What Analysts Are Saying About Fleetcor Technologies Stock
Portfolio Pulse from Benzinga Insights
Fleetcor Technologies (NYSE:FLT) has been analyzed by 9 analysts, showing a mix of ratings from bullish to indifferent. The average 12-month price target is $313.22, up 5.9% from the previous $295.78. Analyst actions include both raises and lowers in ratings and price targets. Fleetcor offers specialized payment products and has seen a -3.46% revenue decline in the last 3 months, with a high net margin of 27.3% but a high debt-to-equity ratio of 2.05.
March 04, 2024 | 12:00 pm
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NEUTRAL IMPACT
Fleetcor Technologies has received mixed analyst ratings, with an updated average 12-month price target of $313.22, indicating a potential upside. However, concerns may arise from its recent revenue decline and high debt levels.
The mixed analyst ratings and the increase in the average price target suggest a cautiously optimistic outlook for FLT. However, the recent revenue decline and high debt-to-equity ratio could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100