NEW YORK ( TheStreet) -- These stocks rose to 52-week highs on Monday: Hershey (HSY), Six Flags (SIX), Duke Energy (DUK), Dunkin' Brands (DNKN), PetSmart (PETM), TJX (TJX), Southern (SO), Dollar Tree (DLTR), Dollar General (DG) and Consolidated Edison (ED).
"We add HSY to the Americas Conviction List as we raise incremental consumer staples exposure to the consumer sleeve of our Conviction List," Goldman Sachs analysts wrote in a June 12 report. "HSY offers best-in-class visibility to outsized revenue and earnings growth over the next two years. Our FY13/FY14E EPS of $3.64/$3.98 are 3%/5% ahead of the Street. Our path to nearly $4 in 2014 anticipates abatement of input cost inflation in FY13, a return to normalized category growth in North America next year and continued momentum in HSY's emerging markets. Incremental upside could stem from (1) cost deflation rather than stagnation and (2) aggressive cash deployment."
Shares of Hershey hit a 52-week high on Monday of $69.98. The stock's 52-week low of $53.83 on Aug. 9.Hershey trades at an estimated price-to-earnings ratio for next year of 22.86 times; the average for its peers is 19.24. For comparison, Kraft Foods (KFT) has a lower forward P/E of 16.51. Nine of the 17 analysts who cover Hershey rated it hold; eight analysts gave the stock a buy rating. The stock has risen 12.98% year to date.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV