7 Stocks Hit 52-Week Highs

NEW YORK ( TheStreet) -- The following stocks reached 52-week highs on Tuesday: Verizon ( VZ), Intel ( INTC), Comcast ( CMCSA), Discover Financial Services ( DFS) , PNC Financial ( PNC), Brinker International ( EAT) and La-Z-Boy ( LZB).

Verizon

"Verizon lagged the market in 1Q12, delivering -4.7% stock price return and a -3.47% total return (compares to S&P total return of 12.59% and AT&T total return of 4.80%)," Credit Suisse analysts wrote in an April 20 report. "Verizon now trades at an 18% premium to the market on consensus 2012 EPS. The multiple is probably justified given higher earnings growth and an 5% dividend yield; however, it leaves little room for multiple expansion. With estimates that are largely in-line with consensus, we are staying Neutral for now."

Shares of Verizon hit a 52-week high Tuesday of $40.84. The stock's 52-week low of $32.28 was set on Aug. 9.

Verizon trades at an estimated price-to-earnings ratio for next year of 14.63; the average for fixed-line telecommunications companies is 24.52. For comparison, AT&T ( T) has a lower forward P/E of 13.

Twenty-one of the 38 analysts who cover Verizon rated it hold. Sixteen analysts gave the stock a buy rating and one rated it sell.

The stock has risen 1.67% 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

Intel

"In the wake of Intel's (INTC-NR) recent acquisitions of Fulcrum and QLogic's (QLGC-NR) InfiniBand assets, the company announced last night the acquisition of Cray's (CRAY-NR) interconnect technology," Wunderlich Securities analysts wrote in an April 24 report. "We believe this reflects both strategic intellectual property acquisition combined with product aspirations as technology formerly relegated to external interconnects makes its way into silicon. We further believe Silicon Graphics' (SGI) own technology portfolio, consisting of more than 600 patents mostly around shared memory architectures, may prove tempting as a means to further bulk up the Intel IP portfolio or defend against it. We reiterate our Buy rating and $15 price target."

Shares of Intel hit a 52-week high Tuesday of $29.02. The stock's 52-week low of $19.16 was set on Aug. 19.

Intel's forward P/E is 10.63; the average for semiconductor companies is 13.67. For comparison, Qualcomm ( QCOM) has a higher forward P/E of 15.38.

Twenty-seven of the 55 analysts who cover Intel rated it buy. Twenty-five analysts gave the stock a hold rating and three rated it sell.

The stock has risen 19.3% year to date.


Comcast

The media company is scheduled to report first-quarter earnings on Thursday. Analysts, on average, anticipate earnings of 42 cents a share on revenue of $14.43 billion.

"After 5 qtrs of subscriber net adds improving Y/Y and revenue/EBITDA growth generally 25%-35% faster than the cable industry, investors have shifted from being positively surprised by strong execution to expecting it," Deutsche Bank analysts wrote in a report Monday. "This has crystallized in 1Q12 with the debate as to whether Comcast can report positive video net adds, and whether the +/- 20k video net adds is even relevant (0.09% of subs)."

Shares of Comcast hit a 52-week high Tuesday of $30.87. The stock's 52-week low of $19.19 was set on Aug. 9.

Comcast's forward P/E is 13.94; the average for broadcasting and entertainment companies is 34.45. For comparison, Time Warner ( TWX) has a lower forward P/E of 10.49.

Twenty-three of the 31 analysts who cover Comcast rated it buy. Seven analysts gave the stock a hold rating and one rated it sell.

The stock has risen 30.07% 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

Discover Financial

"Master Trust data continue to point to favorable trends in credit quality," Sterne Agee analysts wrote in a April 16 report. "We expect modest overall loan growth, but increased spend and increases in related revenues."

Shares of Discover Financial hit a 52-week high on Tuesday of $34.75. The stock's 52-week low of $20.51 was set on Aug. 8.

Discover's forward P/E is 8.97; the average for consumer financial companies is 10.17. For comparison, Visa ( V) has a higher forward P/E of 17.87.

Twenty of the 27 analysts who cover Discover rated it buy; seven analysts gave the stock a hold rating.

The stock has risen 44.04% year to date.


PNC Financial

"While linked-quarter comparisons are difficult following the closing of the RBC acquisition in 1Q12, operating trends generally remained strong," Goldman Sachs analysts wrote in an April 18 report. "Excluding acquired RBC assets, we estimate 1.4% linked quarter loan growth (3.7% commercial, -1.6% consumer) and flat net interest income. Fee income increased 7% linked quarter, largely due to better asset management (equity market driven), a strong quarter of mortgage banking (originations up 13%, gain-on sale wider similar to other peers), and some benefit from the RBC acquisition."

Shares of PNC hit a 52-week high Tuesday of $67.89. The stock's 52-week low of $42.70 on Aug. 23.

PNC's forward P/E is 9.88; the average for its peers is 11.05. For comparison, BB&T ( BBT) has a higher forward P/E of 10.9.

Twenty-three of the 35 analysts who cover PNC rated it buy. Fourteen analysts gave the stock a hold rating and one rated it sell.

The stock has risen 17.22% 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

Brinker International

"While we still believe that challenges remain for the Chili's brand given its positioning in the hyper competitive Bar & Grill category, the Company's betterthan- expected sales/traffic in 3Q lends greater credibility to the turnaround story, in our view," Sterne Agee analysts wrote in an April 24 report. "Accordingly, we view the downside risk as fairly limited in the near-term and are thus upgrading from Underperform to Neutral."

Shares of Brinker International hit a 52-week high Tuesday of $32.68. The stock's 52-week low of $19.50 was set on Sept. 12.

Brinker's forward P/E is 14.36; the average for restaurants and bars is 20.13. For comparison, Cracker Barrel ( CBRL) has a forward P/E of 12.54.

Nine of the 17 analysts who cover Brinker rated it hold. Six analysts gave the stock a buy rating and two rated it sell.

The stock has risen 20.7% year to date.


La-Z-Boy

"We were encouraged by our meeting with LZB management and believe the outlook for next year remains bright, despite increases in raw material costs," KeyBanc Capital Markets analysts wrote in an April 24 report. "While these costs have likely increased in recent months, we believe LZB has adequately planned for the headwind. Over the last year, LZB raised prices to keep up with raw material increases. Looking ahead, LZB built in further price increases in its products to keep up with a similar level of raw material headwind, which should leave adequate room for input price inflation. LZB renewed its advertising agreement with Brooke Shields, which we view positively. Furthermore, management remains confident that it can generate a 20-30% contribution margin for next year. Recall, our 2013 EPS estimate of $0.92 is predicated on a 6% revenue growth and a 30% contribution margin, and we believe our revenue estimate could prove conservative if LZB continues to execute successfully or if the housing recovery continues."

Shares of La-Z-Boy hit a 52-week high Tuesday of $15.77. The stock's 52-week low of $6.76 was set on Oct. 4.

La-Z-Boy's forward P/E is 16.69 times; the average for furnishings companies is 16.83. For comparison, Ethan Allen ( ETH) has a higher forward P/E of 17.85.

Four of the six analysts who cover La-Z-Boy rated it buy. One analyst gave the stock a hold rating and another rated it sell.

The stock has risen 30.25% year to date.

-- 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.

If you liked this article you might like

Cramer: I See Stocks That Are Overdone to the Downside
The S&P 500 Has Gone Parabolic, So Hurry Up and Buy These 22 Stocks

The S&P 500 Has Gone Parabolic, So Hurry Up and Buy These 22 Stocks

Home Depot Latest Company to Award Employee Bonuses on Passage of U.S. Tax Law

Home Depot Latest Company to Award Employee Bonuses on Passage of U.S. Tax Law

Disney Passing Tax-Reform Benefits on to Employees

Disney Passing Tax-Reform Benefits on to Employees

Here Comes Dow 26,000

Here Comes Dow 26,000