3 Stocks Hit 52-Week Highs: US Airways, PetSmart
NEW YORK (TheStreet) -- The following stocks hit 52-week highs on Thursday: US Airways (LCC), PetSmart (PETM) and Bob Evans (BOBE).
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US Airways
"While perhaps somewhat late to the game, we are upgrading the shares of US Airways from Neutral to Buy - the primary catalysts are lower fuel prices, stronger-than-expected domestic yields, and the ability to navigate the current tight capacity environment better than we had expected," Sterne Agee analysts wrote in a May 14 report. "With recent news out of AMR (AAMRQ - $0.52, Neutral), LCC may now have additional optionality into that outcome."
Shares of U.S. Airways hit a 52-week high of $12.23 on Thursday. The stock's 52-week low of $3.96 was set on Nov. 23.
US Airways trades at an estimated price-to-earnings ratio for next year of 4.22 times; the average for airlines companies is 6.02. For comparison, Delta Air Lines (DAL) has a lower forward P/E of 4.2. Twelve of the 15 analysts who cover U.S. Airways rated it buy. Two analysts gave the stock a hold rating and one rated it sell. The stock has risen 135.5% year to date.Select the service that is right for you!
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