3 Stocks Reach 52-Week Highs: MAT, CVS, MHS

NEW YORK ( TheStreet) -- Shares of CVS Caremark ( CVS), Medco Health Solutions ( MHS) and Mattel ( MAT) hit 52-week highs on Friday.

Each of the stocks received a buy rating from TheStreet Ratings.

CVS Caremark

The drugstore chain may be considering a bid for Cigna's ( CI) pharmacy benefit management division, according to Bloomberg, which cited Leerink Swann analyst David Larsen.

Shares of CVS Caremark hit a 52-week high on Friday of $45.54. The stock's 52-week low of $31.30 was set on Aug. 9.

CVS Caremark has an estimated price-to-earnings ratio for next year of 12.34; the average for drug retailers is 12.32. For comparison, Walgreen ( WAG) has a lower forward P/E of 11.44.

Twenty-two of the 26 analysts who cover CVS Caremark rated it buy. Three analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives CVS Caremark an A+ grade with a buy rating and a $58.18 price target. The stock has risen 11.67% year to date.

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Medco Health Solutions

It appears more likely that Medco's potential merger with Express Scripts ( ESRX) will get Federal Trade Commission approval, according to The Wall Street Journal.

Shares of Medco hit a 52-week high Friday of $69.90. The stock's 52-week low of $44.60 was set on Oct. 4.

Medco's forward P/E is 14.47; the average for health care providers is 18.09. For comparison, Express Scripts' forward P/E is 13.03.

Thirteen of the 22 analysts who cover Medco Health solutions rated it hold. Eight analysts rated the stock a buy and one rated it a sell.

TheStreet Ratings gives Medco Health Solutions a B grade with a buy rating and a $77.21 price target. The stock has risen 23.24% year to date.


Mattel

Shares of Mattel hit a 52-week high on Friday of $33.29. The stock's 52-week low of $22.70 was set on Aug. 9.

Mattel's forward P/E is 12.52; the average for toy companies is 14.73. For comparison, both Hasbro ( HAS) and LeapFrog Enterprises ( LF) have lower forward P/Es of 10.73 and 12, respectively.

Ten of the 14 analysts who cover Mattel rated it buy; four analysts gave the stock a hold rating.

TheStreet Ratings gives Mattel an A+ grade with a buy rating and a $38.10 price target. The stock has risen 20.06% year to date.

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-- Written by Alexandra Zendrian

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