Analyst Rating Update on Fleetmatics Group PLC (FLTX)

Fleetmatics Group PLC (NYSE:FLTX) : Zacks Investment Research ranks Fleetmatics Group PLC (NYSE:FLTX) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.82, which indicates as a Buy.

Fleetmatics Group PLC (NYSE:FLTX) : 9 investment research analysts covering Fleetmatics Group PLC (NYSE:FLTX) have an average price target of $48 for the near short term. The highest target price given by the Brokerage Firm to the stock is $57 and the lowest target is $36 for the short term. Analysts expect the variance to be within $7.18 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.

Fleetmatics Group PLC (NYSE:FLTX): stock turned positive on Tuesday. Though the stock opened at $39.96, the bulls momentum made the stock top out at $40.3 level for the day. The stock recorded a low of $38.97 and closed the trading day at $39.48, in the green by 0.30%. The total traded volume for the day was 683,575. The stock had closed at $39.36 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Lifshatz Stephen J, officer (Chief Financial Officer) of Fleetmatics Group Plc, had unloaded 9,846 shares at an average price of $45.21 in a transaction dated on June 20, 2016. The total value of the transaction was worth $445,138.

Fleetmatics Group PLC is a holding company. The Company is a provider of fleet management solutions delivered as software-as-a-service (SaaS). Its mobile software platform enables businesses to manage their local fleets of commercial vehicles. It offers Web-based and mobile application solutions that provide fleet operators with access to vehicle location, fuel usage, speed and mileage and others into their mobile workforce. The Companys product offerings include Fleetmatics REVEAL, a business intelligence-based fleet management solution for small and midsize businesses (SMBs); Fleetmatics REVEAL+, which extends Fleetmatics REVEAL to larger enterprises, and Fleetmatics WORK, a field service management solution. The Companys solutions include fleet management and field service management. The Companys subsidiaries are Fleetmatics Ireland Limited, Fleetmatics (UK) Limited, Fleetmatics USA, LLC, Fleetmatics Netherlands B.V., Fleetmatics de Mexico Srl, and Fleetmatics Pty Ltd.

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