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

5 Stocks Hit 52-Week Highs: Cost Plus, News Corp

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

Get Adobe Flash player


"We are raising our F2Q estimate from $0.72 to $0.85 by raising our top-line growth assumption in the Paints group, as well as our margin expectation," Credit Suisse analysts wrote in a May 2 report. "For subsequent quarters, we are currently maintaining our estimates until we get a better handle on the magnitude of the weather benefit in the current quarter as well as to remain cautious on currently soft Asian (Chinese) paint volumes. In addition, we would note that if the housing recovery and coatings demand continue to improve, this along with sustained titanium ore cost increases could result in the pace of TiO2 prices starting to speed up again. With this risk still persisting as well as a rather full valuation on our new estimates, we remain on the sidelines with the stock. While are raising our TP to $54 (to reflect ~9.5x our new F2013 EBITDA), we are maintaining our Neutral rating."

Shares of Valspar hit a 52-week high Thursday of $52.71. The stock's 52-week low of $27.44 was set on Aug. 8.

Valspar's forward P/E is 14.74; the average for building materials and fixtures companies is 33.31. For comparison, Masco (MAS) has a higher forward P/E of 23.04.

Eight of the 13 analysts who cover Valspar rated it hold; five analysts gave the stock a buy rating.

The stock has risen 35.75% year to date.

News Corp

The media company reported on Wednesday third-quarter net income of $937 million, or 38 cents a share, up from year-earlier earnings of $639 million, or 24 cents a share. On an adjusted basis, third-quarter earnings were 37 cents a share.

Analysts, on average, expected earnings of 31 cents a share, according to Thomson Reuters.

Shares of News Corp hit a 52-week high Thursday of $20.50. The stock's 52-week low of $13.38 was set on Aug. 9.

News Corp's forward P/E is 12.01; the average for broadcast and entertainment companies is 25.35. For comparison, Walt Disney (DIS) has a higher forward P/E of 13.13.

Nineteen of the 29 analysts who cover News Corp rated it buy. Nine analysts gave the stock a hold rating and one rated it sell.

The stock has risen 15.19% year to date.

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

Get Adobe Flash player

-- Written by Alexandra Zendrian

>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.
3 of 3

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
FDO $0.00 0.00%
ADM $39.94 0.00%
NWSA $12.42 0.00%
VAL $106.69 0.00%
AAPL $93.74 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs