3. As of noon trading, Safeway ( SWY) is up $0.44 (1.9%) to $23.75 on average volume Thus far, 3.6 million shares of Safeway exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $23.33-$23.88 after having opened the day at $23.33 as compared to the previous trading day's close of $23.31.

Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. Safeway has a market cap of $5.7 billion and is part of the retail industry. The company has a P/E ratio of 10.4, below the S&P 500 P/E ratio of 17.7. Shares are up 28.9% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Safeway a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Safeway as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, notable return on equity, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Safeway Ratings Report now.

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