FleetCor stock: buy or sell?

FLT stock price: $307.78 1.52% At close on December 6th, 2019

Updated on:
December 6th, 2019

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After marking all time highs on Monday, FleetCor Technologies appreciated 1.52% to $307.78.

FleetCor Technologies, Inc. provides fuel cards, commercial payment and data solutions, gift card and stored value solutions, and workforce payment products and services primarily in the United States, Brazil, and the United Kingdom.

Should I buy FleetCor stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

These 2 buy setups work for FleetCor stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is FleetCor Technologies stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 15 ratings published for FLT stock in the last month.

The general sentiment of these ratings is bullish for FLT stock, with 10 positive ratings.
Is FLT a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-9Citigroupn/aBuy
2019-9-5Robert W. Bairdn/aNeutral
2019-7-8BTIG Researchn/aBuy
2019-7-11Morgan StanleyOverweightEqual Weight
2019-6-5Goldman Sachs GroupNeutralBuy
2019-6-3Bank of American/aNeutral
2019-6-21Deutsche Bankn/aBuy
2019-6-13SunTrust Banksn/aBuy
2019-5-8SunTrust Banksn/aBuy
2019-5-8Oppenheimern/aOutperform
2019-4-23Jefferies Financial Groupn/aHold
2019-4-2BTIG Researchn/aBuy
2019-3-19CitigroupBuyPositive
2019-2-20Keefe, Bruyette & Woodsn/aBuy
2019-2-19SunTrust BanksBuyBuy

FleetCor stock analysis

Daily outlook

After marking all time highs on Monday, FleetCor Technologies appreciated 1.52% today to $307.78.

FleetCor appreciated 1.52% today to $307.78 after topping to all time highs on Monday. FLT shows a short term strength with several rising tops and rising bottoms. In the very short term, on Tuesday it marked a new bottom at $301.29 that should act a support if FleetCor Technologies starts a trading flat base in the range of $301.29 - $315.75 Trading the long side, we should wait to a new breakout over $315.75 to find the next buy point. On October FLT price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. On Monday, FLT hit new all time highs, pushing higher previous ATH of $309.39 recorded on November 27th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

FLT stock chart (daily)

Weekly outlook

Shares of FleetCor Technologies closed this week at $307.78 after topping to a new all time high ($315.75) and remained steady a tiny 0.28%.

Price finally broke over the resistance at $304.52 and continued climbing. Since SMA20d and SMA40w crossed up early April, FLT price climbed $57.47 per share (22.96%). Since early February when FLT stock price broke up the SMA40w line, it gained $104.79 (51.62%).

FLT stock chart (weekly)

FleetCor stock price history

FleetCor IPO was on December 15th, 2010 at $25.00 per share1. Since then, FLT stock surged a 1,131.10%, with a yearly average of 141.40%. If you had invested $1,000 in FleetCor stock in 2010, it would worth $11,311.00 today.

1: Adjusted price after possible price splits or reverse-splits.

FleetCor stock historical price chart

FLT stock reached all-time highs on Monday with a price of $315.75.

FleetCor stock price target is $291.40

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 15 price forecasts for FLT stock posted in the last month:
FLT stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-9CitigroupRaises Target$300.00$340.0013.3%
2019-9-5Robert W. BairdRaises Target$302.00$316.004.6%
2019-7-8BTIG ResearchReiteratesn/a$340.00-
2019-7-11Morgan StanleyDowngrades$240.00$284.0018.3%
2019-6-5Goldman Sachs GroupUpgrades$243.00$305.0025.5%
2019-6-3Bank of AmericaInitiatesn/a$275.00-
2019-6-21Deutsche BankRaises Target$265.00$305.0015.1%
2019-6-13SunTrust BanksRaises Targetn/a$320.00-
2019-5-8SunTrust BanksRaises Targetn/a$300.00-
2019-5-8OppenheimerRaises Target$265.00$270.001.9%
2019-4-23Jefferies Financial GroupSet Price Targetn/a$250.00-
2019-4-2BTIG ResearchReiterates$253.00$288.0013.8%
2019-3-19CitigroupRaises Target$235.00$280.0019.1%
2019-2-20Keefe, Bruyette & WoodsReiteratesn/a$238.00-
2019-2-19SunTrust BanksRaises Target$240.00$260.008.3%
(in average)$260.30$291.4012.0%
Moving in a range from $340.00 and $238.00, the price prediction for FleetCor stock is $291.40. In average, analysts' outlook on FLT price forecast is positive, upgrading the target by a 12.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, FleetCor Technologies reported its latest financial data, posting a slightly fine growth for the Earnings per Share (EPS). Experts expected $2.54 per share, but FleetCor Technologies posted $2.64.
FLT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a1.31n/a
2017-Q2-n/a1.39n/a
2017-Q32017-11-012.152.181.4%
2017-Q42018-02-082.332.423.9%
2018-Q12018-05-032.192.388.7%
2018-Q22018-08-022.342.413.0%
2018-Q32018-10-302.52.50.0%
2018-Q42019-02-062.542.643.9%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, FleetCor annual turnover jumped a shining 8.18% to $2,433.49 M dollars from $2,249.54 marked in 2017. Nevertheless, its income margin (compared to revenues) stayed steady to 33.35%, that is $811.48 million.

FLT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$895 M-$285 M31.8%-
2014$1,199 M33.98%$369 M30.7%29.60%
2015$1,703 M41.98%$362 M21.3%-1.70%
2016$1,832 M7.56%$452 M24.7%24.82%
2017$2,250 M22.82%$740 M32.9%63.62%
2018$2,433 M8.18%$811 M33.3%9.63%

Quarterly financial results

FleetCor posted $643.42 million in revenues for 2018-Q4, a 3.85% up compared to previous quarter. Reported quarter earnings marked $302.00 M with a profit margin of 46.94%. Profit margin skyrocketed a 21.49% compared to previous quarter when profit margin was 25.45%. When comparing sales to same quarter last year, FleetCor Technologies sales marked a fine increase and rose a 5.48%. Looking back to recent quarterly results, FleetCor Technologies posted 2 negative quarters in a row.
FLT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$520 M-$124 M23.8%-
2017-Q2$541 M4.00%$131 M24.2%5.90%
2017-Q3$578 M6.77%$203 M35.1%54.84%
2017-Q4$610 M5.56%$283 M46.3%39.38%
2018-Q1$586 M-4.01%$175 M29.9%-38.12%
2018-Q2$585 M-0.09%$177 M30.2%1.09%
2018-Q3$620 M5.91%$158 M25.5%-10.83%
2018-Q4$643 M3.85%$302 M46.9%91.51%

FleetCor ownership

When you are planning to invest in shares of a stock, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For FleetCor Technologies, 1.51% of all outstanding shares are owned by its staff.

Bearish positions for FLT stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related stocks:

FLTEEFTFISGPNMA
Market cap$26.7 B$8.5 B$84.2 B$53.1 B$289.1 B
Total shares86.8 M54.0 M614.6 M300.6 M997.5 M
Float shares85.3 M51.9 M611.6 M298.5 M991.1 M
  - Institutional holdings (%)97.1%104.4%92.3%102.0%78.0%
  - Insider holdings (%)1.5%4.2%0.6%0.7%11.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

FleetCor summary

Friday, December 6th, 2019
Open$305.12
Close$307.78
Day range$304.20 - $307.97
Previous close$303.18
Session gain1.52%
Average true range$5.59
50d mov avg$294.66
100d mov avg$292.69
200d mov avg$275.70
Daily patternlb03a
Weekly pattern lb01c

FleetCor performance

To measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare FleetCor Technologies to Euronet Worldwide, Fidelity National Information Services, Global Payments, Mastercard, Visa and WEX:
Stock3m6m12m
FLTFleetCor Technolo...1.70%18.84%64.65%
EEFTEuronet Worldwide3.06%-2.28%41.01%
FISFidelity National...-0.27%12.37%32.44%
GPNGlobal Payments1.32%9.80%70.18%
MAMastercard-0.41%9.31%48.33%
VVisa-1.76%7.46%33.71%
WEX -4.74%0.82%30.28%

FleetCor competitors

One check before trading any stock is to review a list of its competitors, in this case for FleetCor Technologies. We picked 6 companies as FleetCor Technologies competitors as they are in the same industry or have similar market objectives.

Latest FleetCor stock news