SunTrust Robinson Humphrey Initiates Coverage on FleetCor Technologies to Buy

SunTrust Robinson Humphrey Initiates Coverage on FleetCor Technologies(NYSE:FLT). The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Jun 24, 2016.

In a different note, Compass Point said it Initiates Coverage on FleetCor Technologies, according to a research note issued on Apr 15, 2016. The shares have been rated ‘Neutral’ by the firm. Compass Point said it Initiates Coverage on FleetCor Technologies, according to a research note issued on Apr 15, 2016. The shares have been rated ‘Neutral’ by the firm.

FleetCor Technologies (FLT) made into the market gainers list on Wednesdays trading session with the shares advancing 2.80% or 3.9 points. Due to strong positive momentum, the stock ended at $143.13, which is also near the day’s high of $144.05. The stock began the session at $140 and the volume stood at 8,49,260 shares. The 52-week high of the shares is $164.61 and the 52 week low is $107.56. The company has a current market capitalization of $13,247 M and it has 9,25,51,028 shares in outstanding.

FleetCor Technologies(FLT) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $386.03M. Analysts had an estimated revenue of $417.78M. Earnings per share were $1.53. Analysts had estimated an EPS of $1.49.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Armando Lins Netto (CEO Brazil) sold 6,200 shares at $151.89 per share price.Also, On May 31, 2016, Charles Richard Freund (EVP Global Sales) sold 3,038 shares at $150.42 per share price.On May 31, 2016, Eric Dey (CFO & Secretary) sold 2,310 shares at $149.83 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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