FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) has been assigned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $301.88.
A number of research analysts have recently weighed in on the company. Barclays raised their price target on FLEETCOR Technologies from $306.00 to $312.00 and gave the company an “overweight” rating in a research report on Thursday, April 14th. Morgan Stanley decreased their price target on FLEETCOR Technologies from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 9th. Mizuho raised their price target on FLEETCOR Technologies from $255.00 to $275.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 16th. Wells Fargo & Company started coverage on FLEETCOR Technologies in a report on Monday, April 4th. They set an “overweight” rating and a $294.00 target price on the stock. Finally, StockNews.com started coverage on FLEETCOR Technologies in a report on Thursday, March 31st. They set a “hold” rating on the stock.
A number of large investors have recently made changes to their positions in the stock. Xponance Inc. boosted its stake in FLEETCOR Technologies by 2.6% during the 1st quarter. Xponance Inc. now owns 7,190 shares of the business services provider’s stock valued at $1,791,000 after purchasing an additional 184 shares during the period. Alta Capital Management LLC raised its holdings in shares of FLEETCOR Technologies by 1.6% in the 1st quarter. Alta Capital Management LLC now owns 52,532 shares of the business services provider’s stock worth $13,083,000 after buying an additional 849 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of FLEETCOR Technologies by 15.7% in the 1st quarter. IFM Investors Pty Ltd now owns 12,043 shares of the business services provider’s stock worth $2,999,000 after buying an additional 1,632 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of FLEETCOR Technologies by 63.1% in the 1st quarter. State of Alaska Department of Revenue now owns 19,180 shares of the business services provider’s stock worth $4,776,000 after buying an additional 7,423 shares in the last quarter. Finally, Community Capital Management LLC raised its holdings in shares of FLEETCOR Technologies by 125.0% in the 1st quarter. Community Capital Management LLC now owns 7,200 shares of the business services provider’s stock worth $1,793,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.
FLEETCOR Technologies (NYSE:FLT – Get Rating) last released its quarterly earnings data on Tuesday, February 8th. The business services provider reported $3.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.33 by $0.14. The firm had revenue of $802.26 million during the quarter, compared to analysts’ expectations of $768.85 million. FLEETCOR Technologies had a return on equity of 32.65% and a net margin of 29.63%. FLEETCOR Technologies’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.92 earnings per share. Analysts anticipate that FLEETCOR Technologies will post 14.45 earnings per share for the current fiscal year.
About FLEETCOR Technologies (Get Rating)
FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending.
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