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NEW YORK (
TheStreet) - Shares of
News Corp(NWS - Get Report),
Penske Automotive Group(PAG - Get Report) and
Sovran Self Storage(SSS - Get Report) all reached 52-week highs on Monday.
Each of these stocks received a buy rating from
The media company is scheduled to report its second-quarter results on Wednesday. Analysts, on average, anticipate earnings of 34 cents a share.
"We estimate EBIT [earnings before interest and taxes] of $1.471b, up +14% and modestly above consensus, driven by Film (+59%), TV (+14%), Cable Nets (+15%), Sky Italia improving $29m Y/Y and Other improving $56m Y/Y, while Print deteriorates -38% (to only 16% of EBIT down from 26% just 4 yrs ago)," Deutsche Bank analysts wrote in a report on Saturday.
Shares of News Corp hit a 52-week high of $20.16 on Monday. The stock's 52-week low of $13.83 was set on Aug. 9.
News Corp has a forward price-to-earnings ratio of 11.89X, which is about half of the 22.50X average for broadcasting and entertainment companies.
Time Warner(TWX) has a 12.02X forward P/E.
Of the eight analysts who cover the company, five rated it a buy. The remaining three called it a hold.
TheStreet Ratings gives News Corp a B+ grade and has a
$22.84 price target on the shares. The stock has risen 10.67% year to date.