Brokerage Firm Rating Update on Fleetmatics Group PLC (FLTX)

Fleetmatics Group PLC (FLTX) has an average broker rating of 2.71, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 10 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. 1 considers that the stock is a Sell.

Fleetmatics Group PLC (FLTX) : 9 investment research analysts covering Fleetmatics Group PLC (FLTX) have an average price target of $53.22 for the near short term. The highest target price given by the Brokerage Firm to the stock is $60 and the lowest target is $36 for the short term. Analysts expect the variance to be within $8.9 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Citigroup maintains the rating on Fleetmatics Group PLC (NYSE:FLTX). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $45 per share to $60 per share. The rating by the firm was issued on August 9, 2016.

Fleetmatics Group PLC (NYSE:FLTX): The stock opened at $59.92 and touched an intraday high of $59.99 on Wednesday. During the day, the stock corrected to an intraday low of $59.9, however, the bulls stepped in and pushed the price higher to close in the green at $59.99 with a gain of 0.10% for the day. The total traded volume for the day was 692,304. The stock had closed at $59.93 in the previous trading session.

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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