NEW YORK ( TheStreet) - Shares of the following stocks hit 52-week highs on Thursday: Microsoft ( MSFT), Nike ( NKE), Mattel ( MAT) and Buffalo Wild Wings ( BWLD). Each of these stocks is rated buy at TheStreet Ratings.
Microsoft The software company gave a preview of its Windows 8 operating system test version this week. "In the mid- to long-term, we believe that the market has not only meaningfully undervalued Microsoft's ability to expand operating margins for the next several years (given the increased focus on cost control), but also the sustainable revenue growth and defensive competitive characteristics of Microsoft's dominant market positions with respect to its client operating system and office productivity suites," Credit Suisse analysts wrote in a Feb. 29 report. Shares of Microsoft hit a 52-week high of $32.39 on Thursday. The stock's 52-week low of $23.65 was set on June 16. Microsoft has an estimated price-to-earnings ratio for next year of 10.74; the average for software companies is 28.5. For comparison, both Oracle ( ORCL) and Intuit ( INTU) have higher forward P/Es of 11.63 and 17.42, respectively. Twenty-five of the 39 analysts who cover Microsoft rate it at buy. Thirteen analysts give it a hold rating and one analysts rated it sell. TheStreet Ratings gives Microsoft an A grade with a buy rating and $36.23 price target. The stock has risen 24.5% year to date.