Wells Fargo, Caterpillar, Kodak Hit Highs

Eastman Kodak, Caterpillar and Wells Fargo hit highs Tuesday.

Author:: Jake Lynch
Publish date:: Apr 6, 2010 4:44 PM EDT

BOSTON (TheStreet) -- U.S. stocks were mixed Tuesday as Greek bonds sold off amid concerns about the European Union's rescue plan. These stocks recorded 52-week highs.

3. Eastman Kodak

(EK)

fell 0.9% to $6.72, recording a high of $7.05.

Quarter

: Kodak swung to a fourth-quarter profit of $443 million, or $1.33 a share, from a loss of $918 million, or $3.40, a year earlier. Revenue grew 6.1% to $2.6 billion. The operating margin widened to 18%. Kodak has $2 billion of cash and $1.2 billion of debt.

Stock

: Kodak has advanced 64% during the past year, outpacing U.S. indices. It trades at a price-to-sales ratio of 0.2, an 83% discount to the industry average. Kodak has suffered losses in four of the past five quarters. It is forecasted to earn 58 cents in 2010.

>> Who Owns Kodak?: Prince Al-Waleed

Consensus

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

Deutsche Bank

(DB) - Get Report

and

Citigroup

believe the shares are overvalued, expecting them to drop 37% to $5.

2. Caterpillar

(CAT) - Get Report

climbed 0.5% to $65.29, achieving a high of $65.47.

Quarter

: Fourth-quarter profit plummeted 65% to $232 million, or 36 cents, as revenue decreased 39%. The operating margin expanded from 8.1% to 10%. Caterpillar has $4.9 billion of cash and $32 billion of debt, translating to a debt-to-equity ratio of 3.6.

Stock

: Caterpillar has more than doubled during the past year, beating major benchmarks. The stock sells for a price-to-projected-earnings ratio of 16 and a price-to-cash-flow ratio of 6.3, 31% and 42% discounts to its peer-group averages.

Consensus

: Of researchers covering Caterpillar, 11 rate its stock "buy", 13 rate it "hold" and two rank it "sell."

Morgan Stanley

(MS) - Get Report

and

Bank of America

(BAC) - Get Report

expect the stock to gain 7% to $70.

Goldman Sachs

(GS) - Get Report

is neutral on the stock.

1. Wells Fargo

(WFC) - Get Report

jumped 2.4% to $32.28, hitting a high of $32.39.

Quarter

: Wells Fargo swung to a fourth-quarter profit of $2.8 billion, or 8 cents, from a loss of $2.7 billion, or 84 cents, a year earlier. Revenue more than doubled to $25 billion. The operating margin extended to 33%. Wells has $67 billion of cash and $243 billion of debt.

Stock

: Wells Fargo has more than doubled during the past year, outperforming U.S. indices. The stock trades at a price-to-projected-earnings ratio of 11 and a price-to-cash-flow ratio of 5.7, 43% and 59% discounts to financial industry averages.

Consensus

: Of firms rating Wells, 17 advocate purchasing its shares, nine counsel holding and five say to sell them.

Raymond James

(RJF) - Get Report

projects a share price of $42, a potential 31% gain.

JPMorgan

(JPM) - Get Report

expects the stock to hit $36.50.

View Stockpickr's Daily 52-Week Highs Portfolio

-- Reported by Jake Lynch in Boston.