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 Hitting 52-Week Highs

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

Get Adobe Flash player

Churchill Downs

The company reported first-quarter earnings on Monday of $1.35 million, or 8 cents a share, a reversal from a year-earlier loss of $3.19 million, or 19 cents a share.

Shares of Churchill Downs hit a 52-week high on Tuesday of $61.90. The stock's 52-week low of $36.67 was set on Sept. 30.

Churchill Downs' shares forward P/E is 18.3X; the average for gambling companies is 13.7X. For comparison, Bally Technologies (BYI) has a lower forward P/E of 15X.

Analyst comment:

"CHDN remains very compelling, in our view," Brean Murray said in a mid-March report. "CHDN trades at a 2012 EV/EBITDA [enterprise value/earnings before interest, taxes, depreciation and amortization] of 6.8x, should generate $6.00 of FCF [free cash flow] per share, and has strong growth prospects including plans to open its 4th casino at a racetrack in Lebanon, Ohio through a 50% owned JV and a balance sheet levered at less than 1.0x, which should permit continuation of its very successful acquisition strategy. Additionally, the company is well positioned to benefit from legislation that allows online poker through its recent acquisition of and a potential expansion of gaming in Illinois that will likely be an issue again this spring."

All five of the analysts who cover Churchill Downs rate it at buy.

The stock has risen 17.77% year to date.

Post Properties

The real estate investment trust reported first-quarter earnings Monday of $20.9 million, or 39 cents a share, a reversal from a year-earlier loss of $0.4 million, or a penny a share.

Shares of Post Properties hit a 52-week high Tuesday of $49.89. The stock's 52-week low of $32.18 was set on Oct. 4.

Post Properties' shares trade at a forward P/E of 44.8X; the average for residential REITs is 48.1X. For comparison, AvalonBay (AVB) shares trade at a higher forward P/E of 45.3X.

Ten of the 19 analysts who cover Post rate it at buy. Eight analysts give the stock a hold rating and one rates it at sell.

The stock has risen 13.2% year to date.

-- Written by Alexandra Zendrian in New York.

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to:

>To follow the writer on Twitter, go to Alexandra Zendrian.
2 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
CHDN $138.76 -0.09%
PPS $59.92 0.37%
SKT $34.60 1.14%
AAPL $109.50 -1.16%
FB $92.47 0.08%


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs