Rock-Tenn Company (NYSE:RKT) hit a new 52-week high Wednesday as it is currently trading at $77.74, above its previous 52-week high of $76.18 with 115,814 shares traded as of 9:36 a.m. ET. Average volume has been 605,400 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) -- Rock-Tenn Company (NYSE: RKT) hit a new 52-week high Wednesday as it is currently trading at $77.74, above its previous 52-week high of $76.18 with 115,814 shares traded as of 9:36 a.m. ET. Average volume has been 605,400 shares over the past 30 days. Rock-Tenn has a market cap of $5.32 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 7% year to date as of the close of trading on Tuesday. Rock-Tenn Company manufactures and sells corrugated and consumer packaging products in the United States, Canada, Mexico, Chile, Argentina, Puerto Rico, and China. The company has a P/E ratio of 21.5, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Rock-Tenn as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, 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 shows weak operating cash flow. You can view the full Rock-Tenn Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.