NYSE:FLT

FLEETCOR Technologies (FLT) Stock Forecast, Price & News

$228.57

+2.02 (+0.89%)

(As of 03:27 PM ET)

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Today's Range: $225.77
▼
$229.91
50-Day Range: $199.76
▼
$237.70
52-Week Range: $161.69
▼
$250.28

Volume: 263,172 shs
Average Volume: 587,299 shs
Market Capitalization: $16.88 billion

P/E Ratio: 18.21
Dividend Yield: N/A
Price Target: $253.07

FLEETCOR Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.69 Rating Score
Upside/Downside: 10.4% Upside
$253.07 Price Target
Short Interest: Healthy
2.05% of Float Sold Short
Dividend Strength: N/A
Sustainability: +0.04
Upright™ Environmental Score
News Sentiment: 0.68
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.80%
From $15.89 to $18.40 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Business Services Sector

105th out of 684 stocks

Business Services, Not Elsewhere Classified Industry

35th out of 182 stocks

2.3

Analyst's Opinion

Consensus Rating
FLEETCOR Technologies has received a consensus rating of Buy. The company's average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $253.07, FLEETCOR Technologies has a forecasted upside of 10.4% from its current price of $229.18.
Amount of Analyst Coverage
FLEETCOR Technologies has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.05% of the float of FLEETCOR Technologies has been sold short.
Short Interest Ratio / Days to Cover
FLEETCOR Technologies has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in FLEETCOR Technologies has recently decreased by 14.97%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
FLEETCOR Technologies does not currently pay a dividend.
Dividend Growth
FLEETCOR Technologies does not have a long track record of dividend growth.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
FLEETCOR Technologies has received a 25.75% net impact score from Upright. FLEETCOR seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is driven by its "Electronic toll collection systems" and "Expenses management software" products. See details.
Environmental Sustainability
The Environmental Impact score for FLEETCOR Technologies is 0.04.

3.7

News and Social Media Coverage

News Sentiment
FLEETCOR Technologies has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for FLEETCOR Technologies this week, compared to 4 articles on an average week.
Search Interest
14 people have searched for FLT on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.
MarketBeat Follows
3 people have added FLEETCOR Technologies to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, FLEETCOR Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.60% of the stock of FLEETCOR Technologies is held by insiders.
Percentage Held by Institutions
90.49% of the stock of FLEETCOR Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for FLEETCOR Technologies are expected to grow by 15.80% in the coming year, from $15.89 to $18.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of FLEETCOR Technologies is 18.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.48.
Price to Earnings Ratio vs. Sector
The P/E ratio of FLEETCOR Technologies is 18.26, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 280.85.
Price to Earnings Growth Ratio
FLEETCOR Technologies has a PEG Ratio of 1.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
FLEETCOR Technologies has a P/B Ratio of 5.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About FLEETCOR Technologies (NYSE:FLT) Stock

FLEETCOR Technologies, Inc. engages in the provision of digital payment solutions that enables businesses to control purchases and make payments. It operates through the following geographical segments: North America, International, and Brazil. The company was founded by William Boatner Reily III and Ronald F. Clarke in 1985 and is headquartered in Atlanta, GA.

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FLT Stock News Headlines

May 31, 2023 | markets.businessinsider.com

Jefferies Remains a Buy on Fleetcor Technologies (FLT)

May 30, 2023 | msn.com

Fleetcor exploring sale of its prepaid card business - report

June 1, 2023 | Edge On The Street (Ad)

Graphite versus Lithium - What Investors Should Know

Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.

May 30, 2023 | americanbankingnews.com

FLEETCOR Technologies, Inc. (NYSE:FLT) Receives $253.07 Average Price Target from Analysts

May 21, 2023 | markets.businessinsider.com

Robert W. Baird Reaffirms Their Buy Rating on Fleetcor Technologies (FLT)

May 18, 2023 | msn.com

5 Financial Transaction Stocks to Watch as Digitization Gains Pace

May 18, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on FLEETCOR Technologies (NYSE:FLT)

May 11, 2023 | finance.yahoo.com

Corpay Cross-Border Announced as World Triathlon’s Official Foreign Exchange Payments Supplier

June 1, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.

May 10, 2023 | americanbankingnews.com

FLEETCOR Technologies (NYSE:FLT) PT Raised to $270.00 at Barclays

May 9, 2023 | finance.yahoo.com

Corpay Announces New Collaboration with Sunflower Bank, N.A.

May 9, 2023 | americanbankingnews.com

FLEETCOR Technologies (NYSE:FLT) Price Target Raised to $230.00 at Mizuho

May 9, 2023 | msn.com

Mizuho Maintains Fleetcor Technologies (FLT) Neutral Recommendation

May 6, 2023 | americanbankingnews.com

FLEETCOR Technologies (NYSE:FLT) Shares Gap Up on Strong Earnings

May 4, 2023 | msn.com

Morgan Stanley Maintains Fleetcor Technologies (FLT) Equal-Weight Recommendation

May 4, 2023 | msn.com

RBC Capital Reiterates Fleetcor Technologies (FLT) Sector Perform Recommendation

May 4, 2023 | finance.yahoo.com

FLEETCOR (FLT) Q1 Revenues and Earnings Surpass Estimates

May 4, 2023 | finance.yahoo.com

Q1 2023 Fleetcor Technologies Inc Earnings Call

May 4, 2023 | americanbankingnews.com

FLEETCOR Technologies (NYSE:FLT) PT Raised to $245.00 at Wells Fargo & Company

May 4, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Services Stocks: Fleetcor Technologies (FLT) and Aristocrat Leisure Limited (OtherARLUF)

May 3, 2023 | markets.businessinsider.com

FleetCor Technologies, Inc. Q1 Profit Beats Estimates

May 3, 2023 | finance.yahoo.com

FLEETCOR Reports First Quarter 2023 Financial Results

May 3, 2023 | americanbankingnews.com

Brokerages Set FLEETCOR Technologies, Inc. (NYSE:FLT) Target Price at $250.21

May 1, 2023 | americanbankingnews.com

Short Interest in FLEETCOR Technologies, Inc. (NYSE:FLT) Grows By 9.0%

April 26, 2023 | americanbankingnews.com

FLEETCOR Technologies (FLT) Set to Announce Quarterly Earnings on Wednesday

April 25, 2023 | finance.yahoo.com

Visa (V) Q2 Earnings and Revenues Beat Estimates

April 21, 2023 | finance.yahoo.com

FLEETCOR Technologies to Announce First Quarter 2023 Results on May 3, 2023

See More Headlines

FLT Price History

30 days | 90 days | 365 days | Advanced Chart

FLT Company Calendar

Last Earnings: 5/03/2023
Today: 6/01/2023
Next Earnings (Estimated): 8/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Business services, not elsewhere classified
Sub-Industry: Data Processing & Outsourced Services
Sector: Business Services
Current Symbol: NYSE:FLT
CUSIP: 33904110
CIK: 1175454
Web: www.fleetcor.com
Phone: (770) 449-0479
Fax: 770-449-3471
Employees: 9,900
Year Founded: 2000

Price Target and Rating

Average Stock Price Forecast: $253.07
High Stock Price Forecast: $345.00
Low Stock Price Forecast: $205.00
Forecasted Upside/Downside: +11.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.69
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $12.55
Trailing P/E Ratio: 18.05
Forward P/E Ratio: 14.26
P/E Growth: 1.19
Net Income: $954.33 million
Net Margins: 26.88%
Pretax Margin: 36.05%
Return on Equity: 44.25%
Return on Assets: 7.90%

Debt

Debt-to-Equity Ratio: 1.63
Current Ratio: 1.03
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $3.43 billion
Price / Sales: 4.88
Cash Flow: $19.68 per share
Price / Cash Flow: 11.51
Book Value: $39.03 per share
Price / Book: 5.80

Miscellaneous

Outstanding Shares: 73,830,000
Free Float: 68,961,000
Market Cap: $16.73 billion
Optionable: Optionable
Beta: 1.20

Social Links

Key Executives

Ronald F. Clarke
Chairman, President & Chief Executive Officer

Brian Radin
President-Comdata Prepaid

Tom Panther
Chief Financial Officer

Scott A. duFour
Global Chief Information Officer

Daniel Fishbein
Senior Vice President & General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FLT Stock - Frequently Asked Questions

Should I buy or sell FLEETCOR Technologies stock right now?: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FLEETCOR Technologies in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FLT shares.
View FLT analyst ratings or view top-rated stocks.
What is FLEETCOR Technologies' stock price forecast for 2023?: 13 Wall Street research analysts have issued twelve-month price objectives for FLEETCOR Technologies' shares. Their FLT share price forecasts range from $205.00 to $345.00. On average, they anticipate the company's stock price to reach $253.07 in the next year. This suggests a possible upside of 11.7% from the stock's current price.
View analysts price targets for FLT or view top-rated stocks among Wall Street analysts.
How have FLT shares performed in 2023?: FLEETCOR Technologies' stock was trading at $183.68 at the start of the year. Since then, FLT shares have increased by 23.3% and is now trading at $226.55.
View the best growth stocks for 2023 here.
Are investors shorting FLEETCOR Technologies?: FLEETCOR Technologies saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,420,000 shares, a decrease of 15.0% from the April 30th total of 1,670,000 shares. Based on an average trading volume of 634,400 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.1% of the shares of the stock are short sold.
View FLEETCOR Technologies' Short Interest.
When is FLEETCOR Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our FLT earnings forecast.
How were FLEETCOR Technologies' earnings last quarter?: FLEETCOR Technologies, Inc. (NYSE:FLT) posted its quarterly earnings results on Wednesday, May, 3rd. The business services provider reported $3.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.69 by $0.11. The business services provider had revenue of $901.30 million for the quarter, compared to analyst estimates of $881.03 million. FLEETCOR Technologies had a net margin of 26.88% and a trailing twelve-month return on equity of 44.25%. The firm's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.35 earnings per share.
Read the conference call transcript.
What ETFs hold FLEETCOR Technologies' stock?: ETFs with the largest weight of FLEETCOR Technologies (NYSE:FLT) stock in their portfolio include ETFMG Prime Mobile Payments ETF (IPAY), Democratic Large Cap Core ETF (DEMZ), Fidelity Crypto Industry and Digital Payments ETF (FDIG), Proshares Equities For Rising Rates ETF (EQRR), Invesco S&P 500 Equal Weight Financials ETF (RYF), Invesco Zacks Mid-Cap ETF (CZA), ERShares Entrepreneurs ETF (ENTR) and WisdomTree U.S. Quality Shareholder Yield Fund (QSY).
What guidance has FLEETCOR Technologies issued on next quarter's earnings?: FLEETCOR Technologies issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $4.02-$4.22 for the period, compared to the consensus estimate of $4.21. The company issued revenue guidance of $930.00 million-$950.00 million, compared to the consensus revenue estimate of $942.82 million.

What is Ron Clarke's approval rating as FLEETCOR Technologies' CEO?: 237 employees have rated FLEETCOR Technologies Chief Executive Officer Ron Clarke on Glassdoor.com. Ron Clarke has an approval rating of 78% among the company's employees.
What other stocks do shareholders of FLEETCOR Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other FLEETCOR Technologies investors own include Netflix (NFLX), NVIDIA (NVDA), Walt Disney (DIS), Broadcom (AVGO), Adobe (ADBE), Boeing (BA), Mastercard (MA), Alibaba Group (BABA), Costco Wholesale (COST) and Gilead Sciences (GILD).
What is FLEETCOR Technologies' stock symbol?: FLEETCOR Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "FLT."
Who are FLEETCOR Technologies' major shareholders?: FLEETCOR Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.31%), Orbis Allan Gray Ltd (6.89%), Wellington Management Group LLP (6.07%), JPMorgan Chase & Co. (5.04%), Price T Rowe Associates Inc. MD (4.46%) and Boston Partners (4.18%). Insiders that own company stock include Alan King, Alexey Gavrilenya and Eric Dey.
View institutional ownership trends.
How do I buy shares of FLEETCOR Technologies?: Shares of FLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is FLEETCOR Technologies' stock price today?: One share of FLT stock can currently be purchased for approximately $226.55.
How much money does FLEETCOR Technologies make?: FLEETCOR Technologies (NYSE:FLT) has a market capitalization of $16.73 billion and generates $3.43 billion in revenue each year. The business services provider earns $954.33 million in net income (profit) each year or $12.55 on an earnings per share basis.
How many employees does FLEETCOR Technologies have?: The company employs 9,900 workers across the globe.
Does FLEETCOR Technologies have any subsidiaries?: The following companies are subsidiares of FLEETCOR Technologies: AFEX, AFEX Global Holdings Limited, AFEX Markets Europe Limited, AFEX Markets PLC, AFEX Offshore Limited, ALE, ALE Solutions Inc., Abbey Euro Diesel Limited, Allstar Business Solutions, Allstar Business Solutions Limited, Associated Foreign Exchange (Schweiz) AG, Associated Foreign Exchange (Singapore) Pte Ltd., Associated Foreign Exchange Australia PTY Ltd., Associated Foreign Exchange Holdings Inc, Associated Foreign Exchange Inc., Associated Foreign Exchange Ireland Limtied, Associated Foreign Exchange Limited, Associated Foreign Exchange ULC, Auto Expresso Technologia S.A., Business Fuel Cards Pty Limited, Buyatab Online Inc, CCS Ceska spolecnost pro platebni karty sro, CCS Slovenska společnost pro platebne karty sro, CFN Holding Co., CGMP Centro de Gestao de Meios de Pagamentos Ltda., CH Jones Limited, CLC Group, CLC Group Inc., CTF, CTF Technologies (Canada) ULC, CTF Technologies Do Brasil Ltda., Cambridge, Cambridge Mercantile (Australia) Pty Ltd., Cambridge Mercantile Corp. (Canada), Cambridge Mercantile Corp. (U.K.) Ltd., Cambridge Mercantile Corp. (USA), Cambridge Mercantile Risk Management (U.K.) Ltd., CardLink, Cardlink Systems Limited, Comdata, Comdata Inc., Comdata LA LLC, Comdata Network Inc. of California, Comdata TN Inc., Corpay, Corpay One ApS, Corpay One Inc., Corporate Lodging Consultants Inc., Creative Lodging Solutions LLC, Crew Transportation Specialists Inc., CrewzIT LLC, DB, Efectivale S. de R.L. de C.V., Efectivale Servicios S. de R.L. de C.V., Epyx, Epyx France SAS, Epyx Limited, FCHC Holding Company LLC, FleetCor Belgium Société Privée à Responsabilité Limitée, FleetCor Commercial Card Management (Canada) Ltd., FleetCor Czech Republic sro, FleetCor Deutschland GmbH, FleetCor Europe Limited, FleetCor Fuel Cards (Europe) Ltd, FleetCor Fuel Cards LLC, FleetCor Funding LLC (SPV), FleetCor Hungary kft., FleetCor Jersey Holding Limited, FleetCor Luxembourg Holding 1, FleetCor Luxembourg Holding 2, FleetCor Solvakia s.r.o, FleetCor Sp. z.o.o., FleetCor Tankkarten GmbH, FleetCor Technologies Inc., FleetCor Technologies Mexico S. de R.L. de C.V., FleetCor Technologies New Zealand Limited, FleetCor Technologies Operating Company - CFN Holding S.e.n.c., FleetCor Technologies Operating Company LLC, FleetCor Technologieën B.V., FleetCor UK Acquisition Limited, FleetCor UK International Management Limited – f/k/a Intercity Fuels Limited, Fleetcor UK Finance Holdings 1 LLC, Fuelcards UK Limited, Global Processing Companies Rus Limited Liability Company, Group Achamps Ltd., Hotel Connect PTE LTD., Hotel Connections SDN BHD, Hotel Connections of Japan GK (fka: Hotel Connections of Japan GK), ICP, Kiwi Fuel Cards Limited, LLC "Eltop", LLC "NCT Software", LLC "OILCARD", LLC "STC" Petrol Plus", LLC "TD NCT", LLC Petrol Plus Cards Asia, LLC Petrol Plus Cards Ukraine, LLC TD Smart-Technologies, LLC “Avto Kart neft”, LLC “Peredovie Plateznie Resheniya" (LLC "PPR"), LR2 LLC, Lynked Solutions Pty Ltd., Mannatec Inc., Mazi Holding Ltda, Mina Digital Limited, NexTraq, NvoicePay, Nvoicepay Inc., OXON, P97 Networks Inc., PT AFEX Indonesia, Pacific Pride Services LLC, Petrol Plus Region, Quadrum Investments Group Limited, R2C Online Holdings Limited, R2C Online Limited, ReD, Red Fuel Cards (Europe), Roger, Roomstorm LLC, SOLE, STP, Sem Parar Credit Rights Investment Fund ("FIDC"), Shanghai Stored Value Solutions Information Technology Co. Ltd., Skylark Innovations LLC, Stored Value Solutions Canada Ltd., Stored Value Solutions France SAS, Stored Value Solutions GmbH, Stored Value Solutions Hong Kong Limited, Stored Value Solutions International B.V., Stored Value Solutions UK Limited, TA Connections AU Pty Ltd, TA Connections Brasil Servicos de Viagens Ltda. (fka: Travelliance Brasil Servicos de Viagens Ltda.), TA Connections DE LLC, TA Connections IL LLC, TA Connections MN LLC (fka: LJK Companies LLC), TA Connections MX S.de R.L.de C.V. (fka: Travelliance S. de RL de CV), TA Connections UK Ltd. (fka: Travelliance Global Ltd.), The Fuelcard Company UK Ltd, Transit Card Int’l Polska Sp. z.o.o., TravelCard B.V., Travelliance, UAB “Transit Card International”, VB, VB – SERVIÇIOS COMÉRCIO E ADMINISTRAÇÃO LTDA, Venturo Fleet Solutions Company Limited, Venturo Technologien Swiss GmbH, and Venturo Technologies S.à r.l..
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How can I contact FLEETCOR Technologies?: FLEETCOR Technologies' mailing address is 3280 Peachtree Road Suite 2400, Atlanta GA, 30305. The official website for the company is www.fleetcor.com. The business services provider can be reached via phone at (770) 449-0479, via email at investor@fleetcor.com, or via fax at 770-449-3471.

This page (NYSE:FLT) was last updated on 6/1/2023 by MarketBeat.com Staff

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