Analyst Rating Update on Fleetmatics Group PLC (FLTX)

Fleetmatics Group PLC (FLTX) : 13 analysts are covering Fleetmatics Group PLC (FLTX) and their average rating on the stock is 2.54, which is read as a Hold. 3 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. Fleetmatics Group PLC (FLTX) also receives 1 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. 1 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Fleetmatics Group PLC (FLTX) : Average target price received by Fleetmatics Group PLC (FLTX) is $49.78 with an expected standard deviation of $8.84. The most aggressive target on the stock is $60, whereas the most downbeat target is $36. 9 financial analysts are currently covering the stock.

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


Fleetmatics Group PLC (NYSE:FLTX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.57 and $59.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.59, notching a gain of 0.03% for the day. The total traded volume was 1,383,102 . The stock had closed at $59.57 on the previous day.

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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