Bank of America, Chevron, Cisco Hit Highs

Cisco, Chevron and Bank of America hit 52-week highs Thursday.
Author:
Publish date:

BOSTON (TheStreet) -- U.S. stocks rallied Thursday as data showed gains in manufacturing and productivity. These Dow Jones Industrial Average stocks hit 52-week highs.

3. Cisco Systems

(CSCO) - Get Report

rose 1.2% to $27.21, hitting a high of $27.25. Shares of the tech. equipment maker have climbed 4.3% during the past month.

Quarter

: Fiscal second-quarter profit increased 23% to $1.9 billion, or 32 cents a share, as revenue grew 8%. The operating margin extended from 20% to 24%. Cisco has $40 billion of cash and $15 billion of debt, amounting to a debt-to-equity ratio of 0.4.

Stock

: Cisco has advanced 55% during the past year, outpacing U.S. stock indices. It trades at a price-to-projected-earnings ratio of 15, a 23% discount to the industry average. It's expensive based on book value, sales and cash flow per share.

Consensus

: Of analysts covering Cisco, 36, or 82%, advise purchasing its shares and eight recommend holding them.

Deutsche Bank

(DB) - Get Report

and

Credit Suisse

(CS) - Get Report

expect the stock to rise 18% to $32.

Piper Jaffray

(PJC) - Get Report

predicts it will hit $31.

2. Chevron

(CVX) - Get Report

climbed 1.3% to $81.59, achieving a high of $81.76. Shares of the oil producer have increased 11% during the past month.

Quarter

: Fourth-quarter profit decreased 37% to $3.1 billion, or $1.53, as revenue expanded 11%. The operating margin narrowed from 14% to 10%. Chevron has $8.8 billion of cash and $11 billion of debt, amounting to a debt-to-equity ratio of 0.1.

Stock

: Chevron has returned 22% during the past year, less than domestic stock benchmarks. The stock sells for a price-to-projected-earnings ratio of 8.1 and a price-to-book ratio of 1.7, 43% and 59% discounts to oil-and-gas industry averages.

Consensus

: Of researchers following Chevron, 18, or 75%, rate its stock "buy" and six rate it "hold."

Citigroup

(C) - Get Report

expects Chevron to touch $97, a potential 20% gain.

Barclays

(BCS) - Get Report

predicts it will hit $96 and

Raymond James

(RJF) - Get Report

says $95.

1. Bank of America

(BAC) - Get Report

rose 0.4% to $19.48, hitting a high of $19.86. Shares of the financial company have gained 16% during the past month.

Quarter

: Bank of America's fourth-quarter loss narrowed to $194 million from $1.8 billion a year earlier, but the loss per share widened to 60 cents from 48 cents on a larger float. Revenue increased 29%. The operating margin expanded to 15%.

Stock

: Bank of America has soared 87% during the past year, outperforming U.S. indices. The stock trades at a price-to-projected-earnings ratio of 9.2 and a price-to-sales ratio of 1.1, 64% and 39% discounts to financial industry averages.

Consensus

: Of firms rating Bank of America, 26, or 81%, advocate purchasing its shares and six counsel holding them.

Morgan Stanley

(MS) - Get Report

expects the stock to gain 43% to $28.

JPMorgan

(JPM) - Get Report

is less optimistic, expecting its shares to hit $23.50.

View Stockpickr's Daily 52-Week Highs Portfolio

-- Reported by Jake Lynch in Boston.