The Norcross, GA-based company provides fuel cards, workforce payment products and services to businesses, commercial fleets, oil companies, petroleum marketers and governments.
"We are reducing our estimates and price target to reflect lower gas price assumptions and the lower multiples at which stocks in this space now trade," the firm said in an analyst note.
Credit Suisse's revised forecast assumes a decline of about 21% in retail prices in 2016 and a roughly 6% drop in retail and wholesale gas spreads.
While the firm models gas price-related revenues improving in 2017, it forecasts less improvement in spread-related revenue as a lower gas price environment could drive structurally lower gas spreads.
The company will report 2015 fourth quarter results on February 4.
Shares of Fleetcor are down by 0.3% to $119.77 at the start of trading on Wednesday.
Separately, TheStreet Ratings Team has a "buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, compelling growth in net income, good cash flow from operations and expanding profit margins.
The team feels its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: FLT