KBW Believes Fleetcor Technologies (FLT) Still Has Room to Grow


KBW analyst Melissa Roberts reiterated a Buy rating on Fleetcor Technologies (FLT) on February 15 and set a price target of $238. The company’s shares opened today at $225.89, close to its 52-week high of $230.24.

According to TipRanks.com, Roberts is a 4-star analyst with an average return of 11.1% and a 55.7% success rate. Roberts covers the Financial sector, focusing on stocks such as Equity Bancshares Inc, State Street Corp, and Wells Fargo.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fleetcor Technologies with a $235.86 average price target, representing a 4.4% upside. In a report issued on February 6, Oppenheimer also reiterated a Buy rating on the stock with a $244 price target.

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Based on Fleetcor Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $302 million. In comparison, last year the company had a net profit of $283 million.

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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.

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