FleetCor Technologies, Inc. (FLT) Receives Average Recommendation of “Buy” from Brokerages
FleetCor Technologies, Inc. (NYSE:FLT) has earned a consensus rating of “Buy” from the sixteen analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $207.77.
A number of analysts have recently weighed in on FLT shares. Zacks Investment Research upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $221.00 price objective on the stock in a research note on Wednesday, January 10th. Credit Suisse Group raised their price target on shares of FleetCor Technologies from $209.00 to $211.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Deutsche Bank raised their price target on shares of FleetCor Technologies from $185.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. SunTrust Banks set a $240.00 price target on shares of FleetCor Technologies and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Morgan Stanley raised their price target on shares of FleetCor Technologies from $194.00 to $232.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th.
Shares of FleetCor Technologies (NYSE:FLT) traded up $2.90 on Friday, hitting $209.40. 388,783 shares of the stock traded hands, compared to its average volume of 631,950. FleetCor Technologies has a 52-week low of $121.52 and a 52-week high of $213.74. The stock has a market cap of $18,810.00, a PE ratio of 31.97, a PEG ratio of 1.32 and a beta of 1.52. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.87 and a quick ratio of 0.87.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of FleetCor Technologies in the fourth quarter worth about $1,625,000. Xact Kapitalforvaltning AB lifted its stake in shares of FleetCor Technologies by 6.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 19,395 shares of the business services provider’s stock worth $3,732,000 after buying an additional 1,116 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of FleetCor Technologies by 32.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,503 shares of the business services provider’s stock worth $2,214,000 after buying an additional 2,833 shares in the last quarter. Tuttle Tactical Management LLC purchased a new position in shares of FleetCor Technologies in the fourth quarter worth about $1,478,000. Finally, Gotham Asset Management LLC purchased a new position in shares of FleetCor Technologies in the fourth quarter worth about $308,000. Institutional investors and hedge funds own 93.83% of the company’s stock.
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FleetCor Technologies Company Profile
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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