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.

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

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.

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

Get Adobe Flash player

-- Written by Alexandra Zendrian

>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 Investing

In Pugnacious Twitter Rant, Musk Proposes Website for Users to Rate the Media

In Pugnacious Twitter Rant, Musk Proposes Website for Users to Rate the Media

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

Marc Chaikin's Technical Tools: Cramer's Off the Charts

Marc Chaikin's Technical Tools: Cramer's Off the Charts

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Bitcoin Today: Prices Plummet Below $8,000 in Market Downturn

Bitcoin Today: Prices Plummet Below $8,000 in Market Downturn