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A statement released earlier today by Zacks Investment Research about FleetCor Technologies, Inc. (NYSE:FLT) bumps the target price to $197.00

Yesterday FleetCor Technologies, Inc. (NYSE:FLT) traded -0.83% lower at $171.27. The company’s 50-day moving average is $167.84 and its 200-day moving average is $154.33. The last closing price is up 10.98% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 590,812 shares of the stock were exchanged, down from an average trading volume of 653,272

Zacks Investment Research bumped up the target of FleetCor Technologies, Inc. (NYSE:FLT) to $197.00 reporting a potential upside of 0.15%.

Previously on 09/21/2016, Barclays Capital reported on FleetCor Technologies, Inc. (NYSE:FLT) raised the target price from $170.00 to $190.00. At the time, this indicated a possible upside of 0.13%.

See Chart Below

FleetCor Technologies, Inc. (NYSE:FLT)

FleetCor Technologies, Inc. has a 52 week low of $107.56 and a 52 week high of $174.84 with a P/E ratio of 41.06 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 13 brokers have issued a report on the stock. The consensus target price is $164.38 with 2 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About FleetCor Technologies, Inc. (NYSE:FLT)

FleetCor Technologies, Inc. is an independent global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. The Company operates in two segments: North America and International. In North America, the Company sells a fuel card product, commercial payment and data solutions, lodging and transportation management services, gift card and stored value solutions, as well as a fleet telematics offering. In its International segment, the Company provides fuel card and related fuel services, work force payment and vehicle maintenance management solutions. It sells a range of customized fleet and lodging payment programs to its customers through partners, such as oil companies, leasing companies and petroleum marketers.

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