FleetCor Technologies (FLT) – Research Analysts’ Weekly Ratings Changes

FleetCor Technologies (NYSE: FLT) recently received a number of ratings updates from brokerages and research firms:

  • 2/8/2019 – FleetCor Technologies was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/4/2019 – FleetCor Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “
  • 1/28/2019 – FleetCor Technologies is now covered by analysts at Jefferies Financial Group Inc. They set a “hold” rating and a $210.00 price target on the stock.
  • 1/24/2019 – FleetCor Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “
  • 1/17/2019 – FleetCor Technologies is now covered by analysts at BTIG Research. They set a “buy” rating and a $253.00 price target on the stock.
  • 1/11/2019 – FleetCor Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. “
  • 1/7/2019 – FleetCor Technologies had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $214.00 price target on the stock.
  • 1/4/2019 – FleetCor Technologies was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating.
  • 12/18/2018 – FleetCor Technologies had its price target lowered by analysts at Deutsche Bank AG to $212.00. They now have a “buy” rating on the stock.

Shares of FleetCor Technologies stock traded down $0.18 during midday trading on Monday, reaching $217.06. The company had a trading volume of 18,896 shares, compared to its average volume of 565,480. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.92. The firm has a market cap of $26.69 billion, a P/E ratio of 21.86, a P/E/G ratio of 1.25 and a beta of 1.29. FleetCor Technologies, Inc. has a 1-year low of $172.18 and a 1-year high of $230.24.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Wednesday, February 6th. The business services provider reported $2.64 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.08). FleetCor Technologies had a net margin of 33.35% and a return on equity of 25.73%. The company had revenue of $643.40 million during the quarter, compared to analyst estimates of $620.45 million. During the same period in the prior year, the business earned $2.42 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that FleetCor Technologies, Inc. will post 10.87 EPS for the current year.

Large investors have recently made changes to their positions in the business. BB&T Securities LLC increased its stake in FleetCor Technologies by 1.8% in the 4th quarter. BB&T Securities LLC now owns 4,063 shares of the business services provider’s stock valued at $754,000 after buying an additional 71 shares during the last quarter. Alps Advisors Inc. boosted its stake in FleetCor Technologies by 3.4% during the fourth quarter. Alps Advisors Inc. now owns 2,419 shares of the business services provider’s stock worth $449,000 after acquiring an additional 80 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new stake in FleetCor Technologies during the 4th quarter worth approximately $25,000. Beese Fulmer Investment Management Inc. lifted its position in FleetCor Technologies by 0.5% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 30,837 shares of the business services provider’s stock worth $5,727,000 after purchasing an additional 150 shares during the period. Finally, Lindbrook Capital LLC acquired a new stake in shares of FleetCor Technologies during the 4th quarter valued at $28,000. 70.10% of the stock is currently owned by institutional investors.

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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