FleetCor Technologies (NYSE:FLT) Receives Daily Media Sentiment Score of 0.05
Press coverage about FleetCor Technologies (NYSE:FLT) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FleetCor Technologies earned a news impact score of 0.05 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 67 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- DEADLINE ALERT: Brower Piven Reminds Investors Of Upcoming Deadline And Encourages Shareholders Who Have Losses In Excess Of $100,000 From Investment In FleetCor Technologies, Inc. (NYSE: FLT) To Contact The Firm (feeds.benzinga.com)
- Daiwa Securities Group Inc. Boosts Stake in FleetCor Technologies, Inc. (FLT) (naijaoversabi.com)
- FleetCor Technologies (FLT) Earning Somewhat Favorable Media Coverage, Report Finds (lazeresportes.com)
- FleetCor Technologies, Inc. (NYSE:FLT) Experiences Heavier than Usual Trading Volume (elcumanes.com)
- FleetCor Technologies, Inc. breached its 50 day moving average in a Bearish Manner : FLT-US : August 7, 2017 (finance.yahoo.com)
FleetCor Technologies (FLT) traded down 1.93% on Monday, reaching $142.46. 1,528,975 shares of the company’s stock were exchanged. FleetCor Technologies has a one year low of $121.52 and a one year high of $176.42. The firm has a market cap of $13.14 billion, a PE ratio of 29.14 and a beta of 1.45. The firm has a 50 day moving average price of $146.81 and a 200 day moving average price of $149.68.
FleetCor Technologies (NYSE:FLT) last issued its earnings results on Thursday, August 3rd. The business services provider reported $1.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.83. The business had revenue of $541.24 million during the quarter, compared to analysts’ expectations of $528.33 million. FleetCor Technologies had a return on equity of 21.20% and a net margin of 23.28%. FleetCor Technologies’s revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 earnings per share. On average, equities analysts anticipate that FleetCor Technologies will post $8.34 earnings per share for the current year.
FleetCor Technologies announced that its board has initiated a share repurchase plan on Thursday, August 3rd that permits the company to buyback $250.00 million in shares. This buyback authorization permits the business services provider to reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
A number of analysts have recently issued reports on FLT shares. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of FleetCor Technologies in a report on Wednesday, May 3rd. Compass Point raised shares of FleetCor Technologies from a “neutral” rating to a “buy” rating and set a $170.00 price objective on the stock in a report on Wednesday, May 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $197.00 price objective on shares of FleetCor Technologies in a report on Tuesday, May 2nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $185.00 price target on shares of FleetCor Technologies in a report on Monday, April 24th. Finally, Citigroup Inc. set a $165.00 price target on shares of FleetCor Technologies and gave the company a “buy” rating in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $181.29.
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In other news, insider Alexey Gavrilenya acquired 5,000 shares of FleetCor Technologies stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average price of $138.50 per share, with a total value of $692,500.00. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at $692,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey Steven Sloan acquired 2,000 shares of FleetCor Technologies stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average cost of $134.43 per share, with a total value of $268,860.00. Following the transaction, the director now owns 9,991 shares of the company’s stock, valued at approximately $1,343,090.13. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 7,750 shares of company stock valued at $1,061,440. Insiders own 4.60% of the company’s stock.
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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