FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,280,000 shares, a growth of 40.4% from the February 13th total of 911,900 shares. Based on an average trading volume of 530,400 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.9% of the shares of the company are sold short.
FLEETCOR Technologies Stock Down 2.8 %
NYSE:FLT opened at $190.35 on Tuesday. FLEETCOR Technologies has a 12-month low of $161.69 and a 12-month high of $265.30. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $13.99 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.03 and a beta of 1.20. The stock’s fifty day simple moving average is $203.68 and its 200-day simple moving average is $194.01.
FLEETCOR Technologies (NYSE:FLT – Get Rating) last posted its earnings results on Wednesday, February 8th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.93 by $0.11. The firm had revenue of $883.60 million for the quarter, compared to analyst estimates of $874.44 million. FLEETCOR Technologies had a return on equity of 44.21% and a net margin of 27.85%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.47 earnings per share. Equities research analysts expect that FLEETCOR Technologies will post 15.78 earnings per share for the current year.
Institutional Trading of FLEETCOR Technologies
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Mizuho dropped their target price on FLEETCOR Technologies from $256.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, November 14th. Robert W. Baird raised FLEETCOR Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $235.00 to $254.00 in a report on Friday, February 10th. Truist Financial raised their price target on FLEETCOR Technologies from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, January 20th. Wells Fargo & Company raised their price target on FLEETCOR Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, February 9th. Finally, Bank of America raised FLEETCOR Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $208.00 to $240.00 in a report on Tuesday, January 31st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.50.
About FLEETCOR Technologies
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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