NEW YORK ( TheStreet) -- Walgreen Company (NYSE: WAG) hit a new 52-week high Tuesday as it traded at $47.11 compared with its previous 52-Week high of $44.06. Walgreen is changing hands at $41.22 with 4.9 million shares traded as of 3:22 p.m. ET. Average volume has been 6.7 million shares over the past 30 days.

Walgreen has a market cap of $38.7 billion and is part of the services sector and retail industry. Shares are up 6.8% year to date as of the close of trading on Monday.

Walgreen Co., together with its subsidiaries, engages in the operation of a chain of drugstores in the United States. The company's drugstores sell prescription and non-prescription drugs, and general merchandise. The company has a P/E ratio of 18.6, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

TheStreet Ratings rates Walgreen as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Walgreen Ratings Report.

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