FleetCor stock: buy or sell?
March 27th, 2020
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?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, FleetCor Technologies stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is FleetCor Technologies stock a buy?
Banks and financial institutions post stock ratings everyday.Unfortunately, we couldn't detect any rating for FLT stock for the last 30 days.
FleetCor stock analysis
FleetCor Technologies shares plunged -7.62% to $196.18 yesterday.
FleetCor plunged a hair-raising -7.62% and closed at $196.18. Since price and SMA200d lines crossed down on February 25th, FLT fell $-102.24 per share (-34.26%). On February, FLT hit a new all time high, pushing higher than on February tops. Check different trading setups that use ATHs as triggers.
After sliding for 4 weeks, this week FleetCor boosted a great 4.89%, closing at $196.18. Last week FLT collapsed a scary -25.89% in just one week. This week broke a streak of 4 declining weeks.
Once FleetCor Technologies shares failed to resist above the support, it inevitably slid down. Not so far away is the last price record FleetCor marked early February, but since then it dropped a 40.52%. Since price and 40-weeks moving average lines crossed down late February, FLT fell $-112.74 per share (-36.49%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.
FleetCor stock price history
FleetCor stock went public on December 15th, 2010 with a price of $25.001. Since then, FLT stock grew a 684.70%, with a yearly average of 76.10%. If you had invested right after FLT's IPO a $1,000 in FleetCor stock in 2010, it would worth $6,847.00 today.
1: Adjusted price after possible price splits or reverse-splits.
FleetCor stock historical price chart
FLT stock reached all-time highs on February with a price of $329.85.
FleetCor stock price targetNobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' FLT stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not found any price forecast for FleetCor Technologies stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareFleetCor Technologies reported slightly good results for 2018-Q4 . FleetCor grew Earnings per Share (EPS) by 3.90%, beating analysts estimates of $2.54. FleetCor posted $2.64.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, FleetCor Technologies annual turnover soared a remarkable 8.18% to $2,433.49 million dollars from $2,249.54 marked in 2017. On the other hand, its earnings margin (compared to revenues) stayed steady to 33.35%, that is $811.48 million.
|2013||$895 M||-||$285 M31.8%||-|
|2014||$1,199 M||33.98%||$369 M30.7%||29.60%|
|2015||$1,703 M||41.98%||$362 M21.3%||-1.70%|
|2016||$1,832 M||7.56%||$452 M24.7%||24.82%|
|2017||$2,250 M||22.82%||$740 M32.9%||63.62%|
|2018||$2,433 M||8.18%||$811 M33.3%||9.63%|
Quarterly financial resultsFleetCor Technologies posted $643.42 million in sales for 2018-Q4, a 3.85% improvement compared to previous quarter. Reported quarter earnings marked $302.00 M with a profit margin of 46.94%. Profit margin rocketed a 21.49% compared to previous quarter when profit margin was 25.45%. When comparing revenues to same quarter last year, FleetCor sales marked a beatiful increase and rose a 5.48%. Looking back to recent quarterly results, FleetCor posted 2 negative quarters in a row.
|2017-Q1||$520 M||-||$124 M23.8%||-|
|2017-Q2||$541 M||4.00%||$131 M24.2%||5.90%|
|2017-Q3||$578 M||6.77%||$203 M35.1%||54.84%|
|2017-Q4||$610 M||5.56%||$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 M||5.91%||$158 M25.5%||-10.83%|
|2018-Q4||$643 M||3.85%||$302 M46.9%||91.51%|
FleetCor ownershipWhen you are planning to invest in a company, it's always worth to check its ownership structure.
FleetCor shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.84% of all shares.
Bearish positions for FLT stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related companies:
|Market cap||$16.7 B|
|Total shares||85.3 M|
|Float shares||83.9 M|
|- Institutional holdings (%)||98.4%|
|- Insider holdings (%)||1.8%|
|Shares in short selling||0.0%|
|Friday, March 27th, 2020|
|Day range||$194.77 - $210.27|
|Average true range||$27.42|
|50d mov avg||$275.61|
|100d mov avg||$286.17|
|200d mov avg||$287.56|
FleetCor performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare FleetCor Technologies to :
FleetCor competitorsUnfortunately, we could not find any public company that could be defined as FleetCor competitor. This doesn't mean FleetCor does not have any competitor in the market, it's just we could not detected it.
Latest FleetCor stock news
- InvestorPlace3 Big Stock Charts for Thursday: Pfizer, Walmart and FleetCor TechnologiesJune 6, 2019
- Seeking AlphaFleetCor Is Reasonably Priced, But It's Due For A PullbackMay 8, 2019
- InvestorPlace3 Big Stock Charts for Wednesday: General Mills, Viacom and FleetCor TechnologiesMarch 20, 2019
- Seeking AlphaFleetcor Technologies: A Solid Growth StoryAugust 13, 2018