Expert Outlook: Fleetcor Technologies Through The Eyes Of 7 Analysts
Portfolio Pulse from Benzinga Insights
Seven analysts have recently updated their ratings on Fleetcor Technologies (NYSE:FLT), with a mix of bullish, somewhat bullish, and indifferent perspectives. The average 12-month price target for FLT has been raised to $296.00, indicating a 5.9% increase from the previous target. Analysts from firms like RBC Capital, Mizuho, Jefferies, Citigroup, Baird, and BMO Capital have adjusted their price targets and ratings, reflecting a positive outlook on FLT's financial performance, including its revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio.
February 08, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Analysts have updated their ratings and price targets for Fleetcor Technologies, showing a positive outlook with an average price target increase to $296.00. The company's financial performance is strong, with notable revenue growth, high net margin, ROE, and ROA, although it has a high debt-to-equity ratio.
The positive adjustments in analyst ratings and price targets for FLT, along with its strong financial indicators such as revenue growth, net margin, ROE, and ROA, suggest a bullish outlook for the stock in the short term. However, the high debt-to-equity ratio is a factor to watch, as it could pose financial challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100