In a report issued on July 21, David Koning from Robert W. Baird maintained a Hold rating on Fleetcor Technologies (FLT – Research Report), with a price target of $250.00. The company’s shares closed last Friday at $218.79.
According to TipRanks.com, Koning is a 4-star analyst with an average return of 3.4% and a 53.3% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fleetcor Technologies with a $284.25 average price target, representing a 28.6% upside. In a report issued on July 22, Credit Suisse also maintained a Hold rating on the stock with a $245.00 price target.
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Fleetcor Technologies’ market cap is currently $16.92B and has a P/E ratio of 20.66.
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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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