Citigroup Maintains FleetMatics Group PLC to Neutral with Price Target $60.00

Brokerage firm Citigroup Maintains its rating on FleetMatics Group PLC(NYSE:FLTX). In a research note issued to the investors, the brokerage major Raises the price-target to $60.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 9, 2016.

In a different note, On Aug 8, 2016, Citigroup said it Downgrades its rating on FleetMatics Group PLC. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 4, 2016, Barclays said it Downgrades its rating on FleetMatics Group PLC. In the research note, the firm Raises the price-target to $46.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 2, 2016, Imperial Capital said it Downgrades its rating on FleetMatics Group PLC. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘In-line’ by the firm. On Aug 2, 2016, Baird said it Downgrades its rating on FleetMatics Group PLC. The shares have been rated ‘Neutral’ by the firm. Morgan Stanley said it Initiates Coverage on FleetMatics Group PLC, according to a research note issued on Jun 29, 2016. The shares have been rated ‘Overweight’ by the firm. Baird said it Initiates Coverage on FleetMatics Group PLC, according to a research note issued on Jun 29, 2016. The shares have been rated ‘Outperform’ by the firm.

FleetMatics Group PLC (FLTX) made into the market gainers list on Wednesdays trading session with the shares advancing 0.10% or 0.06 points. Due to strong positive momentum, the stock ended at $59.38, which is also near the day’s high of $59.45. The stock began the session at $59.36 and the volume stood at 9,01,837 shares. The 52-week high of the shares is $62.86 and the 52 week low is $34.41. The company has a current market capitalization of $2,326 M and it has 3,91,66,957 shares in outstanding.

FleetMatics Group PLC(FLTX) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $81.08M. Analysts had an estimated revenue of $83.19M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Stephen J Lifshatz (Chief Financial Officer) sold 9,846 shares at $45.21 per share price.Also, On Apr 15, 2016, Brian Halligan (director) sold 500 shares at $35.42 per share price.On Oct 19, 2015, Peter John Mitchell (Chief Technology Officer) sold 4,819 shares at $53.47 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s solutions include fleet management and field service management. The Company’s 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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