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Home › Stocks › FleetCor Technologies Inc (FLT) Stock Forecast & Price Prediction United States | NYSE | Technology | Software—Infrastructure
$348.76
-0.02 (-0.01%)10 Quality Stocks Worth Considering Now
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Based on our analysis of 26 Wall Street analysts, FLT has a bullish consensus with a median price target of $326.00 (ranging from $255.00 to $343.00). The overall analyst rating is Strong Buy (8.0/10). Currently trading at $348.76, the median forecast implies a -6.5% downside. This outlook is supported by 14 Buy, 1 Hold, and 0 Sell ratings.
Conversely, the most conservative target is provided by Trevor Williams at Jefferies, suggesting a 26.9% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for FLT.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Mar 4, 2024 | Baird | David Koning | Outperform | Upgrade | $330.00 |
Feb 14, 2024 | UBS | Timothy Chiodo | Neutral | Maintains | $285.00 |
Feb 14, 2024 | BMO Capital | Rufus Hone | Outperform | Maintains | $330.00 |
Feb 8, 2024 | RBC Capital | Daniel Perlin | Sector Perform | Maintains | $302.00 |
Feb 8, 2024 | JP Morgan | Tien-Tsin Huang | Overweight | Maintains | $337.00 |
Jan 18, 2024 | Mizuho | Dan Dolev | Neutral | Maintains | $265.00 |
Jan 17, 2024 | Jefferies | Trevor Williams | Buy | Maintains | $330.00 |
Jan 12, 2024 | Citigroup | Peter Christiansen | Buy | Maintains | $325.00 |
Dec 21, 2023 | Baird | David Koning | Neutral | Maintains | $315.00 |
Dec 5, 2023 | BMO Capital | Rufus Hone | Outperform | Initiates | $300.00 |
Nov 14, 2023 | Mizuho | Dan Dolev | Neutral | Maintains | $235.00 |
Nov 10, 2023 | Raymond James | John Davis | Outperform | Maintains | $281.00 |
Nov 9, 2023 | RBC Capital | Daniel Perlin | Sector Perform | Maintains | $270.00 |
Nov 9, 2023 | Morgan Stanley | James Faucette | Equal-Weight | Maintains | $240.00 |
Oct 20, 2023 | UBS | Timothy Chiodo | Neutral | Assumes | $280.00 |
Oct 17, 2023 | Raymond James | John Davis | Outperform | Maintains | $277.00 |
Oct 11, 2023 | Baird | David Koning | Neutral | Downgrade | $302.00 |
Oct 4, 2023 | Citigroup | Peter Christiansen | Buy | Maintains | $300.00 |
Sep 13, 2023 | Truist Securities | Andrew Jeffrey | Buy | Maintains | $315.00 |
Aug 22, 2023 | Truist Securities | Buy | Maintains | $0.00 |
The following stocks are similar to FleetCor based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
FleetCor Technologies Inc has a market capitalization of $21.79B with a P/E ratio of 23.0x. The company generates $3.76B in trailing twelve-month revenue with a 26.1% profit margin.
Revenue growth is +6.1% quarter-over-quarter, while maintaining an operating margin of +45.2% and return on equity of +33.7%.
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Provides payment solutions for vehicle and corporate expenses.
The company generates revenue by offering a range of payment solutions, including vehicle payment services, corporate payment automation, and lodging payment solutions. It serves various customer segments, including businesses, merchants, and consumers, by providing products like virtual cards and prepaid vouchers, thereby streamlining expense management and enhancing operational efficiency.
Founded in 1986 and headquartered in Atlanta, Georgia, the company operates in multiple regions, including the U.S., Brazil, and the U.K. Its diverse offerings cater to various industries, presenting significant growth opportunities in the payment solutions market.
Technology
Software—Infrastructure
10,500
Mr. Ronald F. Clarke
United States
2010
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FLEETCOR Technologies has rebranded as Corpay, Inc., effective today. It will trade under the new NYSE ticker symbol CPAY, reflecting its corporate payment solutions focus.
FLEETCOR's rebranding to Corpay and new ticker CPAY signals a strategic focus on corporate payment solutions, which may attract investor interest and impact stock performance.
FLEETCOR Technologies (NYSE: FLT) has completed a majority investment in Zapay, enhancing its Vehicle Payments business in Brazil and accessing two million monthly users of Zapay's digital mobility platform.
FLEETCOR's investment in Zapay expands its reach in Brazil's vehicle payments market, tapping into a growing user base and enhancing its competitive position in digital mobility solutions.
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FLEETCOR Technologies, Inc. (NYSE: FLT) will host fireside chats at the Bank of America Financial Services Conference on February 21 and at the Citi FinTech Conference on February 28, 2024.
FLEETCOR's participation in major investor conferences signals its strategic engagement and can influence investor sentiment and stock performance.
FLEETCOR is deemed undervalued based on three valuation methods, despite strong revenue and earnings growth; it has underperformed the S&P 500 over the past five years.
FLEETCOR's undervaluation across multiple methods suggests potential for stock price appreciation, presenting a buying opportunity amid its strong growth relative to the S&P 500.
Based on our analysis of 26 Wall Street analysts, FleetCor Technologies Inc (FLT) has a median price target of $326.00. The highest price target is $343.00 and the lowest is $255.00.
According to current analyst ratings, FLT has 14 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $348.76. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict FLT stock could reach $326.00 in the next 12 months. This represents a -6.5% decrease from the current price of $348.76. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company generates revenue by offering a range of payment solutions, including vehicle payment services, corporate payment automation, and lodging payment solutions. It serves various customer segments, including businesses, merchants, and consumers, by providing products like virtual cards and prepaid vouchers, thereby streamlining expense management and enhancing operational efficiency.
The highest price target for FLT is $343.00 from at , which represents a -1.7% decrease from the current price of $348.76.
The lowest price target for FLT is $255.00 from Trevor Williams at Jefferies, which represents a -26.9% decrease from the current price of $348.76.
The overall analyst consensus for FLT is bullish. Out of 26 Wall Street analysts, 14 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $326.00.
Stock price projections, including those for FleetCor Technologies Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.