2 Stocks Hitting 52-Week Highs: Rackspace, Curtiss-Wright
NEW YORK (
) -- Shares of
Rackspace Hosting
(RAX)
and
Curtiss-Wright
(CW) - Get Report
reached 52-week highs on Tuesday.
Both of the companies received a buy rating from
TheStreet Ratings
.
|
Rackspace Hosting
The ccoud computing software maker reported fourth-quarter earnings Tuesday of $25 million, or 18 cents a share, on revenue of $283.3 million in revenue. Analysts
earnings of 15 cents a share on revenue of $281 million.
The stock was upgraded to buy from hold by Benchmark analysts on Tuesday.
"Rackspace traded to $52 after-hours, or 16x 2012E
earnings before interest, taxes, depreciation and amortization," Benchmark analysts wrote in a report Tuesday. "But as the pure-play cloud leader with robust operating momentum and 30% organic EBITDA growth, we believe the stock can go higher."
Shares of Rackspace hit a 52-week high Tuesday of $55.26. The stock's 52-week low of $30.34 was set on Oct. 4.
Rackspace has a forward P/E of 47.69; the average for Internet companies is 23.57. For comparison,
Akamai
(AKAM) - Get Report
and
IAC/InterActiveCorp
(IACI)
both have lower forward P/Es of 20.65 and 14.08, respectively.
Thirteen of the 21 analysts have a buy rating on Rackspace. Seven analysts said it's a hold and one rated it a sell.
Rackspace gets a B grade from
TheStreet Ratings
and a
price target. The stock has increased 27.37% year to date.
Curtiss-Wright
The precision components manufacturer was upgraded to outperform from neutral by Wedbush analysts on Tuesday.
Curtiss-Wright is scheduled to report fourth-quarter earnings on Tuesday after the close. Analysts, on average, expect profit of 84 cents a share on revenue of $573.63 million.
"While the stock is up 51% since hitting a low of $26.16 in September (compared to a 20% increase over the same period for the broader S&P 500 and a 27% increase in the iShares A&D Index), we believe there is further upside from commercial marketcatalysts and a continued reduction in defense risk overhang," Wedbush analysts wrote in a report Tuesday.
Shares of Curtiss-Wright hit a 52-week high on Tuesday of $41.91. The stock's 52-week low of $25.67 was set on Sept. 22.
Curtiss-Wright has an estimated price-to-earnings ratio for next year of 13.50; the average for defense companies is 13.19. For comparison,
AeroVironment
(AVAV) - Get Report
has a forward P/E of 19.29 and
Flir Systems'
(FLIR) - Get Report
forward P/E is 13.13.
Five of the analysts covering Curtiss-Wright gave it a buy rating and another five said it was a hold. One analyst gave the stock a sell rating.
TheStreet Ratings
gives Curtiss-Wright a B+ grade and a
price target. The stock has risen 15.74% year to date.
-- Written by Alexandra Zendrian
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