NYSE:FLT

FLEETCOR Technologies - FLT Stock Forecast, Price & News

$232.35

+5.72 (+2.52%)

(As of 08/8/2022 09:45 AM ET)

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Today's Range: $230.21
▼
$232.61
50-Day Range: $205.42
▼
$249.48
52-Week Range: $200.78
▼
$282.02

Volume: 279 shs
Average Volume: 560,825 shs
Market Capitalization: $17.97 billion

P/E Ratio: 19.96
Dividend Yield: N/A
Price Target: $289.70

FLEETCOR Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 27.8% Upside
$289.70 Price Target
Short Interest: Healthy
1.07% of Float Sold Short
Dividend Strength: N/A
Sustainability: +0.19
Upright™ Environmental Score
News Sentiment: 0.16
Based on 22 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 14.46%
From $14.66 to $16.78 Per Share

Overall MarketRank^™

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

2.83 out of 5 stars

Business Services Sector

24th out of 431 stocks

Business Services, Not Elsewhere Classified Industry

9th out of 136 stocks

4.3

Analyst's Opinion

Consensus Rating
FLEETCOR Technologies has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $289.70, FLEETCOR Technologies has a forecasted upside of 27.8% from its current price of $226.63.
Amount of Analyst Coverage
FLEETCOR Technologies has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.07% 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 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in FLEETCOR Technologies has recently increased by 43.82%, indicating that investor sentiment is decreasing 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.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
FLEETCOR Technologies has received a 23.45% 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 0.19.

2.9

News and Social Media Coverage

News Sentiment
FLEETCOR Technologies has a news sentiment score of 0.16. 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 lower news sentiment than the 0.34 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 22 news articles for FLEETCOR Technologies this week, compared to 3 articles on an average week.
Search Interest
2 people have searched for FLT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
2 people have added FLEETCOR Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 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
97.44% of the stock of FLEETCOR Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for FLEETCOR Technologies are expected to grow by 14.46% in the coming year, from $14.66 to $16.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of FLEETCOR Technologies is 19.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.62.
Price to Earnings Ratio vs. Sector
The P/E ratio of FLEETCOR Technologies is 19.47, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 268.45.
Price to Earnings Growth Ratio
FLEETCOR Technologies has a PEG Ratio of 1.09. 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 6.42. 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. provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending. The company also provides employee expense management solutions, including fuel solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers; lodging solutions to businesses that have employees who travel overnight for work purposes, as well as to airlines and cruise lines to accommodate traveling crews and stranded passengers; and electronic toll payments solutions to businesses and consumers in the form of radio frequency identification tags affixed to vehicles' windshields. In addition, it offers gift card program management and processing services in plastic and digital forms that include card design, production and packaging, delivery and fulfillment, card and account management, transaction processing, promotion development and management, website design and hosting, program analytics, and card distribution channel management. Further, it provides other products consisting of payroll cards, vehicle maintenance service solution, long-haul transportation solution, prepaid food vouchers or cards, and prepaid transportation cards and vouchers. The company serves business, merchant, consumer, and payment network customers in North America, Brazil, and Internationally. The company was founded in 1986 and is headquartered in Atlanta, Georgia.

FLEETCOR Technologies Stock Up 1.6 %

FLEETCOR Technologies stock opened at $226.63 on Monday. The firm has a market cap of $17.53 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.02 and a beta of 1.22. FLEETCOR Technologies has a 52-week low of $200.78 and a 52-week high of $282.02. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.01 and a current ratio of 1.06. The firm has a 50 day moving average price of $222.57 and a two-hundred day moving average price of $233.75.

FLEETCOR Technologies (NYSE:FLT - Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The business services provider reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.08. FLEETCOR Technologies had a net margin of 29.27% and a return on equity of 38.86%. The business had revenue of $789.20 million during the quarter, compared to the consensus estimate of $756.56 million. During the same quarter last year, the firm posted $2.66 EPS. FLEETCOR Technologies's revenue was up 29.7% compared to the same quarter last year. Equities analysts predict that FLEETCOR Technologies will post 14.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FLT shares. Morgan Stanley reduced their price objective on FLEETCOR Technologies from $268.00 to $254.00 and set an "equal weight" rating for the company in a research note on Thursday. Royal Bank of Canada lowered their target price on shares of FLEETCOR Technologies from $300.00 to $265.00 and set a "sector perform" rating for the company in a research note on Thursday. Citigroup increased their price target on shares of FLEETCOR Technologies from $335.00 to $345.00 and gave the stock a "buy" rating in a report on Thursday, June 9th. Barclays lowered their price target on shares of FLEETCOR Technologies from $312.00 to $286.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 19th. Finally, Truist Financial decreased their price target on shares of FLEETCOR Technologies from $290.00 to $275.00 and set a "buy" rating on the stock in a report on Thursday, June 30th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, FLEETCOR Technologies has an average rating of "Moderate Buy" and a consensus target price of $289.70.

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FLT Stock News Headlines

August 8, 2022 | americanbankingnews.com

FLEETCOR Technologies (NYSE:FLT) Price Target Cut to $265.00 by Analysts at Royal Bank of Canada

August 6, 2022 | americanbankingnews.com

Morgan Stanley Lowers FLEETCOR Technologies (NYSE:FLT) Price Target to $254.00

August 4, 2022 | markets.businessinsider.com

8 Analysts Have This to Say About Fleetcor Technologies

August 4, 2022 | seekingalpha.com

FLEETCOR Technologies, Inc. (FLT) CEO Ron Clarke on Q2 2022 Results - Earnings Call Transcript

August 3, 2022 | finance.yahoo.com

FleetCor Technologies (FLT) Q2 Earnings and Revenues Surpass Estimates

August 3, 2022 | americanbankingnews.com

FLEETCOR Technologies, Inc. (NYSE:FLT) Receives $290.89 Consensus Price Target from Brokerages

July 30, 2022 | americanbankingnews.com

Mizuho Trims FLEETCOR Technologies (NYSE:FLT) Target Price to $250.00

July 28, 2022 | finance.yahoo.com

FLEETCOR (FLT) to Report Q2 Earnings: What's in the Offing?

July 28, 2022 | finance.yahoo.com

Wex (WEX) Beats Q2 Earnings and Revenue Estimates

July 28, 2022 | finance.yahoo.com

Earnings Preview: Envestnet (ENV) Q2 Earnings Expected to Decline

July 26, 2022 | finance.yahoo.com

FLEETCOR® Certified as a Most Loved Workplace

July 25, 2022 | americanbankingnews.com

FLEETCOR Technologies (NYSE:FLT) PT Lowered to $298.00 at Wells Fargo & Company

July 22, 2022 | americanbankingnews.com

FLEETCOR Technologies (NYSE:FLT) PT Lowered to $286.00 at Barclays

July 15, 2022 | finance.yahoo.com

FLEETCOR Technologies to Announce Second Quarter 2022 Results on August 3, 2022

July 13, 2022 | stocknews.com

3 Attractive Growth Stocks to Watch Right Now

July 8, 2022 | marketwatch.com

FleetCor Technologies Inc. stock underperforms Friday when compared to competitors despite daily gains

June 27, 2022 | finance.yahoo.com

FleetCor Technologies (FLT) Stock Jumps 3.6%: Will It Continue to Soar?

June 27, 2022 | finance.yahoo.com

FLEETCOR® Completes Credit Facility Extension and Upsizing

June 22, 2022 | finance.yahoo.com

Corpay Cross-Border Announced as FINA’s Official FX Payments Supplier

June 21, 2022 | finance.yahoo.com

Corpay Announces New Collaboration with PracBiz

June 9, 2022 | finance.yahoo.com

FLEETCOR® to Acquire UK-Based Cross-Border Business

June 7, 2022 | finance.yahoo.com

Corpay Announces New Sponsorship with England Polo

May 27, 2022 | nasdaq.com

Noteworthy Friday Option Activity: FLT, FB, MRNA

May 24, 2022 | markets.businessinsider.com

Wells Fargo Lists Its Picks In the Fintech Universe - See Which Stocks Made the Cut

May 20, 2022 | finance.yahoo.com

FleetCor's Charles Freund, Veritiv's Stephen Smith are finalists for CFO of the Year

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FLT Company Calendar

Last Earnings: 11/03/2021
Today: 8/08/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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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: 9,700
Year Founded: 2000

Price Target and Rating

Average Stock Price Forecast: $289.70
High Stock Price Forecast: $345.00
Low Stock Price Forecast: $254.00
Forecasted Upside/Downside: +24.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $11.64
Trailing P/E Ratio: 19.96
Forward P/E Ratio: 15.85
P/E Growth: 1.09
Net Income: $839.50 million
Net Margins: 29.27%
Pretax Margin: 38.93%
Return on Equity: 38.86%
Return on Assets: 8.10%

Debt

Debt-to-Equity Ratio: 1.77
Current Ratio: 1.06
Quick Ratio: 1.01

Sales & Book Value

Annual Sales: $2.83 billion
Price / Sales: 6.34
Cash Flow: $16.90 per share
Price / Cash Flow: 13.75
Book Value: $35.30 per share
Price / Book: 6.58

Miscellaneous

Outstanding Shares: 77,341,000
Free Float: 72,236,000
Market Cap: $17.97 billion
Optionable: Optionable
Beta: 1.22

Social Links

Key Executives

Mr. Ronald F. Clarke (Age 66)
Chairman, Pres & CEO
Comp: $2.37M
Mr. Charles Richard Freund (Age 49)
CFO & Company Sec.
Comp: $619.21k
Mr. John S. Coughlin (Age 54)
Sr. Advisor
Comp: $763.89k
Mr. Armando Lins Netto (Age 54)
Group Pres of Brazil
Comp: $917.03k
Ms. Alissa B. Vickery (Age 44)
Chief Accounting Officer and Sr. VP of Accounting & Controls
Mr. Scott A. Dufour (Age 53)
Chief Information Officer
Mr. James P. Eglseder
Head of Investor Relations
Mr. Daniel S. Fishbein (Age 48)
Gen. Counsel
Mr. Steve C. Greene
Exec. VP of Corp. Devel. & Strategy
Mr. Dan Csont
Chief Marketing Officer

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?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FLEETCOR Technologies in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FLEETCOR Technologies stock.
View analyst ratings for FLEETCOR Technologies or view top-rated stocks.
What is FLEETCOR Technologies' stock price forecast for 2022?: 10 brokerages have issued 1 year price targets for FLEETCOR Technologies' shares. Their FLT stock forecasts range from $254.00 to $345.00. On average, they predict FLEETCOR Technologies' share price to reach $289.70 in the next twelve months. This suggests a possible upside of 27.8% from the stock's current price.
View analysts' price targets for FLEETCOR Technologies or view top-rated stocks among Wall Street analysts.
How has FLEETCOR Technologies' stock price performed in 2022?: FLEETCOR Technologies' stock was trading at $223.84 at the start of the year. Since then, FLT shares have increased by 1.2% and is now trading at $226.63.
View the best growth stocks for 2022 here.
Are investors shorting FLEETCOR Technologies?: FLEETCOR Technologies saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 799,500 shares, an increase of 43.8% from the June 30th total of 555,900 shares. Based on an average daily volume of 577,100 shares, the short-interest ratio is currently 1.4 days. Currently, 1.1% of the shares of the company are sold short.
View FLEETCOR Technologies' Short Interest.
When is FLEETCOR Technologies' next earnings date?: FLEETCOR Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our earnings forecast for FLEETCOR Technologies.
How were FLEETCOR Technologies' earnings last quarter?: FLEETCOR Technologies, Inc. (NYSE:FLT) issued its quarterly earnings results on Wednesday, November, 3rd. The business services provider reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.20. The business services provider earned $755.48 million during the quarter, compared to analysts' expectations of $738.56 million. FLEETCOR Technologies had a net margin of 29.27% and a trailing twelve-month return on equity of 38.86%. During the same quarter in the prior year, the company earned $2.70 EPS.
Read FLEETCOR Technologies' conference call transcript.
How will FLEETCOR Technologies' stock buyback program work?: FLEETCOR Technologies announced that its board has authorized a share buyback program on Thursday, November 5th 2020, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.
What guidance has FLEETCOR Technologies issued on next quarter's earnings?: FLEETCOR Technologies updated its FY22 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share (EPS) guidance of $15.85-16.05 for the period, compared to the consensus EPS estimate of $15.68. The company issued revenue guidance of $3.38-3.42 billion, compared to the consensus revenue estimate of $3.37 billion.

What is Ron Clarke's approval rating as FLEETCOR Technologies' CEO?: 237 employees have rated FLEETCOR Technologies CEO Ron Clarke on Glassdoor.com. Ron Clarke has an approval rating of 78% among FLEETCOR Technologies' 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 Thompson Siegel & Walmsley LLC (0.48%), TD Asset Management Inc. (0.38%), Robeco Institutional Asset Management B.V. (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), TimesSquare Capital Management LLC (0.24%) and Wedge Capital Management L L P NC (0.24%). Company insiders that own FLEETCOR Technologies stock include Alan King, Alexey Gavrilenya, Armando Lins Netto, Eales John, Eric Dey, Garnsey Colette and Jeffrey Steven Sloan.
View institutional ownership trends for FLEETCOR Technologies.
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 $226.63.
How much money does FLEETCOR Technologies make?: FLEETCOR Technologies (NYSE:FLT) has a market capitalization of $17.53 billion and generates $2.83 billion in revenue each year. The business services provider earns $839.50 million in net income (profit) each year or $11.64 on an earnings per share basis.
How many employees does FLEETCOR Technologies have?: FLEETCOR Technologies employs 9,700 workers across the globe.
When was FLEETCOR Technologies founded?: FLEETCOR Technologies was founded in 2000.
How can I contact FLEETCOR Technologies?: FLEETCOR Technologies' mailing address is 3280 Peachtree Road Suite 2400, Atlanta GA, 30305. The official website for FLEETCOR Technologies 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 8/8/2022 by MarketBeat.com Staff

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FLEETCOR Technologies - FLT Stock Forecast, Price & News

FLEETCOR Technologies MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About FLEETCOR Technologies (NYSE:FLT) Stock

FLEETCOR Technologies Stock Up 1.6 %

Wall Street Analyst Weigh In

FLT Stock News Headlines

FLT Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

FLT Stock - Frequently Asked Questions

Should I buy or sell FLEETCOR Technologies stock right now?

What is FLEETCOR Technologies' stock price forecast for 2022?

How has FLEETCOR Technologies' stock price performed in 2022?

Are investors shorting FLEETCOR Technologies?

When is FLEETCOR Technologies' next earnings date?

How were FLEETCOR Technologies' earnings last quarter?

How will FLEETCOR Technologies' stock buyback program work?

What guidance has FLEETCOR Technologies issued on next quarter's earnings?

What is Ron Clarke's approval rating as FLEETCOR Technologies' CEO?

What other stocks do shareholders of FLEETCOR Technologies own?

What is FLEETCOR Technologies' stock symbol?

Who are FLEETCOR Technologies' major shareholders?

How do I buy shares of FLEETCOR Technologies?

What is FLEETCOR Technologies' stock price today?

How much money does FLEETCOR Technologies make?

How many employees does FLEETCOR Technologies have?

When was FLEETCOR Technologies founded?

How can I contact FLEETCOR Technologies?

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