Smithfield Stock Hits New 52-Week High (SFD)

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) -- Smithfield Foods (NYSE: SFD) hit a new 52-week high Monday as it is currently trading at $27.23, above its previous 52-week high of $26.73 with 218,037 shares traded as of 9:35 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Smithfield has a market cap of $3.67 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 20.7% year to date as of the close of trading on Friday.

Smithfield Foods, Inc., together with its subsidiaries, engages in the production and marketing of fresh meat and packaged meat products in the United States and internationally. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Smithfield as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Smithfield Ratings Report.

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