NEW YORK ( TheStreet) - Shares of the following Dow Jones Industrial Average components Coca-Cola ( KO), Pfizer ( PFE) and Walt Disney ( DIS) all hit 52-week highs on Monday. Each of these stocks received a buy rating from TheStreet Ratings.
Coca-Cola "Europe was KO's largest operating profit contributor in 2011, but faces a tough 2012 due to weak economies, bottler pricing, French taxes, and FX," JPMorgan analysts wrote in a March 12 report. The analysts added, "The stock has underperformed the market and staples for the past 5 months, so we see limited downside from here." Shares of Coca-Cola hit a 52-week high of $71.89 Monday. The stock's 52-week low of $63.34 was set on Oct. 4. Coca-Cola's stock trades at an estimated price-to-earnings ratio for next year of 16.04 times; the average for soft drink companies is 18.33X. For comparison, Pepsico ( PEP) has a lower forward P/E of 14.83X. Nineteen of the 24 analysts who cover Coca-Cola rate it at buy; five analysts give the stock a hold rating. TheStreet Ratings gives Coca-Cola an A grade with a buy rating and $82.49 price target. The stock has risen 2.73% year to date.