FirstEnergy The diverisifed energy company's subsidiary Pennsylvania Electric is consolidating its operations. The consolidation is expected to be completed in the fall. Shares of First Energy hit a 52-week high on Tuesday of $48.17. The stock's 52-week low of $38.77 was set on Aug. 9. First Energy's stock currently trades at a forward P/E of 15X; the average for conventional electricity companies is 22.4X. For comparison, Exelon ( EXC) has a lower forward P/E of 12.5X. Ten of the 18 analysts who cover First Energy rate it at buy; eight analysts give the stock a hold rating. The stock has risen 8.37% year to date.
Jack in the Box Shares of Jack in the Box hit a 52-week high of $24.87 on Tuesday. The stock's 52-week low of $18.25 was set on Aug. 19. Jack in the Box's forward P/E is 15.84; the average for restaurant and bar companies is 16.28. For comparison, Wendy's ( WEN) has a higher forward P/E of 22.36. Analyst comment: "We continue to rate JACK shares Underperform but are raising our price objective from $18 to $21 as we shift our valuation methodology from our FY12 to FY13 estimates," Bank of America Merrill Lynch analysts wrote in a May 17 report. "We are raising our FY 12 and FY13 respective EPS estimates from $1.36 and $1.54 to $1.42 and $1.57, mostly driven by better margins. We continue to believe Jack's valuation seems rich, at a premium to other QSR stocks, including those with significant international businesses." Seven of the 13 analysts who cover Jack in the Box rate it at hold. Three analysts give the stock a buy rating and another three rate it at sell. The stock has risen 18.04% year to date.