FleetCor Technologies (FLT) Sets New 52-Week High at $274.99

Share on StockTwits

Shares of FleetCor Technologies, Inc. (NYSE:FLT) hit a new 52-week high on Tuesday . The stock traded as high as $274.99 and last traded at $273.60, with a volume of 2375 shares. The stock had previously closed at $272.08.

Several analysts have weighed in on the stock. BTIG Research upped their price objective on shares of FleetCor Technologies from $253.00 to $288.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $279.00 price objective on the stock in a research note on Tuesday, April 2nd. Mizuho upped their price objective on shares of FleetCor Technologies from $245.00 to $247.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Oppenheimer upped their price objective on shares of FleetCor Technologies from $265.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Finally, Jefferies Financial Group set a $250.00 price objective on shares of FleetCor Technologies and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $255.33.

The stock has a market capitalization of $23.09 billion, a PE ratio of 27.69, a P/E/G ratio of 1.52 and a beta of 1.24. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.86 and a current ratio of 0.91.

FleetCor Technologies (NYSE:FLT) last announced its earnings results on Tuesday, May 7th. The business services provider reported $2.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.46 by $0.10. FleetCor Technologies had a net margin of 32.74% and a return on equity of 26.56%. The company had revenue of $621.80 million for the quarter, compared to analyst estimates of $608.40 million. During the same period in the prior year, the business earned $2.50 earnings per share. FleetCor Technologies’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities research analysts expect that FleetCor Technologies, Inc. will post 11.11 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. National Pension Service lifted its holdings in FleetCor Technologies by 5.3% in the fourth quarter. National Pension Service now owns 101,534 shares of the business services provider’s stock valued at $22,388,000 after buying an additional 5,089 shares during the period. New York State Common Retirement Fund lifted its holdings in FleetCor Technologies by 0.4% in the fourth quarter. New York State Common Retirement Fund now owns 186,951 shares of the business services provider’s stock valued at $34,721,000 after buying an additional 691 shares during the period. Northern Trust Corp raised its holdings in FleetCor Technologies by 5.2% in the fourth quarter. Northern Trust Corp now owns 961,363 shares of the business services provider’s stock worth $178,545,000 after purchasing an additional 47,704 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its holdings in FleetCor Technologies by 16.5% in the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 7,156 shares of the business services provider’s stock worth $1,328,000 after purchasing an additional 1,013 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in FleetCor Technologies by 321.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 780 shares of the business services provider’s stock worth $145,000 after purchasing an additional 595 shares during the period. Institutional investors and hedge funds own 94.65% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “FleetCor Technologies (FLT) Sets New 52-Week High at $274.99” was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/4349773/fleetcor-technologies-flt-sets-new-52-week-high-at-274-99.html.

About FleetCor Technologies (NYSE:FLT)

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.

Recommended Story: The primary rules of Elliott Wave theory

Receive News & Ratings for FleetCor Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Insider Buying: Century Bancorp, Inc.  Major Shareholder Purchases 200 Shares of Stock
Insider Buying: Century Bancorp, Inc. Major Shareholder Purchases 200 Shares of Stock
salesforce.com, inc.  Director John Victor Roos Sells 113 Shares
salesforce.com, inc. Director John Victor Roos Sells 113 Shares
Century Bancorp, Inc.  Major Shareholder Acquires $17,300.00 in Stock
Century Bancorp, Inc. Major Shareholder Acquires $17,300.00 in Stock
Samuel Gazal Buys 1,750,000 Shares of K2 Energy Limited  Stock
Samuel Gazal Buys 1,750,000 Shares of K2 Energy Limited Stock
Gordon R. Bernard Sells 2,050 Shares of Cumberland Pharmaceuticals, Inc.  Stock
Gordon R. Bernard Sells 2,050 Shares of Cumberland Pharmaceuticals, Inc. Stock
Cumberland Pharmaceuticals, Inc.  Director Gordon R. Bernard Sells 1,859 Shares
Cumberland Pharmaceuticals, Inc. Director Gordon R. Bernard Sells 1,859 Shares


© 2006-2019 Ticker Report