Shore Capital Reconfirms Legal General Group PLC (LON:LGEN)’s Buy Rating; Flight Safety Technologies (FLT) Has 0.91 Sentiment

December 7, 2017 - By Nellie Frank

FleetCor Technologies, Inc. provides fuel cards, commercial payment and data solutions, gift card and stored value solutions, and workforce payment services and products primarily in the United States, Brazil, and the United Kingdom. The company has market cap of $16.52 billion. It sells a range of customized fleet and lodging payment programs; and offers card products to purchase fuel, lodging, food, toll, transportation, and related services and products at participating locations. It has a 31.46 P/E ratio. The firm also offers telematics solution that allows fleet operators to monitor the capacity utilization and movement of vehicles and drivers; vehicle maintenance services; prepaid fuel and food vouchers, and cards; and workforce payment products related to public transportation and toll vouchers.

Today, Thursday, 7 December, Legal General Group PLC (LON:LGEN) stock Buy was reiterated by Shore Capital in an analyst note.

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on February, 14. They expect $2.14 EPS, up 20.22% or $0.36 from last year’s $1.78 per share. FLT’s profit will be $191.66 million for 21.55 P/E if the $2.14 EPS becomes a reality. After $2.01 actual EPS reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts 6.47% EPS growth.

The stock increased 0.33% or $0.61 during the last trading session, reaching $184.48. About 709,147 shares traded. FleetCor Technologies, Inc. (FLT) has declined 6.67% since December 7, 2016 and is downtrending. It has underperformed by 23.37% the S&P500.

Ratings analysis reveals 100% of FleetCor’s analysts are positive. Out of 2 Wall Street analysts rating FleetCor, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. FLT was included in 3 notes of analysts from September 19, 2016. The rating was initiated by Citigroup with “Buy” on Thursday, December 15. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Outperform” rating by Wells Fargo on Friday, November 18.

12 West Capital Management Lp holds 22.65% of its portfolio in FleetCor Technologies, Inc. for 928,160 shares. Palestra Capital Management Llc owns 706,500 shares or 7.83% of their US portfolio. Moreover, White Elm Capital Llc has 5.97% invested in the company for 217,869 shares. The New York-based Steadfast Capital Management Lp has invested 5.41% in the stock. Bloom Tree Partners Llc, a New York-based fund reported 321,851 shares.

The stock increased 0.57% or GBX 1.5 during the last trading session, reaching GBX 263.2. About 5.70 million shares traded. Legal & General Group Plc (LON:LGEN) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

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