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Sunday, April 2, 2023

Analysts Point To FLEETCOR Technologies Inc. (NYSE: FLT) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for FLEETCOR Technologies Inc. (FLT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $213.50. The FLEETCOR Technologies Inc. has recorded 10,794 volume in the after hours trading session.

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Stocks Info

As a NYSE listed company, FLT falls under the Technology sector while operating within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $213.50 and fluctuated between $215.99 as its day high and $210.90 as its day low. The current market capitalization of FLEETCOR Technologies Inc. is $15.94B. A total of 0.53 million shares were traded on the day, compared to an average of 517.64K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, FLT has seen 2 BUY and 5 SELL insider trades, representing the acquisition of 9,471 and the disposition of 4,512 shares. Over the last 12 months, there were 5 BUYs and 15 SELLs from insiders. Insiders purchased 268,509 shares during that period but sold 145,963.

In the most recent transaction, King Alan sold 1,379 shares of FLT for 223.38 per share on Sep 12. After the transaction, the Group President, Global Fleet now owns 9,250 company shares.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for FLT in the last 3 months, the mean price target is $240.30 with high estimates of $270.00 and low estimates of $205.00. In terms of 52-week highs and lows, FLT has a high of $265.30 and a low of $161.69.

As of this writing, FLT has an earnings estimate of $3.8 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $3.98 per share and a lower estimate of $3.53. The company reported an EPS of $4.24 in the last quarter, which was 1.40% higher than expectations of $4.18.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 20 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FLT is Sell with a score of 4.43. A total of 11 analysts rated the stock as Buy while 3 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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