Walgreen Reaches New 52-Week High (WAG)

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) -- Walgreen Company (NYSE: WAG) hit a new 52-week high Monday as it is currently trading at $36.93, above its previous 52-week high of $36.90 with 2.1 million shares traded as of 11 a.m. ET. Average volume has been 8.3 million shares over the past 30 days.

Walgreen has a market cap of $31.42 billion and is part of the services sector and retail industry. Shares are up 10.2% year to date as of the close of trading on Friday.

Walgreen Co., together with its subsidiaries, operates a chain of drugstores in the United States. The company has a P/E ratio of 12.6, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Walgreen as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Walgreen Ratings Report.

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