Updated to correct BB&T 52-week high.NEW YORK ( TheStreet) -- The following stocks hit 52-week highs on Tuesday: Essex Property Trust ( ESS), Sherwin-Williams ( SHW), BB&T ( BBT) and Canadian National Railway ( CNI).
BB&T "We believe BBT carries one of the strongest regional banking franchises in thecountry," Wells Fargo analysts wrote in an April 20 report. "Elevated foreclosure-related costs as a result of real-estate exposures remain a near-term hindrance to ROE and multiple expansion, however." Shares of BB&T hit a 52-week high Tuesday of $32. The stock's 52-week low of $18.92 was set on Aug. 23. BB&T's forward P/E is 10.65; the average for its peers is 10.81. For comparison, Bank of New York Mellon ( BK) has a lower forward P/E of 9.33. Twenty-five of the 40 analysts who cover BB&T rated it hold. Twelve analysts gave the stock a buy rating and three rated it sell. TheStreet Ratings gives BB&T an A- grade with a buy rating and $35.92 price target. The stock has risen 26.02% year to date.