FleetCor Technologies, Inc. (NYSE:FLT)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $297.00 and last traded at $295.62, with a volume of 4481 shares. The stock had previously closed at $296.37.
A number of equities research analysts have weighed in on the company. GMP Securities reaffirmed an “average” rating and issued a $4.00 target price on shares of FleetCor Technologies in a report on Wednesday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $340.00 target price on shares of FleetCor Technologies in a report on Monday, July 8th. Oppenheimer raised their target price on FleetCor Technologies from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Deutsche Bank raised their target price on FleetCor Technologies from $265.00 to $305.00 and gave the company a “buy” rating in a report on Friday, June 21st. Finally, Jefferies Financial Group set a $250.00 target price on FleetCor Technologies and gave the company a “hold” rating in a report on Tuesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $262.93.
The company has a 50-day moving average price of $285.79. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $23.21 billion, a PE ratio of 29.78, a P/E/G ratio of 1.56 and a beta of 1.16.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $2.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.64 by $0.05. FleetCor Technologies had a return on equity of 27.06% and a net margin of 35.29%. The firm had revenue of $647.09 million during the quarter, compared to analyst estimates of $633.95 million. During the same period last year, the company posted $2.57 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts expect that FleetCor Technologies, Inc. will post 11.13 earnings per share for the current year.
Institutional investors have recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt increased its position in FleetCor Technologies by 38.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,073 shares of the business services provider’s stock valued at $301,000 after buying an additional 300 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in FleetCor Technologies during the 1st quarter valued at about $1,012,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in FleetCor Technologies by 3.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,019 shares of the business services provider’s stock valued at $1,238,000 after purchasing an additional 181 shares during the last quarter. Bayesian Capital Management LP boosted its stake in FleetCor Technologies by 488.7% during the 1st quarter. Bayesian Capital Management LP now owns 9,873 shares of the business services provider’s stock valued at $2,435,000 after purchasing an additional 8,196 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in FleetCor Technologies by 17.9% during the 1st quarter. CIBC Private Wealth Group LLC now owns 416,461 shares of the business services provider’s stock valued at $102,695,000 after purchasing an additional 63,167 shares during the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.
FleetCor Technologies Company Profile (NYSE:FLT)
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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