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) -- Shares of Safeway (NYSE: SWY) were gapping up Thursday morning with an open price 18.4% higher than Wednesday's closing price. The stock closed at $23.11 Wednesday and opened today's trading at $27.37.
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The average volume for Safeway has been 5.2 million shares per day over the past 30 days. Safeway has a market cap of $5.62 billion and is part of the services sector and retail industry. Shares are up 27.8% year to date as of the close of trading on Wednesday. Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Safeway as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Safeway Ratings Report. Get more investment ideas from our investment research center. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..