Amerigroup Stock Hits New 52-Week High (AGP)

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) -- Amerigroup Corporation (NYSE: AGP) hit a new 52-week high Friday as it is currently trading at $91.42, above its previous 52-week high of $91.39 with 223,757 shares traded as of 9:36 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Amerigroup has a market cap of $4.46 billion and is part of the health care sector and health services industry. Shares are up 54.5% year to date as of the close of trading on Thursday.

AMERIGROUP Corporation operates as a multi-state managed healthcare company. The company has a P/E ratio of 31.4, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Amerigroup as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Amerigroup Ratings Report.

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