5 Stocks Hitting 52-Week Highs: NI, DHR, HUB-B, TXT, RGR
Shares of the Merillville, Ind.-based energy company hit a 52-week high of $24.73 on Monday. The stock's 52-week low of $17.95 was set on Aug. 9.
NiSource's stock trades at an estimated price-to-earnings ratio for next year of 16.3X; the average for gas distribution companies is 18.39X. For comparison, Spectra Energy (SE) has a lower forward P/E of 15.59X; Oneok's(OKE) forward P/E is 19.94X.
Nine of the 11 analysts who cover NiSource rate at it hold. One analyst gives the stock a buy rating and another rates it at sell.
"We believe 2012 will have multiple positive catalysts for the shares including raising the dividend and establishing a payout policy, additional infrastructure opportunities in the Marcellus and Utica shale plays, and incremental detail around the transmission pipe modernization opportunity," KeyBanc Capital Markets analysts wrote in a March 21 report.
TheStreet Ratings gives NiSource a B grade with a buy rating and $31.83 price target.
Shares of the diversified industrial company hit a 52-week high Monday of $56.45. The stock's 52-week low of $39.34 was set on Oct. 4.
Danaher's stock trades at a forward P/E of 15.24X; the average for diversified industrials companies is 12.99X. For comparison, General Electric (GE) and 3M(MMM) have lower forward P/Es of 11.37X and 12.92X, respectively.
Nineteen of the 24 analyst who cover Danaher rate it at buy. Four analysts give the stock a hold rating and one rates it at sell.
TheStreet Ratings gives Danaher an A+ grade with a buy rating and $63.56 price target.
Shares of Hubbell hit a 52-week high of $80.45. The stock's 52-week low of $46.81 was set on Oct. 4.
Hubbell's stock trades at a forward P/E of 14.59X; the average for electrical components is 13.64X. For comparison, Jabil(JBL) and Avnet(AVT) both have lower forward P/Es of 8.42X and 8.04X, respectively.
Seven of the 10 analysts who cover Hubbell rated it buy; three analysts gave the stock a hold rating.
"HUBB reported an acquisition pipeline with more actionable opportunities than ever (maintaining bias to bolt-ons), and noted orders are at or above expectations (broad-based), and based on current trends we would anticipate 2012 revenue growth more at the high end of 4-6% guidance," Oppenheimer analysts wrote in a March 1 report. "HUBB is clearly increasingly focused on international growth opportunities, anchored by Power Systems' manufacturing facilities in Brazil and China, and Electrical Systems' engineering and back-office services center in India."