Fleetcor Technologies Inc. (FLT): Today's Featured Diversified Services Laggard

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Fleetcor Technologies ( FLT) pushed the Diversified Services industry lower today making it today's featured Diversified Services laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Fleetcor Technologies fell $3.46 (-2.8%) to $118.73 on heavy volume. Throughout the day, 2,096,246 shares of Fleetcor Technologies exchanged hands as compared to its average daily volume of 805,700 shares. The stock ranged in price between $117.63-$120.21 after having opened the day at $119.30 as compared to the previous trading day's close of $122.19. Other companies within the Diversified Services industry that declined today were: Ulta Salon Cosmetics & Fragrances ( ULTA), down 20.5%, China Distance Education Holdings ( DL), down 5.2%, Odyssey Marine Exploration ( OMEX), down 4.8% and YY ( YY), down 4.2%.

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 $10.0 billion and is part of the services sector. The company has a P/E ratio of 37.4, above the S&P 500 P/E ratio of 17.7. Shares are up 127.7% 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 3 rate it a hold.

TheStreet Ratings rates Fleetcor Technologies 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 is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the positive front, EnviroStar ( EVI), up 21.8%, WidePoint Corporation ( WYY), up 18.1%, VirtualScopics ( VSCP), up 6.9% and Intersections ( INTX), up 6.0% , were all gainers within the diversified services industry with Alliance Data Systems Corporation ( ADS) being today's featured diversified services industry leader.

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 ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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