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.