NEW YORK ( TheStreet) - Shares of News Corp ( NWS), Penske Automotive Group ( PAG) 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 EBIT down 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 $22.84 price target on the shares. The stock has risen 10.67% 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