3 Diversified Services Stocks Driving The Industry Higher

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.1%) at 15,403 as of Monday, Aug. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,423 declining with 115 unchanged.

The Diversified Services industry currently sits up 0.2% versus the S&P 500, which is down 0.2%. A company within the industry that increased today was Mercadolibre ( MELI), up 1.7%. On the negative front, top decliners within the industry include Fleetcor Technologies ( FLT), down 1.4%, and Priceline.com ( PCLN), down 0.8%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Portfolio Recovery Associates ( PRAA) is one of the companies pushing the Diversified Services industry higher today. As of noon trading, Portfolio Recovery Associates is up $1.48 (2.8%) to $53.99 on heavy volume. Thus far, 319,393 shares of Portfolio Recovery Associates exchanged hands as compared to its average daily volume of 414,400 shares. The stock has ranged in price between $52.71-$54.76 after having opened the day at $53.13 as compared to the previous trading day's close of $52.51.

Portfolio Recovery Associates, Inc., a financial and business service company, engages in the purchase, collection, and management of portfolios of defaulted consumer receivables in the United States and the United Kingdom. Portfolio Recovery Associates has a market cap of $2.6 billion and is part of the services sector. Shares are up 46.5% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Portfolio Recovery Associates a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Portfolio Recovery Associates as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Portfolio Recovery Associates Ratings Report now.

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