FLEETCOR Technologies (NYSE:FLT) PT Raised to $230.00 at Robert W. Baird

FLEETCOR Technologies (NYSE:FLT – Get Rating) had its price target increased by equities researchers at Robert W. Baird from $220.00 to $230.00 in a report released on Wednesday, The Fly reports. Robert W. Baird’s target price would suggest a potential upside of 15.25% from the stock’s current price.

FLT has been the subject of several other research reports. Royal Bank of Canada reduced their target price on shares of FLEETCOR Technologies from $265.00 to $226.00 and set a “sector perform” rating for the company in a research note on Thursday, November 3rd. Wells Fargo & Company reduced their target price on shares of FLEETCOR Technologies from $240.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, January 9th. Mizuho reduced their target price on shares of FLEETCOR Technologies from $256.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, November 14th. Truist Financial upped their target price on shares of FLEETCOR Technologies from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, January 20th. Finally, Barclays reduced their target price on shares of FLEETCOR Technologies from $266.00 to $235.00 and set an “overweight” rating for the company in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $238.92.

FLEETCOR Technologies Stock Performance

Shares of FLT stock opened at $199.57 on Wednesday. The firm has a market capitalization of $14.72 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The firm has a fifty day simple moving average of $188.38 and a two-hundred day simple moving average of $197.29. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 2.13. FLEETCOR Technologies has a 12 month low of $161.69 and a 12 month high of $265.30.

FLEETCOR Technologies (NYSE:FLT – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $3.86 by $0.05. The business had revenue of $893.00 million during the quarter, compared to analyst estimates of $877.61 million. FLEETCOR Technologies had a net margin of 28.51% and a return on equity of 42.85%. During the same quarter in the previous year, the business posted $3.37 EPS. Analysts forecast that FLEETCOR Technologies will post 14.71 EPS for the current fiscal year.

Institutional Investors Weigh In On FLEETCOR Technologies

Institutional investors have recently added to or reduced their stakes in the business. Gateway Investment Advisers LLC lifted its holdings in FLEETCOR Technologies by 7.3% during the third quarter. Gateway Investment Advisers LLC now owns 1,376 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 94 shares during the last quarter. Capital Investment Services of America Inc. lifted its holdings in FLEETCOR Technologies by 2.4% during the third quarter. Capital Investment Services of America Inc. now owns 81,353 shares of the business services provider’s stock valued at $14,332,000 after purchasing an additional 1,912 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in FLEETCOR Technologies by 16.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 11,218 shares of the business services provider’s stock valued at $2,333,000 after purchasing an additional 1,615 shares during the last quarter. Clear Street Markets LLC lifted its holdings in FLEETCOR Technologies by 393.9% during the second quarter. Clear Street Markets LLC now owns 163 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 130 shares during the last quarter. Finally, Duality Advisers LP purchased a new stake in FLEETCOR Technologies during the third quarter valued at about $908,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

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.