Today, Brokerages Set FleetCor Technologies Inc. (FLT) PT at $171.00

Today, Brokerages Set FleetCor Technologies Inc. (FLT) PT at $171.00

FleetCor Technologies Inc. (NYSE:FLT) has been assigned a consensus rating of “Buy” from the seventeen research firms that are currently covering the firm. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $171.00.

A number of brokerages have weighed in on FLT. Jefferies Group reaffirmed a “buy” rating and set a $186.00 target price on shares of FleetCor Technologies in a research note on Thursday, September 29th. Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “strong-buy” rating and set a $197.00 target price for the company in a research note on Tuesday, October 4th. William Blair began coverage on shares of FleetCor Technologies in a research note on Thursday. They set an “outperform” rating for the company. Barclays PLC raised their target price on shares of FleetCor Technologies from $170.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, September 21st. Finally, Monness Crespi & Hardt raised their target price on shares of FleetCor Technologies from $173.00 to $186.00 and gave the company a “buy” rating in a research note on Monday, September 19th.

FleetCor Technologies (NYSE:FLT) opened at 171.40 on Wednesday. The company has a 50-day moving average price of $168.92 and a 200 day moving average price of $155.63. The stock has a market cap of $15.86 billion, a P/E ratio of 41.09 and a beta of 1.24. FleetCor Technologies has a 1-year low of $107.56 and a 1-year high of $174.96.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.02. FleetCor Technologies had a net margin of 22.97% and a return on equity of 18.16%. The business earned $417.90 million during the quarter, compared to analyst estimates of $415.20 million. During the same period last year, the business posted $1.48 earnings per share. FleetCor Technologies’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts expect that FleetCor Technologies will post $6.86 earnings per share for the current fiscal year.

In other news, insider Todd House sold 8,143 shares of FleetCor Technologies stock in a transaction on Monday, August 15th. The shares were sold at an average price of $165.85, for a total transaction of $1,350,516.55. Following the transaction, the insider now owns 19,780 shares in the company, valued at approximately $3,280,513. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph W. Farrelly sold 1,200 shares of FleetCor Technologies stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $168.73, for a total transaction of $202,476.00. Following the transaction, the director now owns 3,224 shares in the company, valued at approximately $543,985.52. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Checchi Capital Advisers LLC boosted its position in shares of FleetCor Technologies by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 776 shares of the company’s stock valued at $111,000 after buying an additional 15 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of FleetCor Technologies by 10.4% in the second quarter. Pacer Advisors Inc. now owns 814 shares of the company’s stock valued at $117,000 after buying an additional 77 shares in the last quarter. Invictus RG acquired a new position in shares of FleetCor Technologies during the second quarter valued at $125,000. Parametric Risk Advisors LLC acquired a new position in shares of FleetCor Technologies during the first quarter valued at $142,000. Finally, Advisory Services Network LLC boosted its position in shares of FleetCor Technologies by 144.1% in the second quarter. Advisory Services Network LLC now owns 1,084 shares of the company’s stock valued at $155,000 after buying an additional 640 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

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