FLEETCOR Technologies, Inc. (NYSE:FLT) Given Average Recommendation of “Hold” by Brokerages

FLEETCOR Technologies, Inc. (NYSE:FLTGet Rating) has been given a consensus rating of “Hold” by the fourteen research firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $239.00.

A number of research firms have recently weighed in on FLT. Truist Financial cut their price target on shares of FLEETCOR Technologies from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 13th. Barclays cut their price target on shares of FLEETCOR Technologies from $290.00 to $266.00 and set an “overweight” rating on the stock in a report on Sunday, November 6th. StockNews.com began coverage on shares of FLEETCOR Technologies in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company cut their price target on shares of FLEETCOR Technologies from $240.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, January 9th. Finally, Morgan Stanley cut their price target on shares of FLEETCOR Technologies from $196.00 to $188.00 and set an “equal weight” rating on the stock in a report on Thursday, November 3rd.

Institutional Investors Weigh In On FLEETCOR Technologies

Several hedge funds have recently modified their holdings of the business. Crossmark Global Holdings Inc. lifted its position in shares of FLEETCOR Technologies by 23.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,380 shares of the business services provider’s stock worth $805,000 after purchasing an additional 825 shares during the period. Pendal Group Ltd lifted its position in shares of FLEETCOR Technologies by 42.4% in the 4th quarter. Pendal Group Ltd now owns 8,022 shares of the business services provider’s stock worth $1,473,000 after purchasing an additional 2,387 shares during the period. Maryland State Retirement & Pension System purchased a new stake in shares of FLEETCOR Technologies in the 4th quarter worth approximately $1,064,000. Exchange Traded Concepts LLC lifted its position in shares of FLEETCOR Technologies by 83.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,265 shares of the business services provider’s stock worth $416,000 after purchasing an additional 1,031 shares during the period. Finally, Beese Fulmer Investment Management Inc. lifted its position in shares of FLEETCOR Technologies by 2.0% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 21,698 shares of the business services provider’s stock worth $3,985,000 after purchasing an additional 432 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

FLEETCOR Technologies Stock Up 0.4 %

FLT opened at $192.59 on Friday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.99 and a current ratio of 0.99. FLEETCOR Technologies has a fifty-two week low of $161.69 and a fifty-two week high of $265.30. The firm’s fifty day moving average is $188.17 and its 200 day moving average is $197.88. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 0.73 and a beta of 1.20.

FLEETCOR Technologies (NYSE:FLTGet Rating) last released its earnings results on Wednesday, November 2nd. The business services provider reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $3.86 by $0.05. FLEETCOR Technologies had a net margin of 28.51% and a return on equity of 42.85%. The company had revenue of $893.00 million for the quarter, compared to analysts’ expectations of $877.61 million. During the same quarter in the previous year, the company earned $3.37 EPS. On average, sell-side analysts forecast that FLEETCOR Technologies will post 14.72 earnings per share for the current fiscal year.

About FLEETCOR Technologies

(Get Rating)

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.

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Analyst Recommendations for FLEETCOR Technologies (NYSE:FLT)

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