4 Stocks Hitting 52-Week Highs: NWSA, CAT, LMT, V
Each of the stocks is rated buy at TheStreet Ratings .
"We are reducing our News Corp. (NWS-$19.83; NWSA-$19.03 - Buy -Target $24) estimates to reflect timing issues that shift NBA-related production and affiliate fee expenses into 2H12, and Ice Age sequel-related P&A into 4Q12 while the revenue will flow in 2013," Miller Tabak analysts wrote in a Feb. 15 report. "Also, we expect more Publishing headwinds from the in-store integrated marketing business and from challenging ad markets in the UK and Australia."
Shares of News Corp hit a 52-week high Friday of $19.84. The stock's 52-week low of $13.38 was set on Aug. 9.
News Corp has an estimated price-to-earnings ratio for next year of 11.64; the average for broadcast and entertainment companies is 17.68. For comparison, Walt Disney (DIS) and Time Warner Cable (TWC) both have higher forward P/Es of 12.18 and 11.77, respectively.
Nineteen of the 27 analysts who cover News Corp rated it a buy. Eight analysts gave it a hold rating.
TheStreet Ratings gives News Corp an A+ grade with a $23.76 price target. The stock has risen 9.87% year to date.
"CAT's tax disclosure highlights that on a consolidated basis, the US contributed 25% to the top-line growth, yet represented 49% of the pre-tax profit growth," Bank of America Merrill Lynch analysts wrote in a report Thursday. "In '10, the US was 31% of the top-line growth and 45% of the profit growth. While CAT's top-line growth is geared to the international markets, it is the US business that drives operating leverage. As the US continues to recover in '12 and '13, CAT is likely to derive a disproportionate amount of its profit growth from the region."
Shares of Caterpillar hit a 52-week high Friday of $116.95. The stock's 52-week low of $67.54 was set on Oct. 4.
Caterpillar has a forward P/E of 10.25; the average for commercial vehicles and trucks companies is 12.43. For comparison, Deere(DE) has a lower forward P/E of 9.88.
Nineteen of the 26 analysts who cover Caterpillar rated it buy. Seven analysts gave the stock a hold rating.
Caterpillar gets an A- grade from TheStreet Ratings with a $142.52 price target. The stock has risen 28.48% year to date.
"We still see a growth trajectory for F-35 program, but reaching just over half the level in 2015 planned 18mo ago following the most recent round of cuts," Deutsche Bank analysts wrote in a Jan. 26 report. "With the US putting the program in a holding pattern at