9 Stocks Hitting 52-Week Highs: MSFT, TJX, BEAV, BIIB, CA, WRB, PVX, MMC, OII

NEW YORK ( TheStreet) - These nine stocks reached 52-week highs on Wednesday: Microsoft ( MSFT), TJX ( TJX), BE Aerospace ( BEAV), Marsh & McLennan ( MMC), Biogen Idec ( BIIB), CA Technologies ( CA), Oceaneering International ( OII), WR Berkley ( WRB) and Provident Energy ( PVX).

Each of these stocks received buy ratings from TheStreet Ratings.

Microsoft

The software company's marketing team announced it was cutting 200 jobs on Wednesday, according to the Seattle Times. Most of these cuts will be in the Seattle area.

Wells Fargo analysts recently said of Microsoft's second-quarter earnings of 78 cents a share on revenue of $20.89 billion that, "Our thesis on Microsoft remains unchanged, as we believe the stock is only reasonably undervalued at current levels; we don't expect to see much lift until Windows 8 is released and/or Windows Phone shows some traction in the Smartphone market."

Shares of Microsoft hit a 52-week high of $30.05 on Wednesday. The stock's 52-week low of $23.65 was set on June 16.

TheStreet Ratings gives Microsoft a B+ grade and a $34.07 price target. The stock is up 15.52% year to date.

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TJX

The off-price apparel and home fashions retailer promoted Scott Goldenberg to chief financial officer on Tuesday. He was previously executive vice president.

Discussing January same-store sales, Deutsche Bank analysts wrote in a Jan. 30 report that, "As for the weather, it's clear that most of the month saw unseasonably warm temps., which for our companies averaged between 4.5 and 7 degrees warmer y/y. This likely most hurt TJX and ANF Abercrombie & Fitch, and 'least hurt' Ross Stores (ROST), consistent with the past several months."

Shares of TJX hit a 52-week high of $69.01 on Wednesday. The stock's 52-week low of $46.95 was set on Feb. 2.

TJX gets an A+ grade from TheStreet Ratings and a $89.18 price target. The stock has increased 6.58% year to date.


BE Aerospace

The commercial aircraft maker reported Wednesday fourth-quarter earnings of $109.1 million on revenue of $654.7 million.

Oppenheimer analysts raised their price target on the stock to $51 from $43 in a report on Wednesday.

"The Commercial Aircraft business, which expanded 31% in 2011, is poised to continue benefiting from OEM production rate hikes through the next several years," the firm said. "The Consumables business is set to enjoy the compounded benefits of a cyclical recovery and cost synergies at recently acquired companies. And the budding backlog of supplier furnished equipment orders (most notably, the 737 lavatory win) indicate that incremental growth drivers are already taking root for 2013 and beyond."

Shares of BE Aerospace hit a 52-week high of $43.97 on Wednesday. The stock's 52-week low of $28.83 was set on Oct. 4.

TheStreet Ratings gives BE Aerospace an A- grade and a $48.11 price target. The stock has risen 12.89% year to date.

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Oceaneering International

The oil and gas engineered products company is scheduled to report its fourth-quarter results on Feb. 16. Analysts, on average, expect earnings of 56 cents a share on revenue of $571.5 million.

Shares of Oceaneering International hit a 52-week high of $50.33 on Wednesday. The stock's 52-week low of $31.77 on Oct. 4.

TheStreet Ratings gives Oceaneering International an A grade and a $61.82 price target. The stock is up 8.52% year to date.


Marsh & McLennan

The professional services company is scheduled to report its fourth-quarter results on Feb. 14. Analysts, on average, anticipate earnings of 45 cents a share on $2.96 billion in revenue.

Shares of Marsh & McLennan hit a 52-week high on Wednesday of $32.49. The stock's 52-week low of $25.29 on Oct. 4.

TheStreet Ratings gives Marsh & McLennan a B grade and a $40.08 price target. The stock has risen 1.49% year to date.

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Biogen Idec

On Tuesday, the biotechnology company reported fourth-quarter earnings of $300 million, or $1.22 a share, on revenue of $1.3 billion.

Talking about Biogen and its competitors Gilead Sciences ( GILD) and Celgene ( CELG), Credit Suisse wrote in a report on Tuesday that, "All three stocks post ballpark the same 11-15 EPS CAGR, but more interestingly (at least from a growth investor's prospective), BIIB has class leading 15-19 EPS CAGR."

Shares of Biogen Idec hit a 52-week high on Wednesday of $122.83. The stock's 52-week low of $64.61 was set on Feb. 4.

TheStreet Ratings gives Biogen an A grade with a $154.68 price target. The stock has risen 10.55% year to date.


CA Technologies

The company provides information technology software and services. CA Technologies said recently it aims to return $2.5 billion to shareholders through fiscal year 2014.

CA Technologies reported third-quarter earnings of $263 million on revenue of $1.26 billion on Jan. 24.

"It's our observation that CA's vision around its product platform has been unclear for some time. We believe Peter Griffiths' vision for a more flexible platform as a service is compelling," JPMorgan analysts wrote in a report Wednesday. "Not only will further formulation of this vision be important, but execution (which has been questionable in the past) will be key."

Shares of CA Technologies hit a 52-week high of $26.46 on Wednesday. The stock's 52-week low of $18.60 was set on Aug. 19.

CA Technologies gets a B grade from TheStreet Ratings and a $29.12 price target. The stock has increased 30.18% year to date.

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W. R. Berkley

The insurance company reported fourth-quarter earnings of $117.9 million on revenue of $1.37 billion on Tuesday.

Evercore Partners Wednesday raised its 2012 and 2013 earnings estimates on the company by 10 cents to $2.55 per share and 30 cents to $3.05 per share, respectively.

"We are incrementally more positive on Overweight-rated WRB, and we are increasing our 2012 and 2013 EPS estimates by $0.10 and $0.30 per share respectively, as we believe the company is well positioned to benefit from the evolving cycle turn," Evercore Partners analysts wrote in a report Wednesday. "This quarter's 19% top line growth and strong pricing commentary gives us more confidence that the company can significantly increase top line over the next couple of years. We maintain our price target at $42 per share, as our old price target contemplated the longer term margin improvement."

Shares of W. R. Berkley hit a 52-week high of $36.39 on Wednesday. The stock's 52-week low of $27.26 was set on Aug. 9.

TheStreet Ratings gives W. R. Berkley an A- grade and a $44.54 price target. The stock has risen 5.12% year to date.


Provident Energy

Pembina Pipeline announced it would acquire the natural gas liquids infrastructure company on Jan. 16.

"On the Path towards becoming one of Canada's Largest Publicly Traded Energy Infrastructure Companies with a Proposed Combined Market Cap. of $7.9B and EV of $10B," Haywood Securities analysts wrote in a report on Jan. 17.

Shares of Provident Energy hit a 52-week high of $11.61 on Wednesday. The stock's 52-week low of $6.90 was set on Aug. 8.

Provident Energy gets a B grade from TheStreet Ratings and a $14.33 price target. The stock has advanced 19% year to date.

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-- Written by Alexandra Zendrian in New York.

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