MeadWestvaco Reaches New 52-Week High (MWV)

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) -- MeadWestvaco Corporation (NYSE: MWV) hit a new 52-week high Thursday as it is currently trading at $35.83, above its previous 52-week high of $35.80 with 259,837 shares traded as of 10:46 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

MeadWestvaco has a market cap of $6.13 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 9.5% year to date as of the close of trading on Wednesday.

MeadWestvaco Corporation provides packaging solutions to the healthcare, beauty and personal care, food, beverage, tobacco, and home and garden industries worldwide. The company has a P/E ratio of 29.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates MeadWestvaco as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full MeadWestvaco Ratings Report.

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