Fleetcor Stock Hits New 52-Week High (FLT)

NEW YORK ( TheStreet) -- Fleetcor Technologies (NYSE: FLT) hit a new 52-week high Thursday as it is currently trading at $41.23, above its previous 52-week high of $41.03 with 42,129 shares traded as of 9:40 a.m. ET. Average volume has been 220,800 shares over the past 30 days.

Fleetcor has a market cap of $3.35 billion and is part of the services sector and diversified services industry. Shares are up 37% year to date as of the close of trading on Wednesday.

FleetCor Technologies, Inc. provides specialized payment products and services to businesses, commercial fleets, oil companies, petroleum marketers, and government entities in North America, Europe, South Africa, and Asia. The company has a P/E ratio of 23, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fleetcor as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Fleetcor Ratings Report.

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