6 Stocks Hit 52-Week Highs: SRE, UA, PNC, WOLF, EL, NCR
"SRE remains one of the more diverse, well-managed companies in our universe, with significant alternatives available to create shareholder value," Goldman Sachs analysts wrote in an April 5 report. "Our sum-of the parts analysis (SOTP) incorporates a value for SRE's potential Cameron LNG export project - we assume a 33% probability of project completion, coming online in 2017, with roughly $5 of value embedded in our target price, but implying another $10 of upside potential to our target price if incremental clarity emerges on contracting, permitting and gaining federal approvals for this project. Using P/E multiple analysis on 2012/2013 EPS estimates and comparing to other Regulated Utilities/Diversified Utilities implies limited upside."
Shares of Sempra Energy hit a 52-week high Friday of $64.53. The stock's 52-week low of $44.78 was set on Aug. 9.
Sempra trades at an estimated price-to-earnings ratio for next year of 14.74 times; the average for multiutilities is 14.78. For comparison, Duke Energy (DUK) has a lower forward P/E of 14.17.
Six of the 11 analysts who cover Sempra Energy rated it hold. Four analysts gave the stock a buy rating and one rated it sell.
TheStreet Ratings gives Sempra Energy an A grade with a buy rating and $72.64 price target. The stock has risen 17.35%.
The athletic apparel retailer reported first-quarter earnings Friday of $15 million, or 28 cents a share, up from year-earlier earnings of $12 million, or 23 cents a share. Analysts, on average, expected earnings to be 25 cents a share.
"Cleaner inventories reduce a major risk but expense timing pushes EPS out to 4Q," Jefferies analysts wrote in a report Friday. "We are incrementally more positive but would not chase.
Shares of Under Armour hit a 52-week high of $101.43 on Friday. The stock's 52-week low of $52.62 was set on Aug. 19.
Under Armour's forward P/E is 33.75; the average for clothing and accessories companies is 16.27. For comparison, Columbia Sportswear (COLM) has a lower forward P/E of 13.87.
Nineteen of the 30 analysts who cover Under Armour rated it hold. Ten analysts gave the stock a buy rating and one rated it sell.
TheStreet Ratings gives Under Armour a B grade with a buy rating and $124.79 price target. The stock has risen 41.62% year to date.
The bank reported Wednesday first-quarter earnings of $811 million, or $1.44 a share, up from year-earlier earnings of $493 million, or 85 cents.