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

3 Stocks Hit 52-Week Highs: ABT, JBHT, GKSR

NEW YORK ( TheStreet) -- Shares of these stocks hit 52-week highs on Wednesday: Abbott Laboratories (ABT - Get Report), J.B. Hunt Transportation (JBHT - Get Report) and G&K Services (GKSR).

Abbott Laboratories

The pharmaceutical company reported Wednesday encouraging results from a hepatitis C treatment study that showed a cure rate of greater than 90% from a three-drug, all-oral regimen.

"In general, the results appear to make ABT competitive in the all-oral HCV space, however, the results are not flawless," Wells Fargo analysts wrote in a report Wednesday.

Shares of Abbott Laboratories hit a 52-week high Wednesday of $62.57. The stock's 52-week low of $46.29 was set on Aug. 9.

Abbott Laboratories has an estimated price-to-earnings ratio of 11.5 times; the average for pharmaceutical companies is 20.63. For comparison, Pfizer (PFE) has a lower forward P/E of 9.48; Johnson & Johnson's (JNJ) forward P/E is 12.

Thirteen of the 26 analysts who cover Abbott Laboratories rated it hold. Twelve analysts gave the stock a buy rating and one rated it sell.

TheStreet Ratings gives Abbott Laboratories an A grade with a buy rating and a $75.43 price target. The stock has risen 9.5% 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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ABT $38.55 -0.77%
JBHT $83.63 0.28%
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs