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FleetCor Technologies (FLT) provides fuel cards and workforce payment products and services to businesses, commercial fleets, oil companies, petroleum marketers, and government entities in North America, Latin America, and Europe.
It sells a range of customized fleet and lodging payment programs; and offers various card products to purchase fuel, lodging, and related products and services at participating locations.
The company also offers equipment that reduces unauthorized and fraudulent transactions to over-the-road trucking fleets, shipping fleets, and other operators of heavily industrialized equipment, including sea-going vessels, mining equipment, agricultural equipment, and locomotives.
In addition, it offers prepaid fuel and food vouchers, and cards to small, medium, and large businesses, as well as a telematics solution that allows fleet operators to monitor the capacity utilization and movement of vehicles and drivers. The company owns and operates proprietary closed-loop networks through which it electronically connects to merchants, and captures, analyzes, and reports customized information. In addition, FleetCor Technologies, Inc. uses third-party networks to deliver its payment programs and services; and provides a range of services, such as issuing and processing, as well as specialized information services.
Shares are heading higher in an upward trading channel. Higher share prices are expected for this stock.
52-Week Trading Range: $45.66 - $113.68
Entry Point: $112.00
Stop Loss: $106.40
Target Price: $123.10
We are closing FLT after it failed to gain 10% in 30 days or less!
