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RBC Capital Keeps a Hold Rating on Fleetcor Technologies (FLT)

RBC Capital analyst Daniel Perlin maintained a Hold rating on Fleetcor Technologies (FLTResearch Report) on February 9 and set a price target of $291.00. The company’s shares closed last Thursday at $247.43.

According to TipRanks.com, Perlin is a 5-star analyst with an average return of 20.3% and a 66.2% success rate. Perlin covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

Currently, the analyst consensus on Fleetcor Technologies is a Moderate Buy with an average price target of $284.10, a 14.4% upside from current levels. In a report issued on January 25, Mizuho Securities also maintained a Hold rating on the stock with a $255.00 price target.

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Based on Fleetcor Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $802 million and net profit of $225 million. In comparison, last year the company earned revenue of $617 million and had a net profit of $210 million.

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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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