Analyst Rating Update on FleetCor Technologies (FLT)

FleetCor Technologies (NYSE:FLT) has an average broker rating of 1.88, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

FleetCor Technologies (NYSE:FLT) : The most positive equity analysts on FleetCor Technologies (NYSE:FLT) expects the shares to touch $183, whereas, the least positive believes that the stock will trade at $146 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $165.38 with an expected fluctuation of $12.87 from the mean.

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

FleetCor Technologies (NYSE:FLT): stock turned positive on Tuesday. Though the stock opened at $136.21, the bulls momentum made the stock top out at $139.38 level for the day. The stock recorded a low of $135.91 and closed the trading day at $139.23, in the green by 3.39%. The total traded volume for the day was 675,666. The stock had closed at $134.67 in the previous days trading.

In an insider trading activity, The officer (CEO Brazil), of Fleetcor Technologies Inc, Netto Armando Lins had unloaded 6,200 shares at $151.89 per share in a transaction on June 6, 2016. The total value of transaction was $941,718. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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