ConocoPhillips, Caterpillar, Deere Hit Highs
BOSTON (TheStreet) -- U.S. stocks rallied Monday as details of a Greek bailout plan firmed up. These stocks hit 52-week highs amid optimism.
3. Deere
(DE) - Get Deere & Company Report
rose 0.6% to $62.04, hitting a high of $62.39. Shares have returned 5.8% in the past month.
Quarter
: Fiscal first-quarter profit increased 19% to $243 million, or 57 cents. Revenue decreased 6.1%. The operating margin widened from 11% to 12%. Deere has $5 billion of cash and $25 billion of debt, translating to a debt-to-equity ratio of 5.
Stock
: Deere has surged 66% during the past year, outperforming U.S. indices. The stock trades at a price-to-projected-earnings ratio of 15, a price-to-sales ratio of 1.2 and a price-to-cash-flow ratio of 8, 37%, 20% and 28% discounts to industry averages.
Consensus
: Of analysts following Deere, 14, or 58%, advise purchasing its shares and 10 recommend holding them.
Credit Suisse
(CS) - Get Credit Suisse Group AG Report
expects the stock to gain 13% to $70.
Bank of America
(BAC) - Get Bank of America Corp Report
predicts the shares will add another 8% to $67.
TheStreet Recommends
2. Caterpillar
(CAT) - Get Caterpillar Inc. Report
climbed 2.2% to $66.73, achieving a high of $67.
Robert W. Baird
upgraded Caterpillar to "outperform" today, boosting its price target to $88 a share.
Quarter
: Fourth-quarter profit tumbled 65% to $232 million, or 36 cents, as revenue fell 39% to $7.9 billion. The operating margin widened from 8.1% to 10%. Caterpillar has $4.9 billion of cash and $32 billion of debt, converting to a debt-to-equity ratio of 3.6.
Stock
: Caterpillar has doubled during the past year, beating major benchmarks. It sells for a price-to-projected-earnings ratio of 16, a price-to-sales ratio of 1.3 and a price-to-cash-flow ratio of 6.4, 31%, 12% and 42% discounts to peer-group averages.
Consensus
: Of researchers covering Caterpillar, 12 rate its stock "buy", 12 rate it "hold" and two rank it "sell."
Morgan Stanley
(MS) - Get Morgan Stanley Report
expects the stock to advance 5% to $70.
RBC
(RY) - Get Royal Bank of Canada Report
rates the stock "outperform", but considers it fairly valued.
1. ConocoPhillips
(COP) - Get ConocoPhillips Report
increased 1.2% to $55.96, hitting a high of $56.17. Chinese refiner
Sinopec
is purchasing Conoco's position in oil-sands company
Syncrude
.
Quarter
: ConocoPhillips swung to a fourth-quarter profit of $1.2 billion, or 81 cents, as revenue declined 3.6%. The operating margin remained steady at 6%. ConocoPhillips has $542 million of cash and $34 billion of debt, equal to a debt-to-equity ratio of 0.5.
Stock
: ConocoPhillips has risen 39% during the past year, less than the
S&P 500 Index
. It trades at a price-to-projected-earnings ratio of 7.8, a price-to-book ratio of 1.3 and a price-to-sales ratio of 0.6, 45%, 71% and 76% discounts to industry averages.
Consensus
: Of firms rating ConocoPhillips, seven advocate purchasing its shares, 11 suggest holding and two counsel selling them.
Deutsche Bank
(DB) - Get Deutsche Bank AG Report
predicts the stock will rise 18% to $66.
UBS
(UBS) - Get UBS Group AG Report
rates ConocoPhillips "neutral."
View Stockpickr's Daily 52-Week Highs Portfolio
-- Reported by Jake Lynch in Boston.
