FleetCor Technologies (FLT) is Initiated by Compass Point to Neutral, Price Target at $145

FleetCor Technologies (FLT) was Initiated by Compass Point to “Neutral” and the brokerage firm has set the Price Target at $145. Compass Point advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on FleetCor Technologies. Shares were Reiterated by Monness Crespi & Hardt on Jan 27, 2016 to “Buy” and Lowered the Price Target to $ 173 from a previous price target of $184 .

On the company’s financial health, FleetCor Technologies reported $1.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $1.61. The company had revenue of $4330.60 million for the quarter, compared to analysts expectations of $432.27 million. The company’s revenue was up 1049.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.

FleetCor Technologies opened for trading at $146.83 and hit $149 on the upside on Monday, eventually ending the session at $146.61, with a gain of 0.64% or 0.93 points. The heightened volatility saw the trading volume jump to 6,63,916 shares. Company has a market cap of $13,579 M.

In a different news, on Sep 16, 2015, Ali Ashurov (CEO Czech & Russia) sold 13,125 shares at $150.56 per share price. According to the SEC, on Aug 26, 2015, Timothy Downs (Pres, Corp Lodging Consultants) sold 2,700 shares at $148.59 per share price. On Aug 19, 2015, Todd House (President NA Card Products) sold 6,142 shares at $162.13 per share price, according to the Form-4 filing with the securities and exchange commission.

FleetCor Technologies Inc. is an independent global provider of fuel cards commercial payment and data solutions stored value solutions and workforce payment products and services to businesses retailers commercial fleets oil companies petroleum marketers and Government entities in countries. The Company operates in two segments: North America and International. In North America the Company sells a fuel card product commercial payment and data solutions as well as a fleet telematics offering which allows customers to track the location of mobile workers in field-based businesses as well as over-the-road trucking fleets. In its International segment the Company provides small and mid-sized fleets with fuel cards to control and manage spending. Additionally the Company provides a similar fuel product in its International segment to over-the-road trucking fleets shipping fleets and other operators of heavily industrialized equipment.

FleetCor Technologies

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