FleetCor Technologies, Inc. (FLT) Reaches $186.60 52-Week High; CHEMTRADE LOGISTICS (CGIFF) Shorts Lowered By 50.85%

December 7, 2017 - By Nellie Frank

The stock of FleetCor Technologies, Inc. (NYSE:FLT) hit a new 52-week high and has $192.20 target or 3.00% above today’s $186.60 share price. The 5 months bullish chart indicates low risk for the $16.71B company. The 1-year high was reported on Dec, 7 by Barchart.com. If the $192.20 price target is reached, the company will be worth $501.36M more. The stock increased 1.15% or $2.12 during the last trading session, reaching $186.6. About 49,438 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since December 7, 2016 and is downtrending. It has underperformed by 23.37% the S&P500.

CHEMTRADE LOGISTICS (OTCMKTS:CGIFF) had a decrease of 50.85% in short interest. CGIFF’s SI was 23,000 shares in December as released by FINRA. Its down 50.85% from 46,800 shares previously. With 1,900 avg volume, 12 days are for CHEMTRADE LOGISTICS (OTCMKTS:CGIFF)’s short sellers to cover CGIFF’s short positions. The stock decreased 0.49% or $0.0722 during the last trading session, reaching $14.7478. About 399 shares traded. Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Chemtrade Logistics Income Fund provides industrial chemicals and services in North America and internationally. The company has market cap of $1.38 billion. The Company’s Sulphur Products & Performance Chemicals segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, and sodium bisulphite. It has a 26.43 P/E ratio. This segment also offers industrial services, such as processing by-products and waste streams.

Among 16 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Fleetcor Technologies has $201.5000 highest and $75 lowest target. $174.90’s average target is -6.27% below currents $186.6 stock price. Fleetcor Technologies had 46 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Buy” on Wednesday, November 1. Jefferies maintained FleetCor Technologies, Inc. (NYSE:FLT) on Wednesday, October 11 with “Buy” rating. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Buy” rating by Jefferies on Wednesday, April 5. Morgan Stanley maintained the shares of FLT in report on Thursday, November 2 with “Overweight” rating. The firm has “Buy” rating by Citigroup given on Thursday, December 15. The stock has “Overweight” rating by Barclays Capital on Wednesday, September 21. Credit Suisse initiated the shares of FLT in report on Friday, December 11 with “Neutral” rating. Oppenheimer maintained the stock with “Hold” rating in Wednesday, August 19 report. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Buy” rating by Suntrust Robinson on Friday, June 24. Jefferies maintained the stock with “Buy” rating in Thursday, May 25 report.

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on February, 14. They expect $2.14 EPS, up 20.22% or $0.36 from last year’s $1.78 per share. FLT’s profit will be $191.66M for 21.80 P/E if the $2.14 EPS becomes a reality. After $2.01 actual EPS reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts 6.47% EPS growth.

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