Fleetcor Reaches New 52-Week High (FLT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Fleetcor Technologies (NYSE: FLT) hit a new 52-week high Thursday as it is currently trading at $59.30, above its previous 52-week high of $59.29 with 542,228 shares traded as of 3:52 p.m. ET. Average volume has been 653,100 shares over the past 30 days.

Fleetcor has a market cap of $4.96 billion and is part of the services sector and diversified services industry. Shares are up 9.5% 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 25.9, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Fleetcor as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Fleetcor Ratings Report.

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