FleetCor stock: buy or sell?
December 6th, 2019
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:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-5||Robert W. Baird||n/a||Neutral|
|2019-7-11||Morgan Stanley||Overweight||Equal Weight|
|2019-6-5||Goldman Sachs Group||Neutral||Buy|
|2019-6-3||Bank of America||n/a||Neutral|
|2019-4-23||Jefferies Financial Group||n/a||Hold|
|2019-2-20||Keefe, Bruyette & Woods||n/a||Buy|
FleetCor stock analysis
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.
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%).
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 $291.40Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-5||Robert W. Baird||Raises Target||$302.00||$316.00||4.6%|
|2019-6-5||Goldman Sachs Group||Upgrades||$243.00||$305.00||25.5%|
|2019-6-3||Bank of America||Initiates||n/a||$275.00||-|
|2019-6-21||Deutsche Bank||Raises Target||$265.00||$305.00||15.1%|
|2019-6-13||SunTrust Banks||Raises Target||n/a||$320.00||-|
|2019-5-8||SunTrust Banks||Raises Target||n/a||$300.00||-|
|2019-4-23||Jefferies Financial Group||Set Price Target||n/a||$250.00||-|
|2019-2-20||Keefe, Bruyette & Woods||Reiterates||n/a||$238.00||-|
|2019-2-19||SunTrust Banks||Raises Target||$240.00||$260.00||8.3%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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.
|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 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.
|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 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:
|Market cap||$26.7 B||$8.5 B||$84.2 B||$53.1 B||$289.1 B|
|Total shares||86.8 M||54.0 M||614.6 M||300.6 M||997.5 M|
|Float shares||85.3 M||51.9 M||611.6 M||298.5 M||991.1 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, December 6th, 2019|
|Day range||$304.20 - $307.97|
|Average true range||$5.59|
|50d mov avg||$294.66|
|100d mov avg||$292.69|
|200d mov avg||$275.70|
FleetCor performanceTo 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:
FleetCor competitorsOne 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.
- Euronet Worldwide (EEFT)
- Fidelity National Information Services (FIS)
- Global Payments (GPN)
- Mastercard (MA)
- Visa (V)
- WEX (WEX)
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