NEW YORK (
) -- Shares of
reached 52-week highs on Friday.
Each of the stocks is rated buy at
"We are reducing our News Corp. (NWS-$19.83; NWSA-$19.03 - Buy -Target $24) estimates to reflect timing issues that shift NBA-related production and affiliate fee expenses into 2H12, and Ice Age sequel-related P&A into 4Q12 while the revenue will flow in 2013," Miller Tabak analysts wrote in a Feb. 15 report. "Also, we expect more Publishing headwinds from the in-store integrated marketing business and from challenging ad markets in the UK and Australia."
Shares of News Corp hit a 52-week high Friday of $19.84. The stock's 52-week low of $13.38 was set on Aug. 9.
News Corp has an estimated price-to-earnings ratio for next year of 11.64; the average for broadcast and entertainment companies is 17.68. For comparison,
Time Warner Cable
both have higher forward P/Es of 12.18 and 11.77, respectively.
Nineteen of the 27 analysts who cover News Corp rated it a buy. Eight analysts gave it a hold rating.
gives News Corp an A+ grade with a
price target. The stock has risen 9.87% year to date.
"CAT's tax disclosure highlights that on a consolidated basis, the US contributed25% to the top-line growth, yet represented 49% of the pre-tax profit growth," Bank of America Merrill Lynch analysts wrote in a report Thursday. "In '10, the US was 31% of the top-line growth and 45% of the profit growth. While CAT's top-line growth is geared to the international markets, it is the US business that drives operating leverage. As the US continues to recover in '12 and '13, CAT is likely to derive a disproportionate amount of its profit growth from the region."
Shares of Caterpillar hit a 52-week high Friday of $116.95. The stock's 52-week low of $67.54 was set on Oct. 4.
Caterpillar has a forward P/E of 10.25; the average for commercial vehicles and trucks companies is 12.43. For comparison,
has a lower forward P/E of 9.88.
Nineteen of the 26 analysts who cover Caterpillar rated it buy. Seven analysts gave the stock a hold rating.
Caterpillar gets an A- grade from
price target. The stock has risen 28.48% year to date.
"We still see a growth trajectory for F-35 program, but reaching just over half thelevel in 2015 planned 18mo ago following the most recent round of cuts," Deutsche Bank analysts wrote in a Jan. 26 report. "With the US putting the program in a holding pattern at
about 30 aircraft through FY14, it's not clear that LMT's portfolio will be terribly differentiated when it comes to growth vs. peers as it may have once been seen. The focus will now be what the international buying will be in the coming years and we do expect that to pick-up, though not to the extent previously thought, either."
Shares of Lockheed Martin hit a 52-week high Friday of $90.15. The stock's 52-week low of $66.36 was set on Aug. 11.
Lockheed Martin has a forward P/E of 10.51; the average for defense companies is 12.18. For comparison, both
have lower forward P/Es of 9.39 and 9.09, respectively.
Eighteen of the 25 analysts who cover Lockheed Martin rated it hold. Four analysts gave the stock a buy rating and three rated it sell.
gives Lockheed Martin a B grade with a
price target. The stock has risen 10.85% year to date.
"While volumes did soften slightly versus our expectations, this was partially related to earlier than projected impact from issuer related Durbin rebranding (this was essentially highlighted in the MasterCard results)," Morgan Keegan analysts wrote in a Feb. 9 report. "Even with this modest early drag we remain confident that the final financial impact of Durbin will be very manageable, and believe that some of thepricing initiatives (eg: the Network Participation Fee) could result in a rebound in the near-term share-loss when implemented in April; we do not believe such a rebound is factored into the company's guidance, and it is not currently factored into our projections."
Shares of Visa hit a 52-week high Friday of $117.41. The stock's 52-week low of $70.45 was set on March 15.
Visa has a forward P/E of 16.81; the average for consumer financial companies is 10.93. For comparison,
both have lower forward P/Es of 11.31 and 16.16, respectively.
Thirty-two of the 40 analysts who cover Visa rated it buy. Eight analysts gave the stock a hold rating.
Visa gets an A grade from
price target. The stock increased 15.87% year to date.
-- Written by Alexandra Zendrian
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