Fleetmatics Group PLC (FLTX) Receives Analyst Rating

Fleetmatics Group PLC (FLTX) : 2 brokerage houses believe that Fleetmatics Group PLC (FLTX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Fleetmatics Group PLC (FLTX). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Hold with a rating of 2.71.

Fleetmatics Group PLC (FLTX) : Average target price received by Fleetmatics Group PLC (FLTX) is $53.22 with an expected standard deviation of $8.9. The most aggressive target on the stock is $60, whereas the most downbeat target is $36. 9 financial analysts are currently covering the stock.


Also, In a research note released to the investors, Citigroup maintains its rating on Fleetmatics Group PLC (NYSE:FLTX).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $45 per share to $60 per share. The rating by the firm was issued on August 9, 2016.

Fleetmatics Group PLC (NYSE:FLTX): The stock opened in the green at $59.97 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $60 and a low of $59.9 for the day. The stock did not find buyers even at the lows and closed at $59.91 recording a loss of -0.03%. 488,412 shares exchanged hands during the trading day. The stock had closed at $59.93 in the previous days trading.

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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