FleetCor upgraded by BofA Securities with a new price target
$FLT
Business Services
Consumer Discretionary
BofA Securities upgraded FleetCor from Neutral to Buy and set a new price target of $240.00 from $208.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/4/2024 | $325.00 → $330.00 | Neutral → Outperform | Robert W. Baird |
| 12/5/2023 | $300.00 | Outperform | BMO Capital Markets |
| 10/20/2023 | $280.00 | Neutral | UBS |
| 10/11/2023 | $275.00 → $302.00 | Outperform → Neutral | Robert W. Baird |
| 7/7/2023 | $310.00 | Buy | Deutsche Bank |
| 3/21/2023 | $254.00 | Mkt Perform → Outperform | Raymond James |
| 2/10/2023 | $235.00 → $254.00 | Neutral → Outperform | Robert W. Baird |
| 1/31/2023 | $208.00 → $240.00 | Neutral → Buy | BofA Securities |
Corpay1, a FLEETCOR® (NYSE:FLT) brand and global leader in business payments, is pleased to announce that Corpay's Cross-Border business has appointed investment management industry veteran Andrew Shortreid, CFA as their new SVP Global Institutional Sales. In this newly created role, Andrew will be responsible for leading a team of highly skilled Sales professionals focused on advancing the company's Cross-Border solutions sales efforts to institutional customers in the asset management and private equity sectors, along with financial services firms. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231212448969/en/Andrew Shortreid
Corpay1, a FLEETCOR® (NYSE:FLT) brand and global leader in business payments, is pleased to announce that Corpay's Cross-Border business has appointed industry veteran, Roy Farah as their new SVP Global Payments Solutions. In this newly created role, Roy will be responsible for leading the development and commercialization of key integrated payment verticals across the Cross-Border business and will work in conjunction with Corpay Cross-Border's executive, commercial leadership and product management teams to advance the company's efforts aimed at building a world-class cross-border payments automation firm. This press release features multimedia. View the full release here: https://www.bu
FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global business payments company, today announced the appointment of Gerald Throop to its Board of Directors and the retirement of long-tenured director, Mike Buckman. These changes are effective immediately. Throop is the third new Director appointed this year as part of FLEETCOR's Board refreshment initiative. Throop brings extensive financial services experience that includes tenures as Head of Global Equities at the National Bank of Canada, and Head of Canadian Equities at Merrill Lynch. He also served as CFO for two Canadian public telecommunications companies during his career. Throop currently serves as Audit Committee Chair and Lea
Robert W. Baird upgraded FleetCor from Neutral to Outperform and set a new price target of $330.00 from $325.00 previously
BMO Capital Markets initiated coverage of FleetCor with a rating of Outperform and set a new price target of $300.00
UBS resumed coverage of FleetCor with a rating of Neutral and set a new price target of $280.00
Adopting New Ticker CPAY FLEETCOR Technologies, Inc. (NYSE:FLT) ("the Company") a leading global payments Company, announced today it has rebranded the Company Corpay, Inc. The name change better reflects the Company's current portfolio of corporate payment solutions. The Company will begin trading today on the New York Stock Exchange under the new ticker symbol CPAY and the new CUSIP is 219948 106. About Corpay Corpay (NYSE:CPAY) is a global S&P500 corporate payments Company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay's suite of modern payment solutions help its customers better manage vehicle-related expenses (e.g. fueling and parking), tr
LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Corpay, a global leader in business payments, has been selected as winner of the "Spend Management Innovation Award" in the 8th annual FinTech Breakthrough Awards program, recognizing the breakthrough innovation of the Corpay Complete all-in-one spend management platform. Tailored to streamline and optimize corporate financial processes, Corpay Complete leverages Corpay's unique combination of best-in-class payments infrastructure coupled with fintech software ca
Adopting New Ticker CPAY on March 25, 2024 FLEETCOR Technologies, Inc. (NYSE:FLT) ("the Company") a leading global payments company, announced today its plans to rebrand the Company to Corpay. The name change better reflects the Company's current portfolio of corporate payment solutions. This name change will take effect on March 25, 2024 when the Company's stock begins trading on the New York Stock Exchange under the new ticker symbol CPAY. "The Corpay name better represents what we do now, which is provide corporate payment solutions. We will use Corpay as the go-to-market brand for our Corporate Payments segment, and retain our existing popular go-to-market brands in our Vehicle Paym
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10-Q - CORPAY, INC. (0001175454) (Filer)
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All-time record annual revenues and earnings Increased Revolver capacity $600 million and plans to repurchase $800 million of shares in 2024 FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global business payments company, today reported financial results for its fourth quarter and year ended December 31, 2023. "2023 was a very successful year for the Company. We delivered full year organic revenue growth of 10% and EBITDA growth of 13%, which are in line with our long-term growth targets," said Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc. "Our Corporate Payments segment grew 19% for the year and now represents over 25% of total revenue. Additionally
FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global business payments company ("FLEETCOR"), today announced that the Company will host a conference call to discuss fourth quarter and fiscal year 2023 financial results on Wednesday, February 7, 2024 at 5:30 pm ET. Hosting the call will be Ron Clarke, chief executive officer, Tom Panther, chief financial officer and Jim Eglseder, investor relations. A press release with fourth quarter and fiscal year financial results will be issued after the market close that same day. The call will be webcast live from the Company's investor relations website at https://investor.fleetcor.com/. The conference call can also be accessed live over the ph
FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global business payments company, today reported financial results for its third quarter ended September 30, 2023. "We reported another good quarter, with revenues and adjusted net income per share growth of 9% and 6%," said Ron Clarke, chairman and chief executive officer, FLEETCOR. "Organic revenue growth was 10% for the quarter, driven by 20% growth in corporate payments. Strategically, we completed the acquisition of the world's second largest mobile parking operator, which is an important ingredient to our strategy to transform our vehicle payments business." Financial Results for Third Quarter of 2023: GAAP Results Revenues in