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EMC, Corning, Eastman Kodak Hit Highs

EMC, Corning and Eastman Kodak hit 52-week highs Monday.
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BOSTON (TheStreet) -- U.S. stocks were mixed Monday after the Treasury said it would begin to sell its shares of Citigroup (C) - Get Citigroup Inc. Report. Eastman Kodak (EK) , Corning (GLW) - Get Corning Inc Report and EMC (EMC) recorded 52-week highs.


Eastman Kodak gained 11% to $8.90, hitting a high of $9.08. Shares of the imaging company have risen 49% during the past month. It is scheduled to release its first-quarter numbers on Thursday.


: Eastman Kodak swung to a fourth-quarter profit of $443 million, or $1.33 a share, as revenue grew 6.1% to $2.6 billion. The operating margin turned positive. The company holds $2 billion of cash and $1.2 billion of debt. It has a quick ratio of 1.2.


: Eastman Kodak has more than doubled during the past year, outperforming stock indices. It trades at a price-to-sales ratio of 0.3, a 79% discount to its peer average. Eastman Kodak posted losses in four of the past five quarters.


: Of analysts covering Eastman Kodak, none advise purchasing its shares, three recommend holding and three suggest selling them. Citigroup and

Deutsche Bank

(DB) - Get Deutsche Bank AG Report

value Eastman Kodak at $5 a share, implying the stock is 77% overpriced.


Corning climbed 0.4% to $20.92, achieving a high of $21. Shares of the specialty glass maker have gained 5.7% during the past month. It's scheduled to report first-quarter numbers on Wednesday.


: Fourth-quarter profit tripled to $740 million, or 47 cents, as revenue grew 41% to $1.5 billion. The operating margin turned positive. Corning has $3.6 billion of cash and $2 billion of debt. It has a quick ratio of 2.8.

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: Corning has advanced 36% during the past year, less than the

S&P 500

. It sells for a price-to-projected-earnings ratio of 10 and a price-to-book ratio of 2.1, 53% and 14% discounts to peer averages. It's expensive based on cash flow.


: Of researchers following Corning, 15, or 75%, rate its stock "buy" and five rate it "hold."

Buckingham Group

expects it to rise 43% to $30.

Thomas Weisel


says it could hit $26.


(BCS) - Get Barclays Plc Report

predicts the shares will touch $24.


EMC closed flat at $19.98, hitting a high of $20. Shares of the digital storage company have climbed 7.7% during the past month.


: First-quarter net income soared 92% to $373 million and earnings per share gained 70% to 17 cents, hurt by a larger float. Revenue grew 23%. The operating margin rose from 9% to 14%. EMC has $6.9 billion of cash and $3.1 billion of debt.


: EMC has risen 67% during the past year, outpacing U.S. stock benchmarks. It trades at a price-to-book ratio of 2.6 and a price-to-cash-flow ratio of 11, 53% and 22% discounts to peer averages. It's fairly valued based on sales.


: Of firms rating EMC, 31, or 72%, advocate purchasing its shares, 12 recommend holding them and none advise selling.

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report



(JEF) - Get Jefferies Financial Group Inc. Report

and Barclays project a share price of $25, leaving a potential 25% return.

View Stockpickr's Daily 52-Week Highs Portfolio

-- Reported by Jake Lynch in Boston.