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NYSE:FLT

FLEETCOR Technologies - FLT Stock Forecast, Price & News

$225.12
-2.26 (-0.99%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$224.06
$228.19
50-Day Range
$205.42
$248.35
52-Week Range
$200.78
$282.02
Volume
367,597 shs
Average Volume
558,979 shs
Market Capitalization
$17.41 billion
P/E Ratio
19.34
Dividend Yield
N/A
Price Target
$290.60

FLEETCOR Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
28.2% Upside
$288.70 Price Target
Short Interest
Healthy
1.07% of Float Sold Short
Dividend Strength
N/A
Sustainability
+0.19
Upright™ Environmental Score
News Sentiment
0.11mentions of FLEETCOR Technologies in the last 14 days
Based on 29 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

36th out of 334 stocks

Business Services, Not Elsewhere Classified Industry

13th out of 105 stocks

FLT stock logo

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 Down 1.0 %

Shares of FLEETCOR Technologies stock traded down $2.26 during trading on Tuesday, reaching $225.12. The company had a trading volume of 367,597 shares, compared to its average volume of 558,979. The company has a market cap of $17.41 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 1.09 and a beta of 1.22. The firm's fifty day moving average is $221.65 and its 200-day moving average is $233.70. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.01 and a current ratio of 1.06. FLEETCOR Technologies has a fifty-two week low of $200.78 and a fifty-two week high of $282.02.

Analyst Ratings Changes

Several research analysts recently issued reports on FLT shares. Evercore ISI restated an "outperform" rating and set a $300.00 price objective on shares of FLEETCOR Technologies in a research report on Thursday, June 2nd. Truist Financial cut their price objective on FLEETCOR Technologies from $290.00 to $275.00 and set a "buy" rating for the company in a research report on Thursday, June 30th. Citigroup lifted their price objective on FLEETCOR Technologies from $335.00 to $345.00 and gave the stock a "buy" rating in a research report on Thursday, June 9th. TheStreet cut shares of FLEETCOR Technologies from a "b-" rating to a "c" rating in a research note on Thursday, May 26th. Finally, Wells Fargo & Company lowered their target price on shares of FLEETCOR Technologies to $298.00 in a research note on Friday, July 22nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $288.70.

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FLT Stock News Headlines

ALE Solutions Appoints Albert Novak Company President
8 Analysts Have This to Say About Fleetcor Technologies
Wex (WEX) Beats Q2 Earnings and Revenue Estimates
FLEETCOR® Certified as a Most Loved Workplace
3 Attractive Growth Stocks to Watch Right Now
Corpay Announces New Collaboration with PracBiz
Corpay Announces New Sponsorship with England Polo
See More Headlines
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FLT Company Calendar

Last Earnings
11/03/2021
Today
8/09/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
CUSIP
33904110
Employees
9,700
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$288.70
High Stock Price Forecast
$345.00
Low Stock Price Forecast
$254.00
Forecasted Upside/Downside
+29.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$839.50 million
Pretax Margin
38.93%

Debt

Sales & Book Value

Annual Sales
$2.83 billion
Cash Flow
$16.37 per share
Book Value
$35.30 per share

Miscellaneous

Free Float
72,236,000
Market Cap
$17.41 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













FLT Stock - Frequently Asked Questions

Should I buy or sell FLEETCOR Technologies stock right now?

10 Wall Street equities 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 equities 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 2022?

10 Wall Street analysts have issued twelve-month price objectives for FLEETCOR Technologies' shares. Their FLT share price forecasts range from $254.00 to $345.00. On average, they expect the company's share price to reach $288.70 in the next twelve months. This suggests a possible upside of 28.4% from the stock's current price.
View analysts price targets for FLT
or view top-rated stocks among Wall Street analysts.

How has FLEETCOR Technologies' stock performed in 2022?

FLEETCOR Technologies' stock was trading at $223.84 at the beginning of 2022. Since then, FLT stock has increased by 0.4% and is now trading at $224.79.
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 presently 1.4 days. Approximately 1.1% of the shares of the stock are short sold.
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 FLT earnings forecast
.

How were FLEETCOR Technologies' earnings last quarter?

FLEETCOR Technologies, Inc. (NYSE:FLT) issued its 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 earned $755.48 million during the quarter, compared to analysts' expectations of $738.56 million. FLEETCOR Technologies had a trailing twelve-month return on equity of 38.86% and a net margin of 29.27%. During the same quarter in the previous year, the firm posted $2.70 EPS.
Read the conference call transcript
.

How will FLEETCOR Technologies' stock buyback program work?

FLEETCOR Technologies announced that its Board of Directors has initiated a share repurchase program on Thursday, November 5th 2020, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.

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

FLEETCOR Technologies issued an update on its FY22 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share guidance of $15.85-16.05 for the period, compared to the consensus earnings per share estimate of $15.68. 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 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 Thompson Siegel & Walmsley LLC (0.48%), Swiss National Bank (0.43%), TD Asset Management Inc. (0.38%), Robeco Institutional Asset Management B.V. (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.28%) and TimesSquare Capital Management LLC (0.24%). Insiders that own company stock include Alan King, Alexey Gavrilenya, Armando Lins Netto, Eales John, Eric Dey, Garnsey Colette 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 $224.79.

How much money does FLEETCOR Technologies make?

FLEETCOR Technologies (NYSE:FLT) has a market capitalization of $17.39 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 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 8/9/2022 by MarketBeat.com Staff

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