3 Stocks Hit 52-Week Highs: ABT, JBHT, GKSR

NEW YORK ( TheStreet) -- Shares of these stocks hit 52-week highs on Wednesday: Abbott Laboratories ( ABT), J.B. Hunt Transportation ( JBHT) and G&K Services ( GKSR).

Abbott Laboratories

The pharmaceutical company reported Wednesday encouraging results from a hepatitis C treatment study that showed a cure rate of greater than 90% from a three-drug, all-oral regimen.

"In general, the results appear to make ABT competitive in the all-oral HCV space, however, the results are not flawless," Wells Fargo analysts wrote in a report Wednesday.

Shares of Abbott Laboratories hit a 52-week high Wednesday of $62.57. The stock's 52-week low of $46.29 was set on Aug. 9.

Abbott Laboratories has an estimated price-to-earnings ratio of 11.5 times; the average for pharmaceutical companies is 20.63. For comparison, Pfizer ( PFE) has a lower forward P/E of 9.48; Johnson & Johnson's ( JNJ) forward P/E is 12.

Thirteen of the 26 analysts who cover Abbott Laboratories rated it hold. Twelve analysts gave the stock a buy rating and one rated it sell.

TheStreet Ratings gives Abbott Laboratories an A grade with a buy rating and a $75.43 price target. The stock has risen 9.5% 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

J.B. Hunt Transportation

"We are raising our 12-month price target to $60 from $56 on JBHT and bumping our 1Q12 EPS estimate from an in-line $0.51 to $0.53, given our belief that intermodal volumes, pricing, and margins have improved steadily throughout the first quarter and should continue to build momentum as the year unfolds," FBR analysts wrote in a March 27 report.

Shares of J.B. Hunt Transportation hit a 52-week high of $55.82 on Wednesday. The stock's 52-week low of $34.42 was set on Sept. 22.

J.B. Hunt's forward P/E is 18.96 times; the average for trucking companies is 15.42. For comparison, Old Dominion Freight Line ( ODFL) has a lower forward P/E of 14.7; C.H. Robinson's ( CHRW) forward P/E is 19.5.

Sixteen of the 28 analysts who cover J.B. Hunt rated it buy; 12 analysts gave the stock a hold rating.

TheStreet Ratings gives J.B. Hunt an A+ grade with a buy rating and $64 price target. The stock has risen 23.63% year to date.


G&K Services

The uniform services company increased its quarterly dividend by 50% to 20 cents a share, and on Wednesday announced a special dividend of $6 a share.

"In a broadly positive move, G&K Services (GKSR-NASDAQ) announced this morning that it would pay a one-time special dividend of $6 per share, payable on April 27," KeyBanc Capital Markets analysts wrote in a report Wednesday. "On a cash basis, this equates to approximately $113 million, which GKSR will fund using its recently refinanced revolving credit facility. The Company maintains roughly $100 million of available debt capacity and $58 million of share repurchase authorization, retaining some flexibility with regard to future deals and share buybacks. Additionally, GKSR announced a 50% increase to its quarterly dividend, raising it to $0.195 (from $0.13) and effectively boosting the yield to approximately 2.2% (from 1.5%)."

Shares of G&K hit a 52-week high Wednesday of $38.65. The stock's 52-week low of $24.24 was set on Oct. 4.

G&K's forward P/E is 16.06 times; the average for business support services companies is 19.73. For comparison, UniFirst ( UNF) and Geo Group ( GEO) both have lower forward P/Es of 13.69 and 11.5, respectively.

Four of the eight analysts who cover G&K rated it hold. Three analysts gave the stock a buy rating and one rated it sell.

TheStreet Ratings gives G&K a B grade with a buy rating and a $39.29 price target. The stock has risen 27.1% 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

Nucor Retains Buy Recommendation From TheStreet Ratings

Nucor Retains Buy Recommendation From TheStreet Ratings

Tilray's Stock Lights Up in Debut

Tilray's Stock Lights Up in Debut

Domino's Pizza Slides After Revenue, Same-Store Sales Miss Estimates

Domino's Pizza Slides After Revenue, Same-Store Sales Miss Estimates

3 Things to Watch in General Electric's Earnings

3 Things to Watch in General Electric's Earnings

Here Are Some of the Biggest Marketing Fails in Recent Years

Here Are Some of the Biggest Marketing Fails in Recent Years