Media coverage about FleetCor Technologies (NYSE:FLT) has trended positive on Friday, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FleetCor Technologies earned a media sentiment score of 0.28 on AlphaOne’s scale. AlphaOne also assigned news coverage about the business services provider an impact score of 46 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted AlphaOne’s analysis:
- Corporate News Blog – FLEETCOR Announces Sale of NexTraq to Michelin; Expects to Unify Its Core Payments Business Post-sale (finance.yahoo.com)
- IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against FleetCor Technologies, Inc. and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of the Commencement of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of FleetCor Technologies, Inc. (finance.yahoo.com)
- SHAREHOLDER ALERT – Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against FleetCor Technologies, Inc. (FLT) and Lead Plaintiff Deadline: August 14, 2017 (finance.yahoo.com)
- Safirstein Metcalf LLP Announces That A Class Action Lawsuit Has Been Filed Against FleetCor Technologies, Inc. And Certain Of Its Senior Executives – FLT (finance.yahoo.com)
FLT has been the subject of a number of research analyst reports. BidaskClub lowered FleetCor Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $197.00 price target on shares of FleetCor Technologies in a research note on Wednesday, May 24th. Zacks Investment Research raised FleetCor Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Citigroup Inc. set a $165.00 target price on FleetCor Technologies and gave the company a “buy” rating in a research report on Thursday, May 4th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $138.00 target price on shares of FleetCor Technologies in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $177.07.
FleetCor Technologies (NYSE:FLT) traded down 0.07% during mid-day trading on Friday, reaching $144.41. The company’s stock had a trading volume of 1,057,492 shares. The stock’s 50 day moving average is $140.99 and its 200 day moving average is $149.74. The firm has a market cap of $13.32 billion, a PE ratio of 29.54 and a beta of 1.35. FleetCor Technologies has a one year low of $121.52 and a one year high of $176.42.
FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings results on Monday, May 1st. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.09. FleetCor Technologies had a net margin of 23.89% and a return on equity of 20.20%. The firm had revenue of $520.43 million during the quarter, compared to analysts’ expectations of $514.56 million. During the same period in the prior year, the company earned $1.53 EPS. The firm’s revenue was up 25.6% on a year-over-year basis. On average, analysts anticipate that FleetCor Technologies will post $8.34 EPS for the current year.
In other news, insider Alexey Gavrilenya acquired 5,000 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were purchased at an average price of $138.50 per share, for a total transaction of $692,500.00. Following the acquisition, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $692,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Johnson acquired 1,000 shares of the business’s stock in a transaction on Friday, May 5th. The stock was purchased at an average price of $134.15 per share, for a total transaction of $134,150.00. Following the acquisition, the director now directly owns 102,491 shares in the company, valued at $13,749,167.65. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 8,850 shares of company stock valued at $1,208,985. 4.30% of the stock is owned by corporate insiders.
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About FleetCor Technologies
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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