3 Stocks Hitting 52-Week Highs: PBY, MGRC, RGR

NEW YORK ( TheStreet) -- These three companies reached 52-week highs Monday: Pep Boys ( PBY), McGrath RentCorp ( MGRC) and Sturm Ruger ( RGR).

Pep Boys

The nation's leading automotive aftermarket service and retail chain reached a deal to be acquired by private-equity firm Gores Group for $15 a share, a 24% premium to Pep Boy's Friday closing price of $12.08.

"This news of the acquisition is a positive for Pep Boys which has been searching for a buyer for over seven years," Cabrera Capital Markets analyst Cid Wilson wrote in a report Monday. "While most of its competitors have seen their stocks appreciate over the last ten years, PBY shares has underperformed over the same period."

Shares of Pep Boys hit a 52-week high of $15 on Monday. The stock's 52-week low of $8.18 was set on Aug. 9.

TheStreet Ratings gives Pep Boys a C+ grade and rates it a hold. The stock has risen 35.41% year to date.

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McGrath RentCorp

McGrath RentCorp is a business-to-business rental company..

"We believe strength in MGRC's non-legacy businesses should result in earnings performance that likely exceeds our and consensus estimate of $0.43," KeyBanc Capital Markets analysts wrote in a Jan. 23 report. "Further, we believe its Adler Tanks business should remain solid in 2012 and act as the primary earnings driver. Although we believe management is likely to take a conservative approach relative to 2012 EPS guidance, we expect the range to at least bracket and more likely exceed current consensus of $2.03."

The company is scheduled to report fourth-quarter earnings on Feb. 22. Analysts, on average, expect profit of 43 cents a share on $83.25 million in revenue.

Shares of McGrath hit a 52-week high on Monday of $31.88. The stock's 52-week low of $21.61 was reached on Sept. 6.

McGrath RentCorp gets an A grade from TheStreet Ratings with a buy rating and a $36.08 price target. The stock has increased 9.52% year to date.


Sturm Ruger

Sturm Ruger makes firearms.

"We believe RGR has been spot on in recent years, with respect to being early to several key categories and being able to execute well in the wake of developing industry leading manufacturing efficiency," KeyBanc Capital Markets analyst wrote in a report on Jan. 19. "RGR products also continue to take share in several categories, specifically in concealed carry. In our view, capacity expansion has been a focus of management during 2011 and we expect to see more capacity coming on line during 2012."

The company is scheduled to report fourth-quarter earnings on Feb. 20. Analysts, on average, expect profit of 46 cents a share on revenue of $81.56 million.

Shares of Sturm Ruger hit a 52-week high of $40.25 on Monday. The stock's 52-week low of $14.79 was set on Jan. 31.

TheStreet Ratings gives Sturm Ruger an A+ grade with a buy rating and price target of $51.36. The stock has risen 18.95% year to date.

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-- Written by Alexandra Zendrian

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