Barclays Lowers FLEETCOR Technologies (NYSE:FLT) Worth Target To $266.00 – ETF Every Day News
FLEETCOR Technologies (NYSE:FLT – Get Score) had its value goal dropped by Barclays from $290.00 to $266.00 in a analysis report issued to shoppers and traders on Sunday, The Fly reviews. The firm presently has an “overweight” rating on the business companies provider’s stock. Barclays‘s goal worth would point out a potential upside of 47.51% from the company’s present value.
FLT has been the subject of several other analysis studies. Wells Fargo & Company decreased their price target on FLEETCOR Applied sciences from $298.00 to $274.00 and set an “overweight” rating on the stock in a analysis note on Thursday, September 8th. Robert W. Baird dropped their value goal on FLEETCOR Technologies from $250.00 to $220.00 and set a “neutral” rating for the corporate in a report on Monday, September 26th. Financial institution of America downgraded FLEETCOR Technologies from a “buy” rating to a “neutral” score and dropped their value objective for the inventory from $278.00 to $203.00 in a report on Thursday, October twentieth. Morgan Stanley decreased their price goal on shares of FLEETCOR Technologies from $196.00 to $188.00 and set an “equal weight” rating for the corporate in a research report on Thursday, November third. Finally, StockNews.com started coverage on shares of FLEETCOR Applied sciences in a research report on Wednesday, October twelfth. They issued a “hold” rating for the corporate. Seven research analysts have rated the stock with a hold ranking and five have given a buy rating to the company’s inventory. In keeping with MarketBeat.com, FLEETCOR Applied sciences has a mean rating of “Hold” and a consensus worth goal of $246.08.
FLEETCOR Technologies Inventory Performance
Shares of FLT stock opened at $180.33 on Friday. FLEETCOR Applied sciences has a 52-week low of $161.69 and a 52-week excessive of $265.30. The stock’s 50-day moving average worth is $188.Seventy four and its 200 day transferring average price is $214.12. The stock has a market capitalization of $13.53 billion, a PE ratio of 14.87, a worth-to-earnings-progress ratio of 0.85 and a beta of 1.22. The corporate has a fast ratio of 1.06, a current ratio of 0.Ninety nine and a debt-to-fairness ratio of 2.13.
Insiders Place Their Bets
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In associated information, insider Alan King offered 1,379 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was offered at a mean price of $223.38, for a complete transaction of $308,041.02. Following the completion of the transaction, the insider now owns 9,250 shares of the company’s stock, valued at roughly $2,066,265. The transaction was disclosed in a legal filing with the Securities & Trade Fee, which is available by the SEC webpage. Insiders personal 6.60% of the company’s inventory.
Institutional Traders Weigh In On FLEETCOR Applied sciences
Several large buyers have recently modified their holdings of the stock. Marshall Financial Group LLC grew its stake in shares of FLEETCOR Technologies by 1.3% in the 1st quarter. Marshall Monetary Group LLC now owns 4,133 shares of The Sunset News enterprise providers provider’s stock valued at $1,029,000 after purchasing a further fifty two shares in the course of the period. Cetera Investment Advisers lifted its holdings in FLEETCOR Applied sciences by 3.1% throughout the first quarter. Cetera Funding Advisers now owns 1,832 shares of the business companies provider’s stock value $456,000 after shopping for an additional fifty five shares within the last quarter. Fulton Bank N.A. lifted its holdings in FLEETCOR Technologies by 4.5% through the 2nd quarter. Fulton Financial institution N.A. now owns 1,312 shares of the business companies provider’s stock price $275,000 after shopping for a further 57 shares in the last quarter. Kestra Personal Wealth Companies LLC lifted its holdings in FLEETCOR Technologies by 4.0% throughout the first quarter. Kestra Non-public Wealth Services LLC now owns 1,579 shares of the enterprise companies provider’s stock price $393,000 after shopping for an extra sixty one shares in the final quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of FLEETCOR Technologies by 3.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,962 shares of the business providers provider’s stock valued at $412,000 after purchasing an additional 65 shares in the course of the period. 91.52% of the stock is currently owned by institutional investors.
FLEETCOR Applied sciences Company Profile
(Get Score)
FLEETCOR Applied sciences, Inc gives digital payment options for companies to control purchases and make funds. It gives corporate funds options, such as accounts payable automation; Digital Card, which supplies a single-use card number for a particular amount usable within an outlined timeframe; Cross-Border that is utilized by its prospects to pay international distributors, international office and personnel bills, capital expenditures, and profit repatriation and dividends; and buying playing cards and travel and entertainment playing cards for its customers to research and manage their corporate spending.
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