FleetCor Technologies (NYSE:FLT) Upgraded to "Buy" by Zacks Investment Research

Lloyd Doyle
January 18, 2018

The Farr Miller & Washington Llc holds 188,337 shares with $26.77 million value, down from 190,656 last quarter. Vanguard Group Inc. increased its stake in shares of FleetCor Technologies by 6.7% during the second quarter. Closing price generally refers to the last price at which a stock trades during a regular trading session. About 290,778 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since January 18, 2017 and is downtrending. It has underperformed by 23.37% the S&P500. The stock has a market cap of $18,220.00, a PE ratio of 34.59, a P/E/G ratio of 1.27 and a beta of 1.53. During the same quarter in the previous year, the firm earned $1.92 earnings per share. The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction. The stock decreased 2.50% or $0.44 during the last trading session, reaching $17.19. The shares were sold at an average price of $170.00, for a total value of $1,206,830.00. Enel Américas S.A. (NYSE:ENIA) has risen 18.29% since January 18, 2017 and is uptrending. It has outperformed by 5.34% the S&P500.

The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. They expect $0.09 earnings per share, up 28.57% or $0.02 from last year's $0.07 per share. FLT's profit will be $191.66 million for 23.76 P/E if the $2.14 EPS becomes a reality. After $-0.14 actual earnings per share reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -164.29% EPS growth. If the ratio is greater than 1, then that means there has been an increase in price over the month. Its up 0.36, from 0.91 in 2017Q2. It is positive, as 26 investors sold FLT shares while 99 reduced holdings. 39 funds opened positions while 120 raised stakes. 500.82 million shares or 2.15% less from 511.81 million shares in 2017Q2 were reported. Commonwealth Bank of Australia increased its position in FleetCor Technologies by 13.0% in the 2nd quarter. Oppenheimer Incorporated has 0.01% invested in FleetCor Technologies, Inc. Hollencrest Secs Limited Liability Corp stated it has 0.05% of its portfolio in PIMCO Municipal Income Fund II (NYSE:PML). Cap Ww Investors has 842,000 shares for 0.03% of their portfolio. (NYSE:NRZ) for 513,327 shares. (NYSE:FLT). Fulton National Bank Na owns 1,347 shares. Mitsubishi Ufj And Corporation owns 181,465 shares or 0.05% of their United States portfolio. It also upped Cvs Health Corp (NYSE:CVS) stake by 4,640 shares and now owns 437,664 shares. BlackRock Institutional Trust Company N.A. now owns 2,084,109 shares of the company's stock worth $298,299,000 after buying an additional 57,361 shares during the last quarter. (NYSE:NRZ) for 50,591 shares. The MF Rank of FleetCor Technologies, Inc. The share last price represents downtick move of -1.36% in value from company's 52-Week high price and shows 67.38% above change in value from its 52-Week low price. Bp Plc reported 30,000 shares stake. (NASDAQ:ACIA). The circumstantial evidence specially high/lower types of ownership has a vital gauge for investing research process and it should be done carefully, as rather than offering help in finding value; it can sometimes give false signals and lead an investor astray. The number of shares now owned by investors are 23.88 mln. Wellington Mngmt Group Ltd Liability Partnership accumulated 0.14% or 4.03 million shares. Evercore Wealth Mgmt invested in 300 shares or 0% of the stock.


Farr Miller & Washington Llc increased Schlumberger Ltd (NYSE:SLB) stake by 6,420 shares to 291,184 valued at $20.31M in 2017Q3. Zacks Investment Research raised FleetCor Technologies from a "hold" rating to a "strong-buy" rating and set a $197.00 target price on the stock in a research report on Tuesday, October 4th.

FLT has been the topic of a number of research analyst reports. The stock presently has an average rating of "Buy" and an average target price of $175.87. The rating was maintained by Keefe Bruyette & Woods on Monday, August 7 with "Buy". As per Friday, September 9, the company rating was reinitiated by Piper Jaffray. As per Monday, January 8, the company rating was upgraded by Morgan Stanley. Keefe Bruyette & Woods maintained it with "Outperform" rating and $147 target in Wednesday, February 3 report. The stock of New Residential Investment Corp. The company was maintained on Wednesday, August 19 by Oppenheimer. (NYSE:NRZ) earned "Neutral" rating by Wedbush on Tuesday, June 20. Therefore 33% are positive. FleetCor Technologies's revenue for the quarter was up 19.3% on a year-over-year basis. analysts anticipate that FleetCor Technologies, Inc. will post 7.76 EPS for the current fiscal year. On Friday, December 11 the stock rating was initiated by Credit Suisse with "Neutral". The ERP5 of FleetCor Technologies, Inc. (NYSE:FLT) for 31 shares. The firm now has a "neutral" rating on the business services provider's stock. As per Thursday, November 2, the company rating was maintained by Citigroup. Commonwealth Bank of Australia boosted its holdings in FleetCor Technologies by 13.0% in the 2nd quarter. Finally, Morgan Stanley upped their target price on shares of FleetCor Technologies from $189.00 to $194.00 and gave the company an "overweight" rating in a research note on Thursday, November 2nd. Finally, Oppenheimer increased their target price on shares of FleetCor Technologies from $185.00 to $194.00 and gave the company an "outperform" rating in a report on Thursday, November 2nd. Brean Capital maintained the stock with "Buy" rating in Wednesday, August 24 report.

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