FLEETCOR Applied sciences (NYSE:FLT — Get Rating) had its worth goal dropped by Barclays from $290.00 to $266.00 in a research report issued to clients and buyers on Sunday, The Fly experiences. The firm presently has an «overweight» rating on the business companies provider’s stock. Barclays‘s target worth would indicate a potential upside of 47.51% from the company’s current price.
FLT has been the subject of a number of other research experiences. Wells Fargo & Firm decreased their price target on FLEETCOR Applied sciences from $298.00 to $274.00 and set an «overweight» score on the inventory in a analysis observe on Thursday, September 8th. Robert W. Baird dropped their value goal on FLEETCOR Technologies from $250.00 to $220.00 and set a «neutral» rating for the corporate in a report on Monday, September 26th. Bank of America downgraded FLEETCOR Applied sciences from a «buy» score to a «neutral» score and dropped their value objective for The Sunset News stock from $278.00 to $203.00 in a report on Thursday, October 20th. Morgan Stanley decreased their worth target on shares of FLEETCOR Technologies from $196.00 to $188.00 and set an «equal weight» score for the company in a analysis report on Thursday, November 3rd. Lastly, StockNews.com began protection on shares of FLEETCOR Technologies in a analysis report on Wednesday, October twelfth. They issued a «hold» ranking for the company. Seven analysis analysts have rated the inventory with a hold ranking and 5 have given a buy score to the company’s inventory. Based on MarketBeat.com, FLEETCOR Technologies has an average ranking of «Hold» and a consensus price goal of $246.08.
FLEETCOR Technologies Stock Performance
Shares of FLT inventory opened at $180.33 on Friday. FLEETCOR Technologies has a 52-week low of $161.Sixty nine and a 52-week high of $265.30. The stock’s 50-day moving average worth is $188.74 and its 200 day shifting average price is $214.12. The inventory has a market capitalization of $13.53 billion, a PE ratio of 14.87, a value-to-earnings-progress ratio of 0.Eighty five and a beta of 1.22. The company has a quick ratio of 1.06, a present ratio of 0.Ninety nine and a debt-to-fairness ratio of 2.13.
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In associated information, insider Alan King offered 1,379 shares of the business’s inventory in a transaction dated Monday, September twelfth. The stock was bought at an average value of $223.38, for a complete transaction of $308,041.02. Following the completion of the transaction, the insider now owns 9,250 shares of the company’s inventory, valued at approximately $2,066,265. The transaction was disclosed in a authorized filing with the Securities & Trade Fee, which is offered via the SEC webpage. Insiders personal 6.60% of the company’s inventory.
Institutional Investors Weigh In On FLEETCOR Applied sciences
A number of giant investors have recently modified their holdings of the stock. Marshall Monetary Group LLC grew its stake in shares of FLEETCOR Technologies by 1.3% in the first quarter. Marshall Monetary Group LLC now owns 4,133 shares of the enterprise providers provider’s inventory valued at $1,029,000 after purchasing an additional 52 shares throughout the interval. Cetera Investment Advisers lifted its holdings in FLEETCOR Applied sciences by 3.1% throughout the 1st quarter. Cetera Investment Advisers now owns 1,832 shares of the business companies provider’s stock value $456,000 after buying an extra fifty five shares within the final quarter. Fulton Financial institution N.A. lifted its holdings in FLEETCOR Technologies by 4.5% during the 2nd quarter. Fulton Financial institution N.A. now owns 1,312 shares of the business companies provider’s inventory value $275,000 after buying an additional 57 shares in the last quarter. Kestra Non-public Wealth Services LLC lifted its holdings in FLEETCOR Technologies by 4.0% throughout the 1st quarter. Kestra Non-public Wealth Companies LLC now owns 1,579 shares of the business companies provider’s stock price $393,000 after buying an additional 61 shares within the final quarter. Lastly, First Horizon Advisors Inc. lifted its stake in shares of FLEETCOR Applied sciences by 3.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,962 shares of the enterprise services provider’s inventory valued at $412,000 after purchasing an additional 65 shares during the interval. 91.52% of the stock is at present owned by institutional investors.
FLEETCOR Technologies Company Profile
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FLEETCOR Technologies, Inc supplies digital payment options for businesses to control purchases and make payments. It offers company funds solutions, akin to accounts payable automation; Digital Card, which offers a single-use card number for a particular quantity usable inside a defined timeframe; Cross-Border that’s utilized by its prospects to pay worldwide vendors, foreign office and personnel bills, capital expenditures, and profit repatriation and dividends; and buying cards and travel and entertainment playing cards for its clients to research and handle their corporate spending.
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