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TheStreet Wire

Corn Products International Reaches New 52-Week High (CPO)

By TheStreet Wire 04/20/11 - 09:59 AM EDT

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NEW YORK (TheStreet) -- Corn Products International (NYSE:CPO) hit a new 52-week high Wednesday as it is currently trading at $53.38, above its previous 52-week high of $52.98 with 21,023 shares traded as of 9:36 a.m. ET. Average volume has been 827,700 shares over the past 30 days.

Corn Products International has a market cap of $3.9 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 14.3% year to date as of the close of trading on Tuesday.

Corn Products International, Inc., together with its subsidiaries, manufactures and sells various food ingredients to food and industrial customers in North America, South America, Asia, and Africa. The company has a P/E ratio of 23.3, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 16.3.

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TheStreet Ratings rates Corn Products International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Corn Products International Ratings Report.

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