BOSTON (TheStreet) -- U.S. stocks rallied Friday as March new-home sales increased 27%. MGM Mirage (MGM) - Get MGM Resorts International Report, Royal Caribbean (RCL) - Get Royal Caribbean Group Report and Carnival (CCL) - Get Carnival Corporation Report hit 52-week highs.
MGM Mirage rose 1% to $15.89, hitting a high of $16.47. Shares of the casino and hotel owner have rallied 27% during the past month.
: MGM's fourth-quarter loss narrowed to $434 million, or 98 cents a share, from $1.1 billion, or $4.15, a year earlier. Revenue declined 11%. The operating margin fell from 7.8% to 2.5%. MGM holds $2.1 billion of cash and $14 billion of debt.
: MGM has nearly tripled during the past year, outperforming U.S. stock indices. It trades at a price-to-book ratio of 1.8 and a price-to-sales ratio of 1.2, 71% and 56% discount to peer averages. It's fairly valued based on cash flow.
: Of analysts covering MGM, six, or 29%, advise purchasing its shares, 10 recommend holding and five suggest selling them.
expects the stock to climb 24% to $20.
predicts that the shares will hit $17.50.
Royal Caribbean Cruises jumped 3.5% to $36.25, achieving a high of $36.52. Shares of the cruise operator have risen 7.9% during the past month.
: Fourth-quarter profit doubled to $3.4 million, or 2 cents. Revenue declined marginally. The operating margin rose from 4.4% to 5.7%. Royal Caribbean has $285 million of cash and $8.4 billion of debt, equal to a debt-to-equity ratio of 1.1.
: Royal Caribbean has soared 163% during the past year, beating U.S. benchmarks. It sells for a PEG ratio, a measure of value relative to expected growth, of 0.3, a 79% discount to its peer average. A ratio less than 1 indicates a bargain.
: Of researchers following Royal Caribbean, 19, or 59%, rate its stock "buy", 11 rate it "hold" and two rate it "sell."
expects it to rise 11% to $40.
says the shares are fairly priced at $36.
Carnival increased 2.8% to $42.77, hitting a high of $42.81. Shares of the cruise operator and hotel owner have returned 10% during the past month.
: Fiscal first-quarter profit fell 33% to $175 million, or 22 cents, as revenue grew 7.4%. The operating margin dropped from 11% to 6.2%. Carnival has $753 million of cash and $11 billion of debt, equal to a debt-to-equity ratio of 0.5.
: Carnival has gained 54% during the past year, more than the
S&P 500 Index
. It trades at a price-to-projected-earnings ratio of 15 and a price-to-book ratio of 1.5, 55% and 76% discounts to peer averages. It's also cheap based on sales.
: Of firms rating Carnival, 14, or 67%, rate its stock "buy", five rate it "hold" and two rank it "sell."
expects it to hit $49, leaving a potential 15% return.
believes the shares will hit $48.
-- Reported by Jake Lynch in Boston.