Today: The FleetCor Technologies Inc. (FLT) Given a $200.00 Price Target by SunTrust Banks Inc. Analysts

The FleetCor Technologies Inc. (FLT) Given a $200.00 Price Target by SunTrust Banks Inc. Analysts

FleetCor Technologies Inc. (NYSE:FLT) has been assigned a $200.00 target price by equities researchers at SunTrust Banks Inc. in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. SunTrust Banks Inc.’s target price suggests a potential upside of 30.17% from the stock’s previous close.

FLT has been the subject of several other reports. JPMorgan Chase & Co. upgraded shares of FleetCor Technologies from a “neutral” rating to an “overweight” rating and set a $159.00 price objective for the company in a research note on Tuesday, July 12th. Zacks Investment Research upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research note on Monday, July 25th. Oppenheimer Holdings Inc. upgraded shares of FleetCor Technologies from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a research note on Friday, August 5th. Barclays PLC lifted their price objective on shares of FleetCor Technologies from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. Finally, Morgan Stanley set a $170.00 price objective on shares of FleetCor Technologies and gave the company a “buy” rating in a research note on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. FleetCor Technologies currently has an average rating of “Buy” and a consensus price target of $175.21.

Shares of FleetCor Technologies (NYSE:FLT) traded up 0.26% during trading on Wednesday, hitting $153.65. 414,141 shares of the company were exchanged. The firm’s 50-day moving average price is $161.35 and its 200 day moving average price is $157.38. FleetCor Technologies has a 12 month low of $107.56 and a 12 month high of $176.42. The firm has a market capitalization of $14.26 billion, a PE ratio of 35.60 and a beta of 1.40.

FleetCor Technologies (NYSE:FLT) last released its earnings results on Tuesday, November 1st. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.06. The company earned $484.40 million during the quarter, compared to analysts’ expectations of $491.45 million. FleetCor Technologies had a net margin of 23.27% and a return on equity of 18.53%. FleetCor Technologies’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business earned $1.67 EPS. On average, equities research analysts expect that FleetCor Technologies will post $6.88 earnings per share for the current fiscal year.

In other news, CEO Ronald Clarke sold 243,617 shares of the company’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $167.37, for a total transaction of $40,774,177.29. Following the completion of the sale, the chief executive officer now owns 349,283 shares of the company’s stock, valued at $58,459,495.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Todd House sold 8,000 shares of the company’s stock in a transaction on Friday, October 14th. The stock was sold at an average price of $172.26, for a total transaction of $1,378,080.00. Following 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. Insiders own 4.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC raised its stake in FleetCor Technologies by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 776 shares of the company’s stock worth $111,000 after buying an additional 15 shares during the last quarter. Telemus Capital LLC raised its stake in FleetCor Technologies by 0.5% in the second quarter. Telemus Capital LLC now owns 6,065 shares of the company’s stock worth $868,000 after buying an additional 28 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in FleetCor Technologies by 1.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 2,372 shares of the company’s stock worth $412,000 after buying an additional 32 shares during the last quarter. Advisor Group Inc. raised its stake in FleetCor Technologies by 0.8% in the third quarter. Advisor Group Inc. now owns 4,474 shares of the company’s stock worth $750,000 after buying an additional 34 shares during the last quarter. Finally, Strs Ohio raised its stake in FleetCor Technologies by 0.5% in the second quarter. Strs Ohio now owns 6,786 shares of the company’s stock worth $971,000 after buying an additional 37 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

FleetCor Technologies Company Profile

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