Today, FleetCor Technologies’ (FLT) “Buy” Rating Reiterate at Jefferies Group

Today, FleetCor Technologies’ (FLT) “Buy” Rating Reiterate at Jefferies Group

Jefferies Group reiterated their buy rating on shares of FleetCor Technologies Inc. (NYSE:FLT) in a research report released on Wednesday morning. The firm currently has a $197.00 target price on the stock, up from their previous target price of $193.00.

FLT has been the subject of a number of other research reports. William Blair assumed coverage on FleetCor Technologies in a research note on Thursday, October 13th. They issued an outperform rating for the company. Zacks Investment Research cut FleetCor Technologies from a buy rating to a hold rating in a research note on Monday, November 7th. Deutsche Bank AG raised their target price on FleetCor Technologies from $161.00 to $163.00 and gave the company a buy rating in a research note on Friday, August 5th. Barclays PLC raised their target price on FleetCor Technologies from $160.00 to $170.00 and gave the company an overweight rating in a research note on Friday, August 5th. Finally, SunTrust Banks Inc. set a $200.00 target price on FleetCor Technologies and gave the company a buy rating in a research note on Wednesday, November 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $175.21.

FleetCor Technologies (NYSE:FLT) opened at 149.75 on Wednesday. The firm has a 50-day moving average price of $160.70 and a 200-day moving average price of $157.45. FleetCor Technologies has a 52 week low of $107.56 and a 52 week high of $176.42. The company has a market cap of $13.90 billion, a P/E ratio of 34.70 and a beta of 1.40.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.06. The firm had revenue of $484.40 million for the quarter, compared to analyst estimates of $491.45 million. FleetCor Technologies had a return on equity of 18.53% and a net margin of 23.27%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $1.67 EPS. Equities research analysts anticipate that FleetCor Technologies will post $6.88 EPS for the current fiscal year.

In related news, 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 value of $202,476.00. Following the completion of the sale, the director now owns 3,224 shares of the company’s stock, valued at $543,985.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd House sold 8,000 shares of FleetCor Technologies stock in a transaction on Friday, October 14th. The stock was sold at an average price of $172.26, for a total value of $1,378,080.00. Following the completion of the sale, the insider now directly owns 19,637 shares of the company’s stock, valued at approximately $3,382,669.62. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of FLT. Checchi Capital Advisers LLC raised its stake 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 during the last quarter. Telemus Capital LLC raised its stake in shares of FleetCor Technologies by 0.5% in the second quarter. Telemus Capital LLC now owns 6,065 shares of the company’s stock valued at $868,000 after buying an additional 28 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of FleetCor Technologies by 1.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 2,372 shares of the company’s stock valued at $412,000 after buying an additional 32 shares during the last quarter. Advisor Group Inc. raised its stake in shares of FleetCor Technologies by 0.8% in the third quarter. Advisor Group Inc. now owns 4,474 shares of the company’s stock valued at $750,000 after buying an additional 34 shares during the last quarter. Finally, Strs Ohio raised its stake in shares of FleetCor Technologies by 0.5% in the second quarter. Strs Ohio now owns 6,786 shares of the company’s stock valued at $971,000 after buying an additional 37 shares during the last quarter. 93.42% of the stock is owned by institutional investors.

FleetCor Technologies Company Profile

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