BTIG analyst Mark Palmer reiterated a Buy rating on Fleetcor Technologies (FLT) on August 6 and set a price target of $340. The company’s shares closed yesterday at $291.33, close to its 52-week high of $296.79.
According to TipRanks.com, Palmer is a top 100 analyst with an average return of 15.4% and a 69.0% success rate. Palmer covers the Financial sector, focusing on stocks such as Repay Holdings Corp, Genworth Financial, and LendingClub Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fleetcor Technologies with a $302.80 average price target, implying a 3.9% upside from current levels. In a report issued on July 23, Oppenheimer also maintained a Buy rating on the stock with a $310 price target.
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The company has a one-year high of $296.79 and a one-year low of $172.18. Currently, Fleetcor Technologies has an average volume of 638.7K.
Based on the recent corporate insider activity of 33 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 2019, Ronald Clarke, the CEO & Chairman of BOD of FLT bought 25,000 shares for a total of $575,000.
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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.
