News Corp., Time Warner, CBS Hit Highs
BOSTON (TheStreet) -- U.S. stocks tumbled Monday as the SEC accused Goldman Sachs (GS) - Get Report of defrauding investors. These stocks hit 52-week highs.
3. CBS
(CBS) - Get Report
fell 2.5% to $15.51, hitting a high of $16.10. Shares of the media company have gained 6.2% during the past month.
Quarter
: Fourth-quarter profit decreased 57% to $59 million, or 9 cents a share, as revenue declined 0.8%. The operating margin declined from 13% to 12%. CBS has $717 million of cash and $7 billion of debt, amounting to a debt-to-equity ratio of 0.8.
Stock
: CBS has almost tripled during the past year, outperforming U.S. stock-market indices. It trades at a price-to-projected-earnings ratio of 13 and a price-to-book ratio of 1.1, 30% and 69% discounts to industry averages. It's also cheap based on sales.
Consensus
: Of analysts covering CBS, 10, or 40%, advise purchasing its shares, 14 recommend holding and one suggests selling them.
JPMorgan Chase
(JPM) - Get Report
expects the stock to advance 15% to $18.
Morgan Stanley
(MS) - Get Report
predicts it will hit $17.
2. Time Warner
(TWX)
rose 0.3% to $33, achieving a high of $33.10. Shares of the media company have increased 6.3% during the past month.
Quarter
: Time Warner swung to a fourth-quarter profit of $627 million, or 51 cents, from a loss of $16 billion, or $5.46, a year earlier. Revenue grew 2.2%. The operating margin widened to 19%. Time Warner has $4.8 billion of cash and $15 billion of debt.
Stock
: Time Warner has gained 39% during the past year, more than the
S&P 500 Index
. The stock sells for a price-to-projected-earnings ratio of 13 and a price-to-book ratio of 1.1, 29% and 69% discounts to media industry averages.
Consensus
: Of researchers following Time Warner, 20 rate its stock "buy" and eight rate it "hold."
Credit Suisse
(CS) - Get Report
projects the shares will touch $37, a potential gain of 12%.
Deutsche Bank
(DB) - Get Report
thinks they will rise to $35.
1. News Corp.
(NWSA) - Get Report
declined 0.2% to $15.75, hitting a high of $16. Shares of the media company have returned 12% during the past month.
Quarter
: News Corp. swung to a fourth-quarter profit of $254 million, or 10 cents, from a loss of $6.4 billion, or $2.45, a year earlier. Revenue increased 10%. The operating margin extended to 14%. News Corp. has $7.3 billion of cash and $15 billion of debt.
Stock
: News Corp. has doubled during the past year, outpacing U.S. benchmarks. It sells for a price-to-projected-earnings ratio of 14 and a price-to-book ratio of 1.6, 25% and 56% discounts to industry averages. It's also cheap based on sales.
Consensus
: Of firms rating News Corp., 11, or 52%, advocate purchasing its shares, nine recommend holding and one suggests selling them.
Bank of America
(BAC) - Get Report
expects the stock to advance 40% to $22.
Needham & Co.
believes it will hit $20.
View Stockpickr's Daily 52-Week Highs Portfolio
-- Reported by Jake Lynch in Boston.