EMC Shares of EMC hit a 52-week high Tuesday of $29.79. The stock's 52-week low of $19.84 was set on Aug. 18. EMC shares trade at a forward P/E of 15.01; the average for computer hardware companies is 16.22. For comparison, Hewlett-Packard ( HPQ) and Dell ( DELL) have lower forward P/Es of 5.38 and 7.49, respectively. TheStreet Ratings gives EMC an A grade with a buy rating and $33.65 price target. The stock has risen 37.98% year to date. Analyst comment: "Following a detailed bottom up and top down analysis of EMC's Information Storage segment (74% of revenue in 2011), we raise our revenue estimates for the segment by 3%/4% for 2012/2013," Credit Suisse analysts wrote in a March 22 report. "This drives our EPS to $1.82/$2.17 (5%/10% above consensus). We see mid-to-high teens EPS growth as sustainable for several years, and note that this provides line of sight toward EPS of $3 in 2015. EMC remains a preferred IT hardware pick as our new $35 TP suggests 20% upside."
Hitachi Shares of Hitachi hit a 52-week high of $63.51. The stock's 52-week low of $46.91 was set on Oct. 4. Hitachi shares trade at a forward P/E of 11.1; the average for electronic equipment companies is 13.6X. Analysts were split on Hitachi with one rated it a buy and one rating it sell. TheStreet Ratings gives Hitachi a C+ grade and hold rating. The stock has risen 21.61% year to date.