Fleetcor Technologies Inc. (FLT): Today's Featured Diversified Services Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day down 0.5%. By the end of trading, Fleetcor Technologies rose $2.85 (3.2%) to $90.46 on light volume. Throughout the day, 583,893 shares of Fleetcor Technologies exchanged hands as compared to its average daily volume of 809,900 shares. The stock ranged in a price between $87.59-$90.92 after having opened the day at $87.81 as compared to the previous trading day's close of $87.61. Other companies within the Diversified Services industry that increased today were:
(
), up 16.0%,
(
), up 8.1%,
(
), up 5.2% and
(
), up 5.2%.
FleetCor Technologies, Inc. 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. Fleetcor Technologies has a market cap of $7.1 billion and is part of the services sector. Shares are up 63.3% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Fleetcor Technologies a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Fleetcor Technologies
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Fleetcor Technologies Ratings Report.
On the negative front,
(
), down 15.4%,
(
), down 5.7%,
(
), down 5.2% and
(
), down 4.8% , were all laggards within the diversified services industry with
(
) being today's diversified services industry laggard.
- Use our diversified services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider
iShares Dow Jones US Cons Services
(
) while those bearish on the diversified services industry could consider
ProShares Ultra Short Consumer Sers
(
).
- Find other investment ideas from our top rated ETFs lists.
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