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NYSE:FLT

FLEETCOR Technologies - FLT Stock Forecast, Price & News

$232.35
+5.72 (+2.52%)
(As of 08/8/2022 09:45 AM ET)
Add
Compare
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
0.16mentions of FLEETCOR Technologies in the last 14 days
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

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 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

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
8/08/2022
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
$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

Net Income
$839.50 million
Pretax Margin
38.93%

Debt

Sales & Book Value

Annual Sales
$2.83 billion
Cash Flow
$16.90 per share
Book Value
$35.30 per share

Miscellaneous

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













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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