Carnival, Royal Caribbean, MGM Hit Highs

Carnival, Royal Caribbean and MGM Mirage hit 52-week highs Friday.
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BOSTON (TheStreet) -- U.S. stocks rallied Friday as March new-home sales increased 27%. MGM Mirage (MGM) - Get Report, Royal Caribbean (RCL) - Get Report and Carnival (CCL) - Get Report hit 52-week highs.

3.

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.

Quarter

: 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.

Stock

: 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.

Consensus

: Of analysts covering MGM, six, or 29%, advise purchasing its shares, 10 recommend holding and five suggest selling them.

Barclays

(BCS) - Get Report

expects the stock to climb 24% to $20.

Goldman Sachs

(GS) - Get Report

predicts that the shares will hit $17.50.

2.

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.

Quarter

: 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.

Stock

: 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.

Consensus

: Of researchers following Royal Caribbean, 19, or 59%, rate its stock "buy", 11 rate it "hold" and two rate it "sell."

Stifel Financial

(SF) - Get Report

expects it to rise 11% to $40.

Citigroup

(C) - Get Report

says the shares are fairly priced at $36.

1.

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.

Quarter

: 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.

Stock

: 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.

Consensus

: Of firms rating Carnival, 14, or 67%, rate its stock "buy", five rate it "hold" and two rank it "sell."

Morgan Stanley

(MS) - Get Report

expects it to hit $49, leaving a potential 15% return.

Raymond James

(RJF) - Get Report

believes the shares will hit $48.

View Stockpickr's Daily 52-Week Highs Portfolio

-- Reported by Jake Lynch in Boston.