Walgreen Stock Hits 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 Thursday as it is currently trading at $39.70, above its previous 52-week high of $39.60 with 525,585 shares traded as of 10:06 a.m. ET. Average volume has been 6.8 million shares over the past 30 days.

Walgreen has a market cap of $37.32 billion and is part of the services sector and retail industry. Shares are up 5.9% 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 17.8, equal to 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 increase in stock price during the past year, 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.

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