Expert Ratings For Fleetcor Technologies
Portfolio Pulse from Benzinga Insights
Fleetcor Technologies (NYSE:FLT) received mixed analyst ratings over the past three months, with 9 analysts offering a range of opinions. The average 12-month price target is $280.33, up from the previous $275.43. Citigroup, Baird, BMO Capital, Mizuho, Raymond James, RBC Capital, Morgan Stanley, and UBS have all adjusted their ratings or price targets. Fleetcor offers specialized payment products and has shown positive revenue growth, a high net margin, and exceptional ROE, but carries a high debt-to-equity ratio.
January 12, 2024 | 1:00 pm
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Fleetcor Technologies has received mixed analyst ratings with a new average 12-month price target of $280.33, indicating a positive sentiment. The company's strong financial performance may support the stock, but high debt levels could be a concern.
The mixed analyst ratings with a slight increase in the average price target suggest a cautiously optimistic outlook for FLT. The company's strong financial indicators such as revenue growth, net margin, and ROE are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the high debt-to-equity ratio is a concern that could temper investor enthusiasm. The recent updates from analysts, including raised price targets and ratings, are likely to have a more significant impact on investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100