9 Stocks Reach 52-Week Highs

NEW YORK ( TheStreet) -- Shares of these stocks hit 52-week highs on Wednesday: American Express ( AXP), Intel ( INTC), Lockheed Martin ( LMT), Mead Johnson ( MJN), Cirrus Logic ( CRUS), Marsh & McLennan ( MMC), BB&T ( BBT), Tyco International ( TYC) and LSI ( LSI).

American Express

The credit card company passed the Federal Reserve's stress test and anticipates $4 billion in buybacks in 2012.

"Given excess capital generation, slower balance sheet growth, and a lackof significant acquisitions relative to current capital levels, we believe the repurchase authorization post the CCAR process will increase shareholder value," Guggenheim analysts wrote in a report Wednesday.

Shares of American Express hit a 52-week high of $56.28 on Wednesday. The stock's 52-week low of $41.30 was set on Oct. 4.

American Express has an estimated price-to-earnings ratio for next year of 11.87 times; the average among its peers is 11.97.

Seventeen of the 31 analysts who cover American Express rated it buy. Eleven analysts gave the stock a hold rating and three rated it sell.

TheStreet Ratings gives American Express an A+ grade with a buy rating and a $61.16 price target. The stock has risen 18.63% 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

Intel

The technology company is said to be debating creating an online television service, according to Bloomberg, which cited three people with knowledge of the plans.

"Benchmark scores for Intel's new Romley processors (launched last week) havebeen added to the SPEC website over the last few days," Wells Fargo analysts wrote in a report Tuesday. "The new chips offer 60-70% performance improvement over Intel's older Westmere chips for the integer benchmark and move Intel into the leadership position ahead of AMD with 75-85% better floating point performance. We are reiterating our Outperform rating on Intel, which remains our top pick."

Shares of Intel hit a 52-week high Wednesday of $27.90. The stock's 52-week low of $19.16 was set on Aug. 19.

Intel's forward P/E is 10.33, the average for semiconductor companies is 14.19. For comparison, Qualcomm ( QCOM) and Texas Instruments ( TXN) both have higher forward P/Es of 15.64 and 13.51, respectively.

Twenty-seven of the 55 analysts who cover Intel rated it buy. Twenty-four analysts gave the stock a hold rating and four rated it sell.

TheStreet Ratings gives Intel an A+ grade with a buy rating and a $32.92 price target. The stock has risen 13.45% year to date.


Lockheed Martin

"Budget pressures sure to intensify after this year's election, the F-35 will remain on the chopping block as long as America's fiscal dilemma lingers," Drexel Hamilton analysts wrote in a March 5 report.

Shares of Lockheed Martin hit a 52-week high Wednesday of $91.01. The stock's 52-week low of $66.36 was set on Aug. 11.

Lockheed Martin's forward P/E is 10.65; the average for defense companies is 11.19. For comparison, both General Dynamics ( GD) and Raytheon ( RTN) have lower forward P/Es of 9.46 and 9.42, respectively.

Eighteen of the 25 analysts who cover Lockheed Martin rated it hold. Five analysts gave the stock a buy rating and two rated it sell.

TheStreet Ratings gives Lockheed Martin a B grade with a buy rating and $105.11 price target. The stock has risen 11.68% 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

Mead Johnson

"As we have highlighted in previous reports (most recently November 1, 2011), we view Mead Johnson as a high quality enterprise that operates in an advantagedindustry and trades below its private market value," Gabelli analysts wrote in a Feb. 10 report. "Herein, we update our 2012E-2016P estimates to reflect current market dynamics and management's guidance for 2012. For the fiscal year ending December 31, 2012 we expect MJN to generate about $4.0 billion of revenue, $1.0 billion of EBITDA, and earn $3.10 per share."

Shares of Mead Johnson hit a 52-week high on Wednesday of $80.75. The stock's 52-week low of $55.12 was set on March 15.

Mead Johnson's forward P/E is 22.37; the average for food products companies is 13.59. For comparison, both ConAgra ( CAG) and Ralcorp ( RAH) have lower forward P/Es of 13.47 and 17.2, respectively.

Ten of the 16 analysts who cover Mead Johnson rated it buy; six analysts gave the stock a hold rating.

TheStreet Ratings gives Mead Johnson a B- grade with a buy rating and $100.75 price target. The stock has risen 16.92% year to date.


Cirrus Logic

"CRUS remains a top back-door play on the growth and success of Apple," Oppenheimer analysts wrote in a Feb. 23 report. "Since winning an initial audio codec socket in the classic iPod, CRUS now effectively owns AAPL's audio codec business and we do not expect to see any lost share this year. We expect CRUS' ASP to remain stable in 2012 while content could increase."

Shares of Cirrus Logic hit a 52-week high of $24.39. The stock's 52-week low of $12.52 was set on Aug. 9.

Cirrus Logic's forward P/E is 15.15; the average for semiconductor companies is 15.65. For comparison, both Cypress Semiconductor ( CY) and Microsemi ( MSCC) have lower forward P/Es of 13.52 and 8.41, respectively.

Five of the six analysts who cover Cirrus Logic rated it buy; one rated it sell.

TheStreet Ratings gives Cirrus Logic a B grade with a buy rating and a $27.07 price target. The stock has risen 51.92% 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

Marsh & McLennan

"We are raising our 2012 and 2013 estimates $0.05 in each year to $2.15 and $2.50, respectively," Sterne Agee analysts wrote in a Feb. 14 report. "The increaselargely reflects slightly better organic growth and margins (less pension headwind than we previously expected) as well as higher investment income in 1Q12 per company guidance and moderately lower interest expense."

Shares of Marsh & McLennan hit a 52-week high Wednesday of $32.99. The stock's 52-week low of $25.29 was set on Oct. 4.

Marsh & McLennan's forward P/E is 13.6; the average for insurance brokerage companies is 10.9. For comparison, both Aon ( AON) and Fortegra Financial ( FRF) have lower forward P/Es of 11.85 and 7.23, respectively.

Fifteen of the 21 analysts who cover Marsh & McLennan rated it buy. Five analysts have the stock a hold rating and one rated it sell.

TheStreet Ratings gives Marsh & McLennan an A- grade with a buy rating and a $39.59 price target. The stock has risen 4.33% year to date.


BB&T

The bank passed the stress test with a 6.4% capital ratio.

"We are increasing our 2012 YE sharecount to 705M (assumes 1M in net repurchases), but are raising our 2Q dividend to $0.19 from $0.17," Credit Suisse analysts wrote in a report Tuesday. "We estimate there may even be a chance BBT can increase its dividend above 30% of net income, due to the fact that it may not repurchase any shares. Recall, we believe BBT included the impact of the BBX investment, but not the Crump Insurance business in its CCAR plan."

Shares of BB&T hit a 52-week high Wednesday of $30.68. The stock's 52-week low of $18.92 was set on Aug. 23.

BB&T's forward P/E is 10.72; the average for its peers is also 10.72. For comparison, Bank of New York Mellon ( BK) has a lower forward P/E of 9.23; People's United Financial's ( PBCT) forward P/E is 13.76.

Twenty-two of the 38 analysts who cover BB&T rated it hold. Thirteen analysts gave the stock a buy rating and three rated it sell.

TheStreet Ratings gives BB&T an A- grade with a buy rating and a $33.61 price target. The stock has risen 20.66% 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

Tyco International

"We believe Tyco is just as attractive as it was last January though with better visibility around near-term catalysts," JPMorgan analysts wrote in a Feb. 22 report. "We remain OW and Tyco is a new top pick, along with GE."

Shares of Tyco International hit a 52-week high of $53.69. The stock's 52-week low of $37.39 on Aug. 19.

Tyco International's forward P/E is 12.73; the average for diversified industrials companies is 12.26.

Twelve of the 19 analysts who cover Tyco International rated it buy; seven analysts rated it hold.

TheStreet Ratings gives Tyco International an A grade with a buy rating and a $63.80 price target. The stock has risen 13% year to date.


LSI

The chipmaker raised its first-quarter revenue guidance on Wednesday to between $585 million and $615 million, up from previous estimates of between $550 million and $590 million.

"LSI is one of our top Small and Mid (SMID) cap growth picks for 2012/13," Bank of America Merrill Lynch analysts wrote in a report Wednesday.

Shares of LSI hit a 52-week high Wednesday of $9.20. The stock's 52-week low of $4.75 was set on Oct. 4.

LSI's forward P/E is 12.71; the average for semiconductor companies is 15.41. For comparison, KLA-Tencor ( KLAC) has a lower forward P/E of 11.11.

Eleven of the 16 analysts who cover LSI rated it buy. Three analysts gave the stock a hold rating and two rated it sell.

TheStreet Ratings gives LSI a B- grade with a buy rating and $9.85 price target. The stock has risen 53.19% 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

Tesla's Elon Musk Just Told Short-Sellers They're Toast

Tesla's Elon Musk Just Told Short-Sellers They're Toast

Dropbox Soars in Third-Straight Record-Setting Session

Dropbox Soars in Third-Straight Record-Setting Session

Jim Cramer: Centene Is in All the Big Medicare Markets

Jim Cramer: Centene Is in All the Big Medicare Markets

Jim Cramer on the Markets: I Struggle With How Negative Things Are

Jim Cramer on the Markets: I Struggle With How Negative Things Are

Video: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

Video: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene