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 Wednesday as it is currently trading at $85.94, above its previous 52-week high of $85.56 with 400,840 shares traded as of 10:26 a.m. ET. Average volume has been 871,200 shares over the past 30 days.

Fleetcor has a market cap of $6.72 billion and is part of the services sector and diversified services industry. Shares are up 53.8% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 29.5, 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, 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 Ratings Report.

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