Reaffirmed: Fleetcor Technologies (NYSE:FLT) Buy Rating Maintained by Analysts at Citigroup; $200 Target in Place

November 14, 2017 - By Winifred Garcia

 Reaffirmed: Fleetcor Technologies (NYSE:FLT) Buy Rating Maintained by Analysts at Citigroup; $200 Target in Place

Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.35, from 1.26 in 2017Q1. It fall, as 68 investors sold FleetCor Technologies, Inc. shares while 114 reduced holdings. 58 funds opened positions while 107 raised stakes. 88.52 million shares or 2.78% more from 86.13 million shares in 2017Q1 were reported.

Ubs Asset Americas holds 0% or 923,294 shares in its portfolio. Lazard Asset Management Limited Co stated it has 36,715 shares. Victory Capital Mgmt reported 532,881 shares stake. Point72 Asset Mngmt Limited Partnership owns 352,441 shares for 0.29% of their portfolio. Meridian Mngmt reported 0.59% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Wells Fargo & Mn holds 261,629 shares or 0.01% of its portfolio. Crescent Park Mngmt Limited Partnership reported 69,153 shares stake. Steadfast Mngmt Lp holds 5.41% in FleetCor Technologies, Inc. (NYSE:FLT) or 2.05M shares. National Bank & Trust Of Montreal Can has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). 3,006 were reported by Alps Incorporated. Shamrock Asset Mngmt Limited Liability reported 96 shares stake. 1,773 are owned by Livforsakringsbolaget Skandia Omsesidigt. Nationwide Fund Advisors holds 0.04% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 77,377 shares. Rhumbline Advisers reported 0.03% in FleetCor Technologies, Inc. (NYSE:FLT). Brandywine Managers Ltd Llc stated it has 0.17% in FleetCor Technologies, Inc. (NYSE:FLT).

Fleetcor Technologies (NYSE:FLT) Rating Reaffirmed

They currently have a $200 PT on Fleetcor Technologies (NYSE:FLT). The target price by Citigroup would suggest a potential upside of 10.55 % from the company’s close price. This has been revealed to investors in a research note on Thursday, 2 November.

Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.35, from 1.26 in 2017Q1. It fall, as 68 investors sold FleetCor Technologies, Inc. shares while 114 reduced holdings. 58 funds opened positions while 107 raised stakes. 88.52 million shares or 2.78% more from 86.13 million shares in 2017Q1 were reported.

Ubs Asset Americas holds 0% or 923,294 shares in its portfolio. Lazard Asset Management Limited Co stated it has 36,715 shares. Victory Capital Mgmt reported 532,881 shares stake. Point72 Asset Mngmt Limited Partnership owns 352,441 shares for 0.29% of their portfolio. Meridian Mngmt reported 0.59% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Wells Fargo & Mn holds 261,629 shares or 0.01% of its portfolio. Crescent Park Mngmt Limited Partnership reported 69,153 shares stake. Steadfast Mngmt Lp holds 5.41% in FleetCor Technologies, Inc. (NYSE:FLT) or 2.05M shares. National Bank & Trust Of Montreal Can has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). 3,006 were reported by Alps Incorporated. Shamrock Asset Mngmt Limited Liability reported 96 shares stake. 1,773 are owned by Livforsakringsbolaget Skandia Omsesidigt. Nationwide Fund Advisors holds 0.04% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 77,377 shares. Rhumbline Advisers reported 0.03% in FleetCor Technologies, Inc. (NYSE:FLT). Brandywine Managers Ltd Llc stated it has 0.17% in FleetCor Technologies, Inc. (NYSE:FLT).

FleetCor Technologies, Inc. (NYSE:FLT) Ratings Coverage

Among 16 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Fleetcor Technologies has $201.5000 highest and $75 lowest target. $174.90’s average target is -3.33% below currents $180.92 stock price. Fleetcor Technologies had 45 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, August 5 by Oppenheimer. The company was maintained on Thursday, November 2 by Citigroup. The rating was maintained by Keefe Bruyette & Woods on Monday, August 7 with “Buy”. The firm has “Neutral” rating given on Friday, August 14 by JP Morgan. Barclays Capital maintained the shares of FLT in report on Wednesday, September 21 with “Overweight” rating. As per Friday, June 24, the company rating was initiated by SunTrust. The firm has “Buy” rating given on Wednesday, September 20 by Oppenheimer. On Monday, September 14 the stock rating was initiated by Keefe Bruyette & Woods with “Outperform”. Jefferies maintained FleetCor Technologies, Inc. (NYSE:FLT) rating on Thursday, May 25. Jefferies has “Buy” rating and $197 target. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Neutral” rating given on Friday, April 15 by Compass Point.

About 71,463 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since November 14, 2016 and is downtrending. It has underperformed by 23.37% the S&P500.

Investors wait FleetCor Technologies, Inc. (NYSE:FLT) to report on February, 14. its quarterly earnings Wall Street analysts expect $2.14 earnings per share, up $0.36 or 20.22 % from last year’s $1.78 same quarter earnings. This translates into $191.62 million profit for FLT giving the stock a 21.14 P/E. This is assuming the current $2.14 EPS is accurate. FleetCor Technologies, Inc.’s Wall Street analysts see 6.47 % EPS growth, taking into account the $2.01 EPS reproted in the previous quarter,

FleetCor Technologies, Inc. is a provider of workforce payment products. The company has market cap of $16.20 billion. The Firm offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. It has a 30.76 P/E ratio. The Firm operates through two divisions: North America and International.

More recent FleetCor Technologies, Inc. (NYSE:FLT) news were published by: Businesswire.com which released: “Walmart Selects FLEETCOR as Fuel Payment Provider” on November 01, 2017. Also Nasdaq.com published the news titled: “FleetCor Technologies (FLT) in Focus: Stock Moves 11% Higher” on November 03, 2017. Streetinsider.com‘s news article titled: “Fleetcor Technologies, Inc. (FLT) Acquires Creative Lodging Solutions” with publication date: November 01, 2017 was also an interesting one.

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