Brokerage Firm Rating Update on FleetCor Technologies (FLT)

FleetCor Technologies (FLT) : 10 analysts are covering FleetCor Technologies (FLT) and their average rating on the stock is 1.65, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. FleetCor Technologies (FLT) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

FleetCor Technologies (FLT) : The most positive equity analysts on FleetCor Technologies (FLT) expects the shares to touch $186, 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 $173.75 with an expected fluctuation of $13.59 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Also, Keefe Bruyette & Woods maintains its view on FleetCor Technologies (NYSE:FLT) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Keefe Bruyette & Woods raises the price target from $180 per share to $185 per share on FleetCor Technologies . The rating by the firm was issued on August 8, 2016.

FleetCor Technologies (NYSE:FLT): The stock opened at $168.2 and touched an intraday high of $169.23 on Wednesday. During the day, the stock corrected to an intraday low of $167.53, however, the bulls stepped in and pushed the price higher to close in the green at $167.96 with a gain of 0.10% for the day. The total traded volume for the day was 556,089. The stock had closed at $167.8 in the previous trading session.

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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