FLEETCOR Technologies - FLT Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FLEETCOR Technologies in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FLT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FLT, but not buy additional shares or sell existing shares.
View FLT analyst ratings or view top-rated stocks.

11 brokerages have issued 1-year price objectives for FLEETCOR Technologies' shares. Their FLT share price forecasts range from $188.00 to $345.00. On average, they expect the company's stock price to reach $243.08 in the next twelve months. This suggests a possible upside of 31.8% from the stock's current price.
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FLEETCOR Technologies' stock was trading at $223.84 at the start of the year. Since then, FLT stock has decreased by 17.6% and is now trading at $184.37.
View the best growth stocks for 2022 here.

FLEETCOR Technologies saw a decline in short interest in October. As of October 31st, there was short interest totaling 1,160,000 shares, a decline of 12.1% from the October 15th total of 1,320,000 shares. Based on an average daily trading volume, of 657,700 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.6% of the company's shares are sold short.
View FLEETCOR Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our FLT earnings forecast.

FLEETCOR Technologies, Inc. (NYSE:FLT) released its earnings results on Wednesday, November, 3rd. The business services provider reported $3.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.32 by $0.20. The business services provider had revenue of $755.48 million for the quarter, compared to the consensus estimate of $738.56 million. FLEETCOR Technologies had a net margin of 28.51% and a trailing twelve-month return on equity of 42.85%. During the same quarter in the previous year, the firm earned $2.70 earnings per share.
Read the conference call transcript.

FLEETCOR Technologies updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $15.85-$16.05 for the period, compared to the consensus earnings per share estimate of $15.97. The company issued revenue guidance of $3.40 billion-$3.42 billion, compared to the consensus revenue estimate of $3.41 billion.

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.

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).

FLEETCOR Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "FLT."

FLEETCOR Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.14%), BlackRock Inc. (7.62%), State Street Corp (3.87%), Boston Partners (3.17%), Sustainable Growth Advisers LP (3.11%) and Price T Rowe Associates Inc. MD (2.42%). Insiders that own company stock include Alan King, Alexey Gavrilenya, Armando Lins Netto, Eric Dey and Jeffrey Steven Sloan.
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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.
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One share of FLT stock can currently be purchased for approximately $184.37.

FLEETCOR Technologies (NYSE:FLT) has a market capitalization of $13.60 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 $12.13 on an earnings per share basis.

The company employs 9,700 workers across the globe.

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.