FleetCor Technologies (FLT) Reaches New 1-Year High at $252.66

FleetCor Technologies, Inc. (NYSE:FLT) shares reached a new 52-week high during trading on Monday . The stock traded as high as $252.66 and last traded at $250.95, with a volume of 7253 shares changing hands. The stock had previously closed at $251.38.

Several research analysts have recently commented on the stock. BTIG Research lifted their price target on shares of FleetCor Technologies from $253.00 to $288.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $279.00 price target for the company in a report on Tuesday, April 2nd. ValuEngine raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Mizuho reissued a “neutral” rating and set a $230.00 target price on shares of FleetCor Technologies in a research note on Wednesday, February 20th. Finally, Deutsche Bank reduced their target price on shares of FleetCor Technologies to $212.00 and set a “buy” rating for the company in a research note on Tuesday, December 18th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $245.18.

The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $21.60 billion, a PE ratio of 25.39, a PEG ratio of 1.38 and a beta of 1.24.

FleetCor Technologies (NYSE:FLT) last posted its earnings results on Wednesday, February 6th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.08). The firm had revenue of $643.40 million for the quarter, compared to analyst estimates of $620.45 million. FleetCor Technologies had a net margin of 33.35% and a return on equity of 25.73%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.42 earnings per share. As a group, research analysts anticipate that FleetCor Technologies, Inc. will post 11.01 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co. NY lifted its stake in shares of FleetCor Technologies by 0.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 17,315 shares of the business services provider’s stock worth $3,216,000 after acquiring an additional 54 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of FleetCor Technologies by 1.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,977 shares of the business services provider’s stock worth $552,000 after acquiring an additional 56 shares during the period. Captrust Financial Advisors lifted its stake in shares of FleetCor Technologies by 8.5% in the 4th quarter. Captrust Financial Advisors now owns 830 shares of the business services provider’s stock worth $154,000 after acquiring an additional 65 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of FleetCor Technologies by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,909 shares of the business services provider’s stock worth $726,000 after acquiring an additional 68 shares during the period. Finally, BB&T Securities LLC lifted its stake in shares of FleetCor Technologies by 1.8% in the 4th quarter. BB&T Securities LLC now owns 4,063 shares of the business services provider’s stock worth $754,000 after acquiring an additional 71 shares during the period. 95.59% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.com-unik.info/2019/04/17/fleetcor-technologies-flt-reaches-new-1-year-high-at-252-66.html.

About FleetCor Technologies (NYSE:FLT)

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.

Featured Story: What are gap-up stocks?

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit