This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

4 Stocks Hit 52-Week Highs: Kraft, Comcast

Stocks in this article: MMCHAEKFTCMCSA

NEW YORK ( TheStreet) -- Shares of the following stocks hit 52-week highs on Monday: Kraft Foods (KFT), Comcast (CMCSA), Marsh & McLennan (MMC) and Haemonetics (HAE).

Kraft Foods

The food products company's stock was upgraded to overweight from neutral by JPMorgan analysts on Monday. The analysts gave the stock a $45 price target.

"For 1Q12 (to be reported this Thursday), we are $0.03 above the Street, and for the year we are $0.05 above," JPMorgan analysts wrote in a report Monday. "Besides our optimism about fundamentals, we also think Kraft will push hard to drive strong earnings into one of the most important investor events in its history: the pending separation of GroceryCo and SnackCo, scheduled for 4Q12. Speaking of the split, we think it is possible that event-driven investors gain interest in KFT as the separation - scheduled for 4Q12 - approaches."

Shares of Kraft hit a 52-week high Monday of $39.88. The stock's 52-week low of $31.88 was set on Oct. 4.

Kraft trades at an estimated price-to-earnings ratio for next year of 14.2 times; the average for food products companies is 17.55. For comparison, ConAgra (CAG) has a lower forward P/E of 13.45.

Sixteen of the 21 analysts who cover Kraft Foods rated it buy. Four analysts gave the stock a hold rating and one rated it sell.

The stock has risen 6.64% year to date.

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

Get Adobe Flash player

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs