Morgan Stanley Reaffirms Their Buy Rating on Fleetcor Technologies

By Austin Angelo

In a report released today, Danyal Hussain from Morgan Stanley maintained a Buy rating on Fleetcor Technologies (NYSE: FLT), with a price target of $235. The company’s shares opened today at $208.83, close to its 52-week high of $213.74.

According to, Hussain is ranked #3785 out of 4787 analysts.

Fleetcor Technologies has an analyst consensus of Strong Buy, with a price target consensus of $232.86.

The company has a one-year high of $213.74 and a one-year low of $121.52. Currently, Fleetcor Technologies has an average volume of 565.6K.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FLT in relation to earlier this year. Most recently, in January 2018, Ronald Clarke, the CEO & Chairman of BOD of FLT bought 50,000 shares for a total of $500,000.

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FleetCor Technologies, Inc. engages in the management and process of commercial fuel cards. It provides fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, commercial fleets, major oil companies, petroleum marketers and government entities.