Credit Suisse Group Boosts FleetCor Technologies (FLT) Price Target to $211.00

FleetCor Technologies (NYSE:FLT) had its price objective hoisted by Credit Suisse Group from $209.00 to $211.00 in a research note released on Friday. Credit Suisse Group currently has a neutral rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the company. Citigroup lifted their price objective on FleetCor Technologies from $180.00 to $200.00 and gave the company a buy rating in a report on Thursday, November 2nd. SunTrust Banks set a $180.00 price objective on FleetCor Technologies and gave the company a buy rating in a report on Tuesday, October 24th. Zacks Investment Research raised FleetCor Technologies from a hold rating to a buy rating and set a $221.00 price objective for the company in a report on Wednesday, January 10th. Wells Fargo & Co set a $225.00 price objective on FleetCor Technologies and gave the company a buy rating in a report on Wednesday, January 10th. Finally, Deutsche Bank lifted their price objective on FleetCor Technologies from $185.00 to $225.00 and gave the company a buy rating in a report on Tuesday, December 5th. Two 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 stock. FleetCor Technologies presently has an average rating of Buy and an average target price of $209.21.

FleetCor Technologies (NYSE:FLT) traded down $4.69 during trading hours on Friday, reaching $189.92. The company had a trading volume of 1,637,377 shares, compared to its average volume of 500,635. The firm has a market cap of $17,467.02, a PE ratio of 23.95, a P/E/G ratio of 1.26 and a beta of 1.52. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.84. FleetCor Technologies has a 1-year low of $121.52 and a 1-year high of $213.74.

FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.33 by $0.09. The firm had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $605.87 million. FleetCor Technologies had a return on equity of 21.59% and a net margin of 32.90%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 EPS. equities research analysts predict that FleetCor Technologies will post 9.39 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. FNY Partners Fund LP bought a new position in shares of FleetCor Technologies in the 3rd quarter valued at $125,000. First Personal Financial Services increased its stake in shares of FleetCor Technologies by 31.4% in the 4th quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock valued at $196,000 after purchasing an additional 244 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of FleetCor Technologies in the 4th quarter valued at $216,000. Toronto Dominion Bank increased its stake in shares of FleetCor Technologies by 11.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock valued at $163,000 after purchasing an additional 113 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of FleetCor Technologies in the 4th quarter valued at $222,000. Institutional investors own 95.10% of the company’s stock.

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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.

Analyst Recommendations for FleetCor Technologies (NYSE:FLT)

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