FleetCor Technologies (NYSE:FLT) had its price objective lifted by Cfra from $310.00 to $325.00 in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. Cfra currently has a hold rating on the business services provider’s stock.

Several other research analysts have also commented on the company. Evercore ISI reaffirmed a buy rating and set a $331.00 price target on shares of FleetCor Technologies in a research report on Friday, February 7th. Jefferies Financial Group cut their price target on FleetCor Technologies from $290.00 to $270.00 in a research report on Thursday, December 26th. ValuEngine lowered FleetCor Technologies from a hold rating to a sell rating in a report on Friday, January 3rd. Citigroup boosted their target price on FleetCor Technologies from $340.00 to $360.00 and gave the company a buy rating in a report on Wednesday, January 22nd. Finally, Robert W. Baird boosted their target price on FleetCor Technologies from $322.00 to $358.00 and gave the company a neutral rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $304.33.

FLT traded up $1.08 during trading on Monday, hitting $318.66. 35,144 shares of the stock were exchanged, compared to its average volume of 874,564. The firm has a market capitalization of $27.56 billion, a P/E ratio of 32.12, a PEG ratio of 1.55 and a beta of 1.05. FleetCor Technologies has a 1-year low of $218.22 and a 1-year high of $329.85. The stock has a fifty day moving average price of $305.77 and a two-hundred day moving average price of $296.85. The company has a quick ratio of 1.12, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.

FleetCor Technologies (NYSE:FLT) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $3.17 EPS for the quarter, topping the consensus estimate of $3.13 by $0.04. The company had revenue of $698.90 million for the quarter, compared to analyst estimates of $705.49 million. FleetCor Technologies had a return on equity of 27.07% and a net margin of 33.79%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.78 earnings per share. Analysts predict that FleetCor Technologies will post 12.92 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of FleetCor Technologies by 4.6% in the second quarter. BlackRock Inc. now owns 7,346,739 shares of the business services provider’s stock valued at $2,063,332,000 after buying an additional 321,775 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of FleetCor Technologies by 10.9% in the fourth quarter. Jennison Associates LLC now owns 4,386,261 shares of the business services provider’s stock valued at $1,262,015,000 after buying an additional 431,872 shares in the last quarter. State Street Corp boosted its stake in shares of FleetCor Technologies by 1.5% in the fourth quarter. State Street Corp now owns 3,420,684 shares of the business services provider’s stock valued at $984,199,000 after buying an additional 50,686 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of FleetCor Technologies by 3.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,990,995 shares of the business services provider’s stock valued at $572,850,000 after buying an additional 64,775 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of FleetCor Technologies by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 739,085 shares of the business services provider’s stock valued at $212,650,000 after buying an additional 70,308 shares in the last quarter. 93.58% of the stock is currently owned by institutional investors and hedge funds.

FleetCor Technologies Company Profile

FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.

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Analyst Recommendations for FleetCor Technologies (NYSE:FLT)

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