NYSE:FLT

FLEETCOR Technologies - FLT Stock Forecast, Price & News

$193.60

-2.68 (-1.37%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $191.06
▼
$194.32
50-Day Range: $164.00
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$199.80
52-Week Range: $161.69
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$265.30

Volume: 425,197 shs
Average Volume: 584,192 shs
Market Capitalization: $14.28 billion

P/E Ratio: 15.96
Dividend Yield: N/A
Price Target: $243.08

FLEETCOR Technologies MarketRank™ Forecast

Analyst Rating: Hold
2.45 Rating Score
Upside/Downside: 25.6% Upside
$243.08 Price Target
Short Interest: Healthy
1.47% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.02
Upright™ Environmental Score
News Sentiment: 0.52
Based on 4 Articles This Week
Insider Trading: Selling Shares
$308,041 Sold Last Quarter
Proj. Earnings Growth: 10.94%
From $14.72 to $16.33 Per Share

Overall MarketRank^™

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

3.28 out of 5 stars

Business Services Sector

14th out of 330 stocks

Business Services, Not Elsewhere Classified Industry

8th out of 96 stocks

4.2

Analyst's Opinion

Consensus Rating
FLEETCOR Technologies has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 5 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $243.08, FLEETCOR Technologies has a forecasted upside of 25.6% from its current price of $193.60.
Amount of Analyst Coverage
FLEETCOR Technologies has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.47% 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 1.6, 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 9.48%, 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.

2.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
FLEETCOR Technologies has received a 17.89% 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 -0.02.

2.5

News and Social Media Coverage

News Sentiment
FLEETCOR Technologies has a news sentiment score of 0.52. 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 news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for FLEETCOR Technologies this week, compared to 3 articles on an average week.
Search Interest
Only 4 people have searched for FLT on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
MarketBeat Follows
6 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.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, FLEETCOR Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $308,041.00 in company stock.
Percentage Held by Insiders
Only 6.60% of the stock of FLEETCOR Technologies is held by insiders.
Percentage Held by Institutions
91.52% of the stock of FLEETCOR Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for FLEETCOR Technologies are expected to grow by 10.94% in the coming year, from $14.72 to $16.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of FLEETCOR Technologies is 15.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of FLEETCOR Technologies is 15.96, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 242.94.
Price to Earnings Growth Ratio
FLEETCOR Technologies has a PEG Ratio of 0.82. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
FLEETCOR Technologies has a P/B Ratio of 6.41. 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.

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FLT Stock News Headlines

December 2, 2022 | finance.yahoo.com

FleetCor Technologies (FLT) Up 12.7% Since Last Earnings Report: Can It Continue?

December 2, 2022 | markets.businessinsider.com

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

November 29, 2022 | finance.yahoo.com

Corpay Cross-Border Announced as World Table Tennis’s Official Global FX Payments Supplier

November 22, 2022 | finance.yahoo.com

Corpay Cross-Border Announced as World Baseball Softball Confederation’s Official Global FX Payments Provider

November 10, 2022 | finance.yahoo.com

FLEETCOR Technologies Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS In Line

November 4, 2022 | markets.businessinsider.com

Analysts Offer Insights on Services Companies: Fleetcor Technologies (FLT) and Mednax (MD)

November 4, 2022 | finance.yahoo.com

FLEETCOR (FLT) Q3 Earnings and Revenues Surpass Estimates

November 2, 2022 | seekingalpha.com

FLEETCOR Technologies, Inc. (FLT) Q3 2022 Earnings Call Transcript

November 2, 2022 | finance.yahoo.com

FLEETCOR Reports Third Quarter 2022 Financial Results

November 1, 2022 | finance.yahoo.com

Fullsteam hires Charles Freund as Chief Financial Officer

October 31, 2022 | finance.yahoo.com

An Intrinsic Calculation For FLEETCOR Technologies, Inc. (NYSE:FLT) Suggests It's 48% Undervalued

October 28, 2022 | finance.yahoo.com

Here’s Why FLEETCOR Technologies (FLT) Declined in the Third Quarter

October 24, 2022 | finance.yahoo.com

FLEETCOR Technologies to Announce Third Quarter 2022 Results on November 2, 2022

October 20, 2022 | finance.yahoo.com

FLEETCOR® to Acquire European Workforce Lodging Business

October 14, 2022 | nasdaq.com

FleetCor Technologies Enters Oversold Territory (FLT)

October 13, 2022 | markets.businessinsider.com

What 11 Analyst Ratings Have To Say About Fleetcor Technologies

October 11, 2022 | finance.yahoo.com

Corpay Cross-Border Announces New Collaboration with Greenbackers Investment Capital

September 7, 2022 | finance.yahoo.com

FLEETCOR® Signs ExxonMobil Relationship

September 6, 2022 | seekingalpha.com

FleetCor Technologies announce acquisition, investment in European EV assets

August 30, 2022 | nasdaq.com

Interesting FLT Put And Call Options For October 21st

August 27, 2022 | fool.com

FleetCor Technologies (NYSE: FLT)

August 24, 2022 | finance.yahoo.com

FLEETCOR to Participate at the Deutsche Bank 2022 Technology Conference

August 12, 2022 | finance.yahoo.com

Payments Billionaire Found to Have Knowingly Deceived Customers

August 9, 2022 | finance.yahoo.com

ALE Solutions Appoints Albert Novak Company President

August 4, 2022 | markets.businessinsider.com

8 Analysts Have This to Say About Fleetcor Technologies

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FLT Company Calendar

Last Earnings: 11/03/2021
Today: 12/02/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/14/2023

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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: 9,700
Year Founded: 2000

Price Target and Rating

Average Stock Price Forecast: $243.08
High Stock Price Forecast: $345.00
Low Stock Price Forecast: $188.00
Forecasted Upside/Downside: +25.6%
Consensus Rating: Hold
Rating Score (0-4): 2.45
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $12.13
Trailing P/E Ratio: 15.96
Forward P/E Ratio: 13.15
P/E Growth: 0.82
Net Income: $839.50 million
Net Margins: 28.51%
Pretax Margin: 38.28%
Return on Equity: 42.85%
Return on Assets: 8.06%

Debt

Debt-to-Equity Ratio: 2.13
Current Ratio: 0.99
Quick Ratio: 0.99

Sales & Book Value

Annual Sales: $2.83 billion
Price / Sales: 5.04
Cash Flow: $16.27 per share
Price / Cash Flow: 11.90
Book Value: $30.20 per share
Price / Book: 6.41

Miscellaneous

Outstanding Shares: 73,752,000
Free Float: 68,884,000
Market Cap: $14.28 billion
Optionable: Optionable
Beta: 1.21

Social Links

Key Executives

Mr. Ronald F. Clarke (Age 66)
Chairman, Pres & CEO
Comp: $2.37M

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, Sr. VP of Accounting & Controls and Interim CFO

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

Ms. Crystal Williams
Chief HR 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?: 11 Wall Street 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 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.
What is FLEETCOR Technologies' stock price forecast for 2023?: 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 share price to reach $243.08 in the next twelve months. This suggests a possible upside of 25.6% 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 2022?: FLEETCOR Technologies' stock was trading at $223.84 at the beginning of 2022. Since then, FLT shares have decreased by 13.5% and is now trading at $193.60.
View the best growth stocks for 2022 here.
Are investors shorting FLEETCOR Technologies?: FLEETCOR Technologies saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 1,160,000 shares, a drop 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 shares of the company are sold short.
View FLEETCOR Technologies' Short Interest.
When is FLEETCOR Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our FLT earnings forecast.
How were FLEETCOR Technologies' earnings last quarter?: FLEETCOR Technologies, Inc. (NYSE:FLT) announced its quarterly earnings results on Wednesday, November, 3rd. The business services provider reported $3.52 EPS for the quarter, beating analysts' consensus estimates of $3.32 by $0.20. The business services provider had revenue of $755.48 million for the quarter, compared to analysts' expectations 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 prior year, the business posted $2.70 EPS.
Read the conference call transcript.
What guidance has FLEETCOR Technologies issued on next quarter's earnings?: FLEETCOR Technologies updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $15.85-$16.05 for the period, compared to the consensus EPS 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.

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 a number of 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.
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 $193.60.
How much money does FLEETCOR Technologies make?: FLEETCOR Technologies (NYSE:FLT) has a market capitalization of $14.28 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.
How many employees does FLEETCOR Technologies have?: The company employs 9,700 workers across the globe.
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 12/3/2022 by MarketBeat.com Staff

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