Fleetcor Technologies (FLT) Gets a Hold from Robert W. Baird

Robert W. Baird analyst David Koning maintained a Hold rating on Fleetcor Technologies (FLTResearch Report) on September 15 and set a price target of $250.00. The company’s shares closed last Friday at $202.56.

According to TipRanks, Koning is a 3-star analyst with an average return of 0.7% and a 48.38% success rate. Koning covers the Technology sector, focusing on stocks such as Accenture, Jack Henry & Associates, and Fidelity National Info.

Currently, the analyst consensus on Fleetcor Technologies is a Moderate Buy with an average price target of $267.60, implying a 32.11% upside from current levels. In a report released on September 14, RBC Capital also maintained a Hold rating on the stock with a $265.00 price target.

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The company has a one-year high of $282.02 and a one-year low of $198.91. Currently, Fleetcor Technologies has an average volume of 552.2K.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLT in relation to earlier this year.

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 business payments company that simplifies the way businesses manage and pay their expenses. The company portfolios of brands help companies automate, secure, digitize and control payments to, or on behalf of, their employees and suppliers. It serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific. The company was founded by W. Boatner Reily, III on February 3, 1998 and is headquartered in Norcross, GA.

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