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.
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.
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