FLEETCOR Technologies Inc. (NYSE: FLT): Street Finally Waking Up


    With over 0.69 million FLEETCOR Technologies Inc. (FLT) shares trading Thursday and a closing price of $253.33 on the day, the dollar volume was approximately $175.38 million. The shares have shown a negative weekly performance of -0.53% and its price on 07/09/20 lost nearly -0.12%. Currently, there are 84.90M common shares owned by the public and among those 82.15M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 20 analysts who have offered their price forecasts for FLT have a consensus price objective of $283.78. The analysts have set the share’s price value over the next 12 months at a high of $324.00 and a low of $250.00 should the stock experience a downside. Incidentally, analysts’ outlook for the FLEETCOR Technologies Inc. stock is 2.30 for the next 12 months. The average price target is 9.9% above its last price level and an upside to the estimated low will see the stock lose -1.33% over that period. But an upside of 21.81% will see the stock hit the forecast high price target while mean target price for the stock is $280.00.

    Insiders at the company have transacted a total of 60 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 864,619 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 613,943 shares.

    Shares of FLEETCOR Technologies Inc. (NYSE: FLT) opened at $259.77, up $6.13 from a prior closing price of $253.64. However, the script later closed the day at $253.33, down -0.12%. The company’s stock has a 5-day price change of -0.53% and 14.99% over the past three months. FLT shares are trading -11.95% year to date (YTD), with the 12-month market performance down to -13.33% lower. It has a 12-month low price of $168.51 and touched a high of $329.85 over the same period. Currently, 0.69 million shares have been traded, compared to an average intraday trading volume of 820.17K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.11%, 1.90%, and -6.06% respectively.

    Institutional ownership of FLEETCOR Technologies Inc. (NYSE: FLT) shares accounts for 95.70% of the company’s 84.90M shares outstanding.

    It has a market capitalization of $21.22B and a beta (3y monthly) value of 1.49. The stock’s trailing 12-month PE ratio is 26.19, while the earnings-per-share (ttm) stands at $9.67. The company has a PEG of 2.90 and a Quick Ratio of 0.90 with the debt-to-equity ratio at 1.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.22% over the week and 3.45% over the month.

    Analysts forecast that FLEETCOR Technologies Inc. (FLT) will achieve an EPS of $2.23 for the current quarter, $2.79 for the next quarter and $13.1 for 2021. The lowest estimate earnings-per-share for the quarter is $1.85 while analysts give the company a high EPS estimate of $3.36. Comparatively, EPS for the current quarter was $2.85 a year ago. Earnings per share for the fiscal year are expected to increase by 9.50%, and 16.97% over the next financial year. EPS should shrink at an annualized rate of 9.04% over the next five years, compared to 18.60% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 20 brokerage firm advisors rate FLEETCOR Technologies Inc. (FLT) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 8 of the 20 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the FLT, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on July 09, 2020, with the firm’s price target at $300. Oppenheimer coverage for the FLEETCOR Technologies Inc. (FLT) stock in a research note released on June 01, 2020 offered a Outperform rating with a price target of. Citigroup was of a view on March 18, 2020 that the stock is Neutral, while Cowen gave the stock Market Perform rating on January 31, 2020 $360. Credit Suisse on their part issued Neutral rating on January 24, 2020.


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