetCor Technologies from $185.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Citigroup raised their price objective on FleetCor Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $187.31.

In other news, insider Kurt Patrick Adams sold 7,099 shares of FleetCor Technologies stock in a transaction on 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 sale, the insider now directly owns 9,246 shares in the company, valued at approximately $1,571,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.60% of the company’s stock.

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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.

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