FLEETCOR Technologies, Inc. (NYSE:FLT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $249.50.

A number of research firms have commented on FLT. Wells Fargo & Company upped their price target on FLEETCOR Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, February 9th. Barclays upped their price target on FLEETCOR Technologies from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, February 13th. Royal Bank of Canada upped their price target on FLEETCOR Technologies from $226.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 9th. Robert W. Baird upgraded FLEETCOR Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $235.00 to $254.00 in a research note on Friday, February 10th. Finally, Bank of America upgraded FLEETCOR Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $208.00 to $240.00 in a research note on Tuesday, January 31st.

Hedge Funds Weigh In On FLEETCOR Technologies

Hedge funds have recently made changes to their positions in the company. Covestor Ltd grew its holdings in shares of FLEETCOR Technologies by 253.1% during the first quarter. Covestor Ltd now owns 113 shares of the business services provider’s stock worth $28,000 after purchasing an additional 81 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of FLEETCOR Technologies during the first quarter worth about $35,000. Fred Alger Management LLC grew its holdings in shares of FLEETCOR Technologies by 102.4% during the third quarter. Fred Alger Management LLC now owns 170 shares of the business services provider’s stock worth $30,000 after buying an additional 86 shares during the last quarter. CI Investments Inc. grew its holdings in shares of FLEETCOR Technologies by 97.0% during the fourth quarter. CI Investments Inc. now owns 197 shares of the business services provider’s stock worth $36,000 after buying an additional 97 shares during the last quarter. Finally, Oakworth Capital Inc. grew its holdings in shares of FLEETCOR Technologies by 952.4% during the third quarter. Oakworth Capital Inc. now owns 221 shares of the business services provider’s stock worth $39,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

FLEETCOR Technologies Trading Down 4.3 %

FLT opened at $195.88 on Friday. FLEETCOR Technologies has a one year low of $161.69 and a one year high of $265.30. The stock has a market capitalization of $14.40 billion, a PE ratio of 15.77, a P/E/G ratio of 1.10 and a beta of 1.20. The business’s 50 day moving average price is $203.55 and its 200 day moving average price is $194.79. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.01 and a current ratio of 1.01.

FLEETCOR Technologies (NYSE:FLT – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.93 by $0.11. FLEETCOR Technologies had a return on equity of 44.21% and a net margin of 27.85%. The firm had revenue of $883.60 million for the quarter, compared to analysts’ expectations of $874.44 million. During the same period in the prior year, the firm posted $3.47 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts expect that FLEETCOR Technologies will post 15.78 EPS for the current year.

FLEETCOR Technologies Company Profile

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FLEETCOR Technologies, Inc engages in the provision of digital payment solutions that enables businesses to control purchases and make payments. It operates through the following geographical segments: North America, International, and Brazil. The company was founded by William Boatner Reily III and Ronald F.