Walgreen Company (NYSE:WAG) hit a new 52-week high Thursday as it is currently trading at $38.57, above its previous 52-week high of $38.56 with 52,614 shares traded as of 9:31 a.m. ET. Average volume has been 6.7 million shares over the past 30 days.
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 Thursday as it is currently trading at $38.57, above its previous 52-week high of $38.56 with 52,614 shares traded as of 9:31 a.m. ET. Average volume has been 6.7 million shares over the past 30 days. Walgreen has a market cap of $36.07 billion and is part of the services sector and retail industry. Shares are up 3.1% year to date as of the close of trading on Wednesday. Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. The company has a P/E ratio of 17.2, 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. 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. See all 52-week high stocks or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.