This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks Hitting 52-Week Highs: News Corp, Penske, Sovran

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 TheStreet Ratings.

News Corp

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.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
NWS $15.47 0.26%
PAG $52.67 -1.10%
SSS $90.54 -0.51%
AAPL $134.68 3.40%
FB $81.81 0.34%


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs