FleetCor Technologies, Inc. (NYSE:FLT)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $236.48 and last traded at $235.75, with a volume of 257699 shares traded. The stock had previously closed at $231.80.

Several equities analysts have recently weighed in on FLT shares. Mizuho reissued a “neutral” rating and issued a $230.00 price target on shares of FleetCor Technologies in a research note on Wednesday, February 20th. Zacks Investment Research raised shares of FleetCor Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Wolfe Research downgraded shares of FleetCor Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, January 4th. Goldman Sachs Group downgraded shares of FleetCor Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $245.00 to $215.00 in a research note on Tuesday, December 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $214.00 target price on shares of FleetCor Technologies in a research note on Monday, January 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $235.73.

The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $19.90 billion, a P/E ratio of 23.83, a PEG ratio of 1.28 and a beta of 1.24.

FleetCor Technologies (NYSE:FLT) last issued its earnings results on Wednesday, February 6th. The business services provider reported $2.64 EPS for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.08). FleetCor Technologies had a return on equity of 25.73% and a net margin of 33.35%. The firm had revenue of $643.40 million for the quarter, compared to analysts’ expectations of $620.45 million. During the same period last year, the firm earned $2.42 earnings per share. FleetCor Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that FleetCor Technologies, Inc. will post 11.01 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in FLT. Private Advisor Group LLC acquired a new stake in shares of FleetCor Technologies during the third quarter valued at about $601,000. Cambridge Investment Research Advisors Inc. increased its position in shares of FleetCor Technologies by 3.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,707 shares of the business services provider’s stock valued at $1,984,000 after acquiring an additional 260 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of FleetCor Technologies by 224.1% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,123 shares of the business services provider’s stock valued at $2,306,000 after acquiring an additional 7,000 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of FleetCor Technologies during the third quarter valued at about $205,000. Finally, Achmea Investment Management B.V. acquired a new stake in shares of FleetCor Technologies during the third quarter valued at about $534,000. Institutional investors and hedge funds own 66.33% of the company’s stock.

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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.

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