Beam (NYSE:BEAM) hit a new 52-week high Thursday as it is currently trading at $66.64, above its previous 52-week high of $66.21 with 554,525 shares traded as of 11:36 a.m. ET. Average volume has been 761,600 shares over the past 30 days.
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 Thursday as it is currently trading at $66.64, above its previous 52-week high of $66.21 with 554,525 shares traded as of 11:36 a.m. ET. Average volume has been 761,600 shares over the past 30 days. Beam has a market cap of $10.38 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 5.2% year to date as of the close of trading on Wednesday. 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 26.1, 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Beam Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.