The first time that StockNews.com reported on FLEETCOR Technologies was on Thursday, and they did so by sending out a research note to various investors (NYSE: FLT).
The brokerage company has a “hold” rating on the company’s shares that is a provider of business services.
On February 8th, shareholders of FLEETCOR Technologies (NYSE: FLT) were given access to the company’s most recent quarterly earnings report.
Earnings per share for the quarter were reported by the provider of business services at $4.04, which was $0.11 higher than the average forecast of $3.93.
In comparison, market experts anticipated that the company would bring in revenue for the quarter totaling $874.44 million, but it did $883.60 million. For FLEETCOR Technologies, the return on equity was 44.21%, and the net margin for the company was 27.58%. Compared to the same quarter in the prior year, FLEETCOR Technologies reported a revenue increase of 10.1%.
The company reported $3.47 per share earnings during the prior year’s financial year.
According to projections made by sell-side analysts, FLEETCOR Technologies will bring in 15.78 cents per share in 2018.
Thursday was the first day of trading for NYSE FLT, and the opening price was $189.22.
There is no difference between the quick, current, and debt-to-equity ratios; all three ratios total one.
Additionally, the quick ratio is one.
The stock’s price has been trading at a moving average of $203.99 over the past 50 trading days, while the price has been trading at $193.79 over the last 200 trading days.
During the past year, the price of FLEETCOR Technologies has fluctuated between $161.69 and $265.30, with a price of $265.30 serving as the average.
The company has a market value of $13.9 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-to-growth ratio of 1.03, and a beta value of 1.20.
The price-to-earnings-to-growth ratio indicates that the company is expected to grow its earnings at a rate of 1.03.
Additionally, over the past few months, several other research analysts have published their evaluations of the company. Robert W.
Baird upgraded their rating on FLEETCOR Technologies from “neutral” to “outperform” and increased their price objective for the stock from $235.00 to $254.00 in a research report available to the public on Friday, February 10th.
Barclays gave FLEETCOR Technologies an “overweight” rating and increased their price target for the company in a research report released on Monday, February 13th.
The report was published online.
Both of these moves were made in conjunction with the announcement that they would raise their price target. On Thursday, February 9th, the Royal Bank of Canada published a research report on FLEETCOR Technologies.
In the report, they rated the company as “sector perform” and increased their price objective on the company from $226.00 to $240.00.
Bank of America upgraded FLEETCOR Technologies from a “neutral” rating to a “buy” rating.
It raised its price target for the stock from $208.00 to $240.00 in a research report published on Tuesday, January 31st.
In addition, the price target for the stock was raised.
Both of these actions were taken as a direct reaction to recent happenings in the market.
Morgan Stanley assigned the business an “equal weight” rating in a research report on Thursday, February 9th, when it was made available to the public.
In addition to this, they increased the price target they had set for FLEETCOR Technologies from $188.00 to $205.00.
The stock of the company was the subject of the study. Seven analysts have provided the company with a buy recommendation, while only five have provided it with a hold recommendation.
According to Bloomberg.com, the stock is currently rated as a “Moderate Buy” by the consensus, and the price objective for the stock is currently rated as a consensus of $249.50.
Additionally, the price target for the stock is currently rated as a consensus of $249.50.
In the most recent few months, a wide range of institutional investors and hedge funds have either increased or decreased the FLT they hold. Raymond James Financial Services Advisors INC increased the amount of FLEETCOR Technologies stock owned by 15.7% during the first three months of 2018.
After purchasing an additional 204 shares during the most recent fiscal quarter, Raymond James Financial Services Advisors INC has 1,504 shares, giving it a market cap of $375,000.
American Century Companies INC increased the amount of FLEETCOR Technologies stock owned by 15.9% during the first three months of 2018.
American Century Companies INC now owns 2,798 shares in the company, which have a value of $697,000, after making an additional purchase of 384 shares in the business services provider during the most recent fiscal quarter.
This brings the total number of shares owned by American Century Companies INC to 2,798.
The amount of money that Cambridge Investment Research Advisors INC had invested in FLEETCOR Technologies increased by 219,000 dollars during the first three months of 2018.
In the first three months of 2018, HighTower Advisors LLC brought the total amount of FLEETCOR Technologies stock it owned to a level that was 9.5% higher than before. HighTower Advisors LLC now holds 4,524 shares of the business services provider’s stock, with a total value of $1,119,000.
This is a result of the company acquiring 392 additional shares during the most recent fiscal quarter.
Last but not least, Private Advisor Group LLC increased the amount of FLEETCOR Technologies stock owned by 123.0% during the first three months of the year.
In the most recent quarter, Private Advisor Group LLC increased its stake in the business services provider by purchasing 1,299 shares.
This