Beam Reaches New 52-Week High (BEAM)

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) -- Beam (NYSE: BEAM) hit a new 52-week high Tuesday as it is currently trading at $64.45, above its previous 52-week high of $64 with 341,976 shares traded as of 11:01 a.m. ET. Average volume has been 720,200 shares over the past 30 days.

Beam has a market cap of $10.19 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 3.6% year to date as of the close of trading on Monday.

Beam Inc. manufactures and sells distilled spirits worldwide. The company's principal products include bourbon whiskey, tequila, Scotch whisky, Canadian whisky, vodka, cognac, rum, cordials, and ready-to-drink pre-mixed cocktails. The company has a P/E ratio of 25.6, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Beam as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Beam Ratings Report.

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