Stocks Hitting 52-Week Highs: News Corp, Penske, Sovran

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 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 $22.84 price target on the shares. The stock has risen 10.67% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

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) 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 $30.07 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) 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 $56.67 price target on the shares. The stock has risen 14.04% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian in New York.

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

More from Opinion

7 Takeaways From Google's $550-Million Investment in Alibaba Rival JD.com

7 Takeaways From Google's $550-Million Investment in Alibaba Rival JD.com

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD