Stocks Hitting 52-Week Highs: News Corp, Penske, Sovran
NEW YORK (
) - Shares of
News Corp
(NWS) - Get Report
,
Penske Automotive Group
(PAG) - Get Report
and
Sovran Self Storage
(SSS)
all reached 52-week highs on Monday.
Each of these stocks received a buy rating from
TheStreet Ratings
.
News Corp
The media company is scheduled to report its second-quarter results on Wednesday. Analysts, on average, anticipate earnings of 34 cents a share.
"We estimate EBIT
earnings before interest and taxes of $1.471b, up +14% and modestly above consensus, driven by Film (+59%), TV (+14%), Cable Nets (+15%), Sky Italia improving $29m Y/Y and Other improving $56m Y/Y, while Print deteriorates -38% (to only 16% of EBITdown from 26% just 4 yrs ago)," Deutsche Bank analysts wrote in a report on Saturday.
Shares of News Corp hit a 52-week high of $20.16 on Monday. The stock's 52-week low of $13.83 was set on Aug. 9.
News Corp has a forward price-to-earnings ratio of 11.89X, which is about half of the 22.50X average for broadcasting and entertainment companies.
Time Warner
(TWX)
has a 12.02X forward P/E.
Of the eight analysts who cover the company, five rated it a buy. The remaining three called it a hold.
TheStreet Ratings
gives News Corp a B+ grade and has a
price target on the shares. The stock has risen 10.67% year to date.
Penske Automotive Group
The automotive retailer is scheduled to report its fourth-quarter results on Feb. 15. Analysts, on average, expect earnings of 40 cents a share on revenue of $2.95 billion.
"Although concerns regarding the near-term future of the greater European economy are reasonable, we would note that PAG's luxury brand mix and insulation from the more troubled regions of Europe have enabled its international operations to outperform. We continue to view PAG stock as an attractive investment, and maintain our Buy rating," Bank of America Merrill Lynch analysts wrote in a Jan. 12 report.
Shares of Penske Automotive Group reached a 52-week high Monday of $24.30. The stock's 52-week low of $14.87 was set on Oct. 4.
Penske has a forward P/E of 12.95X, which is a little more than half of the 19.32X average among specialty retailers.
Sonic Automotive
(SAH) - Get Report
has a forward P/EX of 10.93.
Of the 14 analysts who cover the company, eight rated the Penske a buy. Five considered the stock a hold and one rated it a sell.
TheStreet Ratings
gives Penske a B- grade and has a
price target on the shares. The stock has risen 24.47% year to date.
Sovran Self Storage
The real estate investment trust is scheduled to report its fourth-quarter results on Feb. 22. Analysts, on average, anticipate earnings of 72 cents a share on revenue of $52.76 million.
"Among the four public storage investment options, SSS is often overlooked given that it is not massive (see Public Storage), reinvented (see CubeSmart), or turbo-charged (see Extra Space Storage)," Cantor Fitzgerald analysts wrote in a Feb. 2 report. "The lack of star power continues to hold the stock back. That said, we view the lower CAGR
compound annual growth rate as balanced by the relative discount for stable cash flows, attractive yield, and accelerated strategy execution. Our neutral view on SSS would change in the context of a broader pull-back, increased acquisitions, or an uptick in growth patterns."
Shares of Sovran Self Storage hit a 52-week high of $49.12 on Monday. The stock's 52-week low of $33.37 was set on Aug. 9.
Sovran has a forward P/E of 29.24X, close to the 36.48X average for specialty REITs.
HCP
(HCP) - Get Report
has a forward P/E of 21.8X.
Of the 12 analysts who cover the stock, eight rated it a hold. Three analysts considered it a buy and one rated it a sell.
TheStreet Ratings
gives Sovran a B- grade and has a
price target on the shares. The stock has risen 14.04% year to date.
--
Written by Alexandra Zendrian in New York.
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