Cooper Stock Hits 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 Thursday as it is currently trading at $76.56, above its previous 52-week high of $76.55 with 1.4 million shares traded as of 1:55 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Cooper has a market cap of $11.86 billion and is part of the technology sector and electronics industry. Shares are up 38.4% year to date as of the close of trading on Wednesday.

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 17, below 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, impressive record of earnings per share growth, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Cooper Ratings Report.

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Cooper Industries PLC. Stock Buy Recommendation Reiterated (CBE)