5 Stocks Hitting 52-Week Highs: ACAT, KLAC, SYNA, ALGT, HNT

Allegiant Travel

The travel company is adding a new operations base at Oakland International Airport on April 26, the company announced on Tuesday.

"ALGT trades at a 60% premium to the sector on earnings and EBITDA, yet its earnings have underperformed in recent quarters, and we see greater risk to estimates, given accelerating growth in the face of an overleveraged consumer, new fare rules that make its prices seem less attractive, and the introduction of a new fleet type," Bank of America Merrill Lynch analysts wrote in a report on Jan. 10.

Shares of Allegiant hit a 52-week high of $55.85 on Friday. The stock's 52-week low of $38.95 on April 15.

Allegiant Travel gets a B+ grade from TheStreet Ratings and a price target of $68.08. Shares have risen 3.72% year to date.

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Health Net

The managed health care services provider sold its Medicare PDP business to CVS Caremark(CVS) earlier in January.

"HNT's sale of its Medicare PDP business (4% of revenue) to CVS Caremark is on the low end of other recent industry transactions," Jefferies analysts wrote in a report on Jan. 9. "PDP was a source of earnings headwind in 2011, as sanctions caused about a 12% membership decline and MLRs were higher than expected. Nonetheless, PDP seemed ready to rebound in 2012, and we question whether HNT is getting enough consideration."

Shares of Health Net hit a 52-week high on Friday of $37.31. The stock's 52-week low of $20.51 was set on Aug. 9.

TheStreet Ratings gives Health Net a B+ grade and a $41.06 price target. The stock has risen 22.52% year to date.

--Written by Alexandra Zendrian in New York.

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