FleetCor Technologies (NYSE:FLT) has been assigned a $250.00 target price by research analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, TipRanks reports. The firm presently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s price target would indicate a potential downside of 2.63% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. BTIG Research upped their target price 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. Citigroup upped their target price on shares of FleetCor Technologies from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Mizuho restated a “neutral” rating and issued a $230.00 target price on shares of FleetCor Technologies in a research note on Wednesday, February 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $238.00 target price on shares of FleetCor Technologies in a research note on Wednesday, February 20th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $248.82.

NYSE:FLT traded up $4.25 during mid-day trading on Tuesday, hitting $256.75. 10,734 shares of the stock traded hands, compared to its average volume of 587,941. The company has a market capitalization of $21.68 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 1.38 and a beta of 1.24. FleetCor Technologies has a 52 week low of $172.18 and a 52 week high of $253.96. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Wednesday, February 6th. The business services provider reported $2.64 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.08). The firm had revenue of $643.40 million for the quarter, compared to the consensus estimate of $620.45 million. FleetCor Technologies had a net margin of 33.35% and a return on equity of 25.73%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.42 earnings per share. As a group, equities analysts forecast that FleetCor Technologies will post 11.03 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of FleetCor Technologies by 0.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 17,315 shares of the business services provider’s stock valued at $3,216,000 after purchasing an additional 54 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of FleetCor Technologies by 1.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,977 shares of the business services provider’s stock valued at $552,000 after purchasing an additional 56 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of FleetCor Technologies by 8.5% during the fourth quarter. Captrust Financial Advisors now owns 830 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 65 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of FleetCor Technologies by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,909 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 68 shares in the last quarter. Finally, BB&T Securities LLC boosted its stake in shares of FleetCor Technologies by 1.8% during the fourth quarter. BB&T Securities LLC now owns 4,063 shares of the business services provider’s stock valued at $754,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

FleetCor Technologies Company Profile

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.

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Analyst Recommendations for FleetCor Technologies (NYSE:FLT)

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