Press coverage about FleetCor Technologies (NYSE:FLT) has been trending somewhat positive on Saturday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. FleetCor Technologies earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.9485089398271 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
FLT has been the subject of a number of research reports. Zacks Investment Research cut FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. SunTrust Banks set a $180.00 price objective on FleetCor Technologies and gave the company a “buy” rating in a research note on Tuesday, October 24th. Deutsche Bank boosted their target price on FleetCor Technologies from $185.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Oppenheimer boosted their target price on FleetCor Technologies from $185.00 to $194.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, Barclays boosted their target price on FleetCor Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $209.21.
FleetCor Technologies (NYSE FLT) traded up $2.24 during trading hours on Friday, hitting $198.60. The stock had a trading volume of 693,396 shares, compared to its average volume of 600,008. The firm has a market capitalization of $17,790.00, a price-to-earnings ratio of 30.27, a P/E/G ratio of 1.24 and a beta of 1.51. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.84. FleetCor Technologies has a 1-year low of $121.52 and a 1-year high of $213.74.
FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.33 by $0.09. FleetCor Technologies had a return on equity of 21.59% and a net margin of 32.90%. The firm had revenue of $610.00 million for the quarter, compared to analyst estimates of $605.87 million. During the same quarter in the prior year, the company posted $1.90 earnings per share. FleetCor Technologies’s quarterly revenue was up 18.4% on a year-over-year basis. analysts expect that FleetCor Technologies will post 9.59 earnings per share for the current fiscal year.
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FleetCor Technologies Company Profile
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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