Fleetcor (NYSE:FLT)‘s stock had its “buy” rating reaffirmed by investment analysts at Morgan Stanley in a research note issued to investors on Wednesday, March 14th, MarketBeat reports. They presently have a $235.00 price objective on the business services provider’s stock, up from their previous price objective of $232.00. Morgan Stanley’s price objective suggests a potential upside of 19.69% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $236.00 price objective on shares of Fleetcor in a research report on Thursday, February 8th. Zacks Investment Research raised Fleetcor from a “hold” rating to a “buy” rating and set a $228.00 price target for the company in a research report on Thursday, February 8th. SunTrust Banks set a $240.00 price target on Fleetcor and gave the company a “buy” rating in a research report on Monday, February 5th. Deutsche Bank boosted their price target on Fleetcor from $185.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, Wells Fargo set a $225.00 price target on Fleetcor and gave the company a “buy” rating in a research report on Wednesday, January 10th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $209.43.
Shares of Fleetcor stock traded down $3.87 during trading on Wednesday, reaching $196.34. The company’s stock had a trading volume of 272,930 shares, compared to its average volume of 398,107. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.87 and a quick ratio of 0.87. Fleetcor has a 12-month low of $121.52 and a 12-month high of $213.74. The company has a market cap of $17,633.10, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.24 and a beta of 1.46.
Fleetcor (NYSE:FLT) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.09. Fleetcor had a return on equity of 21.15% and a net margin of 32.90%. The firm had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $605.87 million. During the same period in the previous year, the firm posted $1.90 earnings per share. Fleetcor’s revenue was up 18.4% on a year-over-year basis. equities research analysts anticipate that Fleetcor will post 9.6 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. FNY Partners Fund LP acquired a new position in shares of Fleetcor in the third quarter worth about $125,000. Captrust Financial Advisors acquired a new stake in Fleetcor during the fourth quarter valued at approximately $156,000. First Personal Financial Services raised its stake in Fleetcor by 31.4% during the fourth quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock valued at $196,000 after buying an additional 244 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in Fleetcor during the fourth quarter valued at approximately $207,000. Finally, HBK Sorce Advisory LLC acquired a new stake in Fleetcor during the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 94.36% of the company’s stock.
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