Wal-Mart, Motorola Mobility Hit 52-Week Highs

NEW YORK ( TheStreet) - Wal-Mart ( WMT) and Motorola Mobility Holdings ( MMI) hit 52-week highs on Monday.

Wal-Mart

Shares of Wal-Mart hit a 52-week high on Monday of $62.96. The stock's 52-week low of $48.31 was set on Aug. 10.

Wal-Mart's stock trades at an estimated price-to-earnings ratio for next year of 11.72 times; the average for broad-line retailers is 17.48X. For comparison, Target ( TGT) has a lower forward P/E of 11.35X.

Analyst comment:

"According to Wal-Mart, a lot of its price investment took place in grocery, and we know that inflation helped as well, yet grocery comp store sales were up only low single digits," Jefferies analysts wrote in a May 17 report. "Given the color Wal-Mart provided on strong comp store sales for many other areas of the store, it appears the low single digit gain for grocery was in the lower half of the range. This begs the question as to whether 'price investment' really did much to drive the 1% traffic gain in the quarter or if maybe weather helped it more as it did for many other retailers."

Eighteen of the 34 analysts who cover Wal-Mart rate it at hold. Fifteen analysts give the stock a buy rating and one rates it at sell.

The stock has risen 5.3% year to date.

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Motorola Mobility Holdings

Shares of Motorola Mobility Holdings hit a 52-week high Monday of $39.98. The stock's 52-week low of $20.77 was set on July 12.

Motorola's forward P/E is 46.87; the average for telecommunications equipment companies is 46.87.

Analyst comment:

"We believe that Motorola Mobility Holdings, Inc.'s CEO, Sanjay Jha, has made significant strides in turning around the company's flagging handset business," Pacific Crest analysts wrote in a May 7 report. "The company has refocused the product roadmap on smartphones and created strong buzz with its new Android-based phones. It has also done an excellent job of rationalizing its cost structure. However, we believe that while Motorola Mobility has been performing quite well in a difficult environment positioned for sustainability, the realities of a zero growth handset market, combined with already-high expectations, could conspire to keep Motorola's stock range-bound."

Twenty-seven of the 32 analysts who cover Motorola rate it at hold. Four analysts give the stock a sell rating and one rates it at buy.

The stock has risen 3.04% year to date.

-- Written by Alexandra Zendrian in New York.

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