Barclays Maintains FleetCor Technologies to Overweight with Price Target $190.00

Brokerage firm Barclays Maintains its rating on FleetCor Technologies(NYSE:FLT). In a research note issued to the investors, the brokerage major Raises the price-target to $190.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 21, 2016.

In a different note, On Aug 8, 2016, Keefe Bruyette & Woods said it Maintains its rating on FleetCor Technologies. In the research note, the firm Raises the price-target to $180.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 8, 2016, Jefferies said it Maintains its rating on FleetCor Technologies. In the research note, the firm Raises the price-target to $175.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, Oppenheimer said it Upgrades its rating on FleetCor Technologies. The shares have been rated ‘Outperform’ by the firm. On Aug 5, 2016, Barclays said it Maintains its rating on FleetCor Technologies. In the research note, the firm Raises the price-target to $160.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 5, 2016, Deutsche Bank said it Maintains its rating on FleetCor Technologies. In the research note, the firm Raises the price-target to $161.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, JP Morgan said it Maintains its rating on FleetCor Technologies. In the research note, the firm Raises the price-target to $159.00 per share. The shares have been rated ‘Overweight’ by the firm.

FleetCor Technologies (FLT) shares turned negative on Tuesdays trading session with the shares closing down -0.87 points or -0.52% at a volume of 6,99,207. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $169.8499. The peak price level was also seen at $169.8499 while the days lowest was $167.13. Finally the shares closed at $167.65. The 52-week high of the shares is $170.24 while the 52-week low is $107.56. According to the latest information available, the market cap of the company is $20,274 M.

FleetCor Technologies(FLT) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $395.60M. Analysts had an estimated revenue of $415.20M. Earnings per share were $1.56. Analysts had estimated an EPS of $1.54.

Several Insider Transactions has been reported to the SEC. On Sep 16, 2016, Todd House (President NA Card Products) sold 8,000 shares at $163.00 per share price.Also, On Sep 8, 2016, Armando Lins Netto (CEO Brazil) sold 16,003 shares at $167.75 per share price.On Sep 8, 2016, Joseph W Farrelly (director) sold 1,200 shares at $168.73 per share price, according to the Form-4 filing with the securities and exchange commission.

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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