Cooper Reaches New 52-Week High (CBE)

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) -- Cooper Industries (NYSE: CBE) hit a new 52-week high Wednesday as it is currently trading at $76.09, above its previous 52-week high of $75.90 with 350,505 shares traded as of 12:30 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Cooper has a market cap of $12 billion and is part of the technology sector and electronics industry. Shares are up 39.3% year to date as of the close of trading on Tuesday.

Cooper Industries plc manufactures and sells electrical components and tools in the United States and internationally. It operates in two segments, Energy and Safety Solutions, and Electrical Products Group. The company has a P/E ratio of 18.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cooper as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and increase in net income. 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 Cooper Ratings Report.

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Cooper Industries PLC. Stock Buy Recommendation Reiterated (CBE)