News coverage about FleetCor Technologies (NYSE:FLT) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FleetCor Technologies earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.199430020559 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- 13.47 % to Target, Morgan Stanley Maintains ‘Overweight’ Rating on Fleetcor Technologies (NYSE:FLT) Shares Today – NMSU Hеrаld (nmsuherald.com)
- Hot Stock’s Highlights – FleetCor Technologies Inc (NYSE: FLT) – Alpha Beta Stock (alphabetastock.com)
- FLEETCOR Wins Canadian Dealmakers Award for Acquisition of Cambridge Global Payments (finance.yahoo.com)
- Stock Traders Purchase High Volume of FleetCor Technologies Call Options (FLT) (americanbankingnews.com)
- Shedding Some Light on FleetCor Technologies, Inc. (NYSE:FLT) Technicals – Saline News (salinenews.com)
Several research analysts recently commented on FLT shares. Zacks Investment Research upgraded FleetCor Technologies from a “hold” rating to a “buy” rating and set a $228.00 price target for the company in a research report on Thursday, February 8th. SunTrust Banks set a $240.00 price target on FleetCor Technologies and gave the stock a “buy” rating in a research report on Monday, February 5th. Deutsche Bank lifted their price target on FleetCor Technologies from $185.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Wells Fargo set a $225.00 price target on FleetCor Technologies and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $236.00 price target on shares of FleetCor Technologies in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $209.43.
FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, February 8th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.33 by $0.09. FleetCor Technologies had a return on equity of 21.15% and a net margin of 32.90%. The business had revenue of $610.00 million during the quarter, compared to analyst estimates of $605.87 million. During the same quarter in the previous year, the business earned $1.90 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. analysts expect that FleetCor Technologies will post 9.6 earnings per share for the current fiscal year.
About FleetCor Technologies
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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