FleetCor Technologies, Inc. (NYSE:FLT) stock is currently pricing at roughly $138.00. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 15 analysts covering the company at $185.00. That suggests shares of the stock may have another 25 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $204.00, which would imply another 52 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 9 “Buy” ratings in place. At the same time, 6 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 2 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Raymond James took a look at FLT shares in a research note released on May 02, 2017, and issued a Strong Buy rating to this company. Citigroup analysts provided their own take on company recently as well. In a research note published on Dec 15, 2016,the house assigned a Buy rating to this stock. According to a piece that hit the wires on Nov 18, 2016, researchers at Wells Fargo reconsidered their prior rating on the stock, and upped it from Market Perform Perform to Outperform.
FleetCor Technologies, Inc. (FLT) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 0.90 percent of the stock.
If we take a more granular look, Mr. Ronald F. Clarke is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 305,666 shares, representing a total current market value of roughly $42181908. Glenn W. Marschel,Jr is another major player among company insiders, currently holding 233,150 shares as of 0.25%, carrying a current market value of $32174700. Mark A. Johnson is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 101,491 shares, valued at around $14005758 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2017-03-15, the company’s President UK and Aust/NewZea King Alan sold 2,450 company shares for 395900. That means, once accounting for this transaction, the President UK and Aust/NewZea is left with a stake of 825 shares, carrying a current total market value of $113850. In addition, by means of a transaction dated 2017-03-13, President NA Card Products House Todd sold 13,250 shares worth $2114700. After that transaction, this investor is left with a total holding of 4,367 shares, representing a total investment value of $602646. We also noted a 2017-03-10 transaction in which FLT Director HAGERTY THOMAS M sold 3,224 shares at a stock price of $160.94, carrying a total value of $518870, after which, this insider’s investment stands at 1,667 shares, with an overall financial value of $230046.
FleetCor Technologies, Inc. (NYSE:FLT) Earnings View
In the company’s last quarter, FLT EPS moved to $1.96 from $1.90 compared sequentially with the prior quarter. Revenues for the company came in at $520.43MM. This stacks up against $514.95MM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $1.87 per share on $512.76MM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $1.89 to $2.04. On a year-over-year basis, that compares with an EPS comp of $1.56.