FleetCor Technologies (NYSE:FLT) has received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $171.00.
In other FleetCor Technologies news, CEO Ali Ashurov sold 5,000 shares of FleetCor Technologies stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $159.39, for a total value of $796,950.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven T. Stull sold 18,735 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $155.31, for a total value of $2,909,732.85. The disclosure for this sale can be found here.
FleetCor Technologies (NYSE:FLT) traded up 0.991% on Monday, hitting $155.778. 48,825 shares of the company’s stock traded hands. FleetCor Technologies has a 52-week low of $121.42 and a 52-week high of $165.67. The stock has a 50-day moving average of $156.66 and a 200-day moving average of $152.44. The company has a market cap of $14.30 billion and a P/E ratio of 35.811.
FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, April 30th. The company reported $1.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.40 by $0.05. The company had revenue of $416.20 million for the quarter, compared to the consensus estimate of $390.63 million. During the same quarter last year, the company posted $1.12 earnings per share. FleetCor Technologies’s revenue was up 63.9% compared to the same quarter last year. On average, analysts predict that FleetCor Technologies will post $6.150 earnings per share for the current fiscal year.
FLT has been the subject of a number of recent research reports. Analysts at Susquehanna initiated coverage on shares of FleetCor Technologies in a research note on Monday, June 29th. They set a “neutral” rating and a $183.00 price target on the stock. Analysts at Topeka Capital Markets initiated coverage on shares of FleetCor Technologies in a research note on Tuesday, June 16th. They set a “hold” rating and a $160.00 price target on the stock. Analysts at Monness Crespi & Hardt initiated coverage on shares of FleetCor Technologies in a research note on Wednesday, May 13th. They set a “buy” rating and a $184.00 price target on the stock. Analysts at Zacks downgraded shares of FleetCor Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Finally, analysts at Deutsche Bank reiterated a “buy” rating and set a $170.00 price target on shares of FleetCor Technologies in a research note on Friday, May 1st.
FleetCor Technologies, Inc. is an independent global provider of fuel cards and workforce payment products and services to businesses, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America and Europe. It provides its payment products and services in a variety of combinations to create customized payment solutions for its customers and partners. The Company operates in two segments: North American and International. The Company provides its customers with various card products that typically function like a charge card to purchase fuel, lodging, food and related products and services at participating locations. In October 2013, FleetCor Technologies, Inc acquired Epyx and NexTraq.