Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Rayonier (NYSE: RYN) hit a new 52-week high Tuesday as it is currently trading at $49.17, above its previous 52-week high of $49.15 with 443,072 shares traded as of 1:20 p.m. ET. Average volume has been 739,200 shares over the past 30 days.

Rayonier has a market cap of $6.01 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 9.8% year to date as of the close of trading on Friday.

Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. The company has a P/E ratio of 21.9, equal to the average conglomerates industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Rayonier as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Rayonier Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.