After Oppenheimer and BTIG gave Fleetcor Technologies (NYSE: FLT) a Buy rating last month, the company received another Buy, this time from KBW. Analyst Sanjay Sakhrani reiterated a Buy rating on Fleetcor Technologies yesterday and set a price target of $214. The company’s shares opened today at $218.07.
According to TipRanks.com, Sakhrani is a 5-star analyst with an average return of 10.9% and a 69.4% success rate. Sakhrani covers the Financial sector, focusing on stocks such as Discover Financial Services, Regional Management, and LendingClub Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fleetcor Technologies with a $229 average price target, a 5.0% upside from current levels. In a report issued on January 24, Barclays also maintained a Buy rating on the stock with a $236 price target.
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Fleetcor Technologies’ market cap is currently $18.19B and has a P/E ratio of 24.00. The company has a Price to Book ratio of 5.11.
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FleetCor Technologies, Inc. is a global provider of commercial payment solutions. It provides fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, commercial fleets, major oil companies, petroleum marketers and government entities.
