In a report released yesterday, Glenn Greene from Oppenheimer reiterated a Buy rating on Fleetcor Technologies (NYSE: FLT). The company’s shares closed yesterday at $212.62, close to its 52-week high of $225.92.
According to TipRanks.com, Greene is a top 25 analyst with an average return of 21.5% and a 83.4% success rate. Greene covers the Technology sector, focusing on stocks such as Fidelity National Info, Total System Services, and Global Payments Inc.
Currently, the analyst consensus on Fleetcor Technologies is a Strong Buy with an average price target of $247.50, a 16.4% upside from current levels. In a report issued on August 3, Morgan Stanley also maintained a Buy rating on the stock with a $240 price target.
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Fleetcor Technologies’ market cap is currently $18.79B and has a P/E ratio of 23.57. The company has a Price to Book ratio of 5.46.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FLT in relation to earlier this year. Most recently, in June 2018, Ronald Clarke, the CEO & Chairman of BOD of FLT bought 190,000 shares for a total of $1,900,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
