Wells Fargo, Caterpillar, Kodak Hit Highs
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 Deutsche Bank AG Report
and
Citigroup
(C) - Get Citigroup Inc. Report
TheStreet Recommends
believe the shares are overvalued, expecting them to drop 37% to $5.
2. Caterpillar
(CAT) - Get Caterpillar Inc. 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 Morgan Stanley Report
and
Bank of America
(BAC) - Get Bank of America Corp Report
expect the stock to gain 7% to $70.
Goldman Sachs
(GS) - Get Goldman Sachs Group, Inc. Report
is neutral on the stock.
1. Wells Fargo
(WFC) - Get Wells Fargo & Company 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 Raymond James Financial, Inc. Report
projects a share price of $42, a potential 31% gain.
JPMorgan
(JPM) - Get JPMorgan Chase & Co. Report
expects the stock to hit $36.50.
View Stockpickr's Daily 52-Week Highs Portfolio
-- Reported by Jake Lynch in Boston.
