FLEETCOR Technologies, Inc. (NYSE:FLT – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $277.00.
A number of equities analysts recently commented on the stock. StockNews.com lowered shares of FLEETCOR Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird raised their price objective on FLEETCOR Technologies from $256.00 to $275.00 in a research report on Wednesday, July 19th. Morgan Stanley raised their price objective on FLEETCOR Technologies from $243.00 to $244.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 9th. Mizuho raised their price objective on FLEETCOR Technologies from $230.00 to $245.00 in a research report on Wednesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of FLEETCOR Technologies from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th.
Institutional Investors Weigh In On FLEETCOR Technologies
FLEETCOR Technologies Trading Down 0.1 %
NYSE:FLT opened at $271.75 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.43. FLEETCOR Technologies has a 1-year low of $161.69 and a 1-year high of $275.66. The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 1.39 and a beta of 1.20. The stock has a fifty day simple moving average of $259.22 and a 200 day simple moving average of $234.10.
FLEETCOR Technologies (NYSE:FLT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $3.85 EPS for the quarter, missing analysts’ consensus estimates of $3.87 by ($0.02). FLEETCOR Technologies had a return on equity of 41.53% and a net margin of 25.61%. The firm had revenue of $948.17 million during the quarter, compared to analyst estimates of $945.21 million. Sell-side analysts forecast that FLEETCOR Technologies will post 15.83 earnings per share for the current year.
FLEETCOR Technologies Company Profile
FLEETCOR Technologies, Inc, a business payments company that helps businesses spend less by enabling them to manage their expense-related purchasing and vendor payments processes. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending.
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