Compass Point Starts FleetCor Technologies (FLT) at Neutral
Tweet
Share
E-mailGet Alerts FLT Hot Sheet
Price: $303.26 --0%
Rating Summary:
20 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Compass Point initiates coverage on FleetCor Technologies (NYSE: FLT) with a Neutral. PT $40.00.
The firm notes FleetCor operates a relatively more exclusive network compared to Wright Express (NYSE: WXS). Chevron (NYSE: CVX) accounts for approximately 11% of total revenues. Approximately 20% of total revenue is linked directly to the price of retail fuel and another 20% of total revenue is linked to the spread between retail and wholesale fuel prices.
Spreads typically contract (expand) with rising (falling) fuel prices, the firm notes. "Given this spread-based revenue model, we expect relative revenue growth outperformance compared to Wright Express in a stable or decreasing fuel price environment."
For an analyst ratings summary and ratings history on FleetCor Technologies click here. For more ratings news on FleetCor Technologies click here.
Shares of FleetCor Technologies closed at $36.20 yesterday.
The firm notes FleetCor operates a relatively more exclusive network compared to Wright Express (NYSE: WXS). Chevron (NYSE: CVX) accounts for approximately 11% of total revenues. Approximately 20% of total revenue is linked directly to the price of retail fuel and another 20% of total revenue is linked to the spread between retail and wholesale fuel prices.
Spreads typically contract (expand) with rising (falling) fuel prices, the firm notes. "Given this spread-based revenue model, we expect relative revenue growth outperformance compared to Wright Express in a stable or decreasing fuel price environment."
For an analyst ratings summary and ratings history on FleetCor Technologies click here. For more ratings news on FleetCor Technologies click here.
Shares of FleetCor Technologies closed at $36.20 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ICICI Securities Resumes Oberoi Realty Ltd (OBER:IN) at Buy (1)
- RBC Capital Starts Krystal Biotech (KRYS) at Outperform
- Canaccord Starts Galiano Gold (GAU:CN) at Buy
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
