Impact of Brokerage Rating on FleetCor Technologies, Inc.(FLT)

Many FleetCor Technologies, Inc.(FLT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. FleetCor Technologies was Initiated by Citigroup to Buy on Dec 15, 2016. FleetCor Technologies was Upgraded by Wells Fargo to Outperform on Nov 18, 2016.

Company has reported several Insider transactions to the SEC, on Feb 13, 2017, Gregory L Secord (President- NA Trucking) sold 5,000 shares at 165.00 per share price.On Jan 24, 2017, David D Maxsimic (CEO UK & Austarlia/New Zealand) sold 1,270 shares at 150.11 per share price.On Oct 28, 2016, John A Reed (Global Chief Information Offic) sold 3,000 shares at 175.61 per share price.

FleetCor Technologies Last issued its quarterly earnings results on Nov 1, 2016. The company reported $1.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $1.86. The company had revenue of $484.40 million for the quarter, compared to analysts expectations of $491.20 million. The companys revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS.

FleetCor Technologies, Inc. (NYSE:FLT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.41 by 11 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.

FleetCor Technologies, Inc. (NYSE:FLT) stock has received a short term price target of $ 181 from 9 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $14.24. The higher estimate of target price is $197 , while the lower price target estimate is $146

FleetCor Technologies, Inc. (NYSE:FLT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.53% or 0.89 points. After the session commenced at $167.24, the stock reached the higher end at $168.02 while it hit a low of $166.545. With the volume soaring to 596,147 shares, the last trade was called at $167.36. The company has a 52-week high of $176.42. The company has a market cap of $15,370 million and there are 91,836,938 shares in outstanding. The 52-week low of the share price is $117.46.

FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments.

FleetCor

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