NEW YORK ( TheStreet) - These stocks hit 52-week highs on Thursday: eBay ( EBAY), VeriFone ( PAY), Red Hat ( RHT), VMware ( VMW) and Check Point ( CHKP).
eBay The online marketplace operator reported first-quarter earnings of $725 million, or 55 cents a share. Analysts, on average, anticipated 52 cents a share in earnings. "Rev./adj. EPS at $3.28bn/$0.55 was above Street at $3.15bn/$0.52 driven by strength across all segments, and 2Q guidance (our concern into results) was inline with street at high end," Bank of America Merrill Lynch analysts wrote in a report Thursday. "While not a big 2012 est. change (eBay raised full year EPS guidance by just 2%), a cleaner than usual quarter and we continue to expect a strong 2H for eBay with multiple product catalysts (see below) which could continue improve sentiment on eBay & PayPal's position in eCommerce." Shares of eBay hit a 52-week high Thursday of $41.84 The stock's 52-week low of $26.86 was set on Aug. 19. eBay shares trade at an estimated price-to-earnings ratio for next year of 15.18 times; the average for specialized consumer service companies is 15.31X. Twenty-four of the 35 analysts who cover eBay rate it at buy; 11 analysts give the stock a hold rating. TheStreet Ratings gives eBay an A grade with a buy rating and $42.55 price target. The stock has risen 33.56% year to date.