FleetCor Technologies (FLT) is Reiterated by Barclays to Overweight, Raises Price Target to $ 160

FleetCor Technologies (FLT) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 160 from a previous price target of $150 . Barclays advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on FleetCor Technologies. Company shares were Reiterated by Compass Point on May 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 146 from a previous price target of $145 .Compass Point Initiated FleetCor Technologies on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $145.

On the company’s financial health, FleetCor Technologies reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $1.50. The company had revenue of $414.30 million for the quarter, compared to analysts expectations of $419.05 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.45 EPS.

FleetCor Technologies closed down -2.14 points or -1.38% at $152.72 with 10,64,937 shares getting traded on Wednesday. Post opening the session at $153.75, the shares hit an intraday low of $150.96 and an intraday high of $154.15 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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

Leave a Reply

FleetCor Technologies - Is it time to Sell?

Top Brokerage Firms are advising their investors on FleetCor Technologies. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.