New Lifetime High For Hospira (HSP)

Trade-Ideas LLC identified Hospira ( HSP) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Hospira as such a stock due to the following factors:

  • HSP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $85.8 million.
  • HSP has traded 51,903 shares today.
  • HSP is trading at a new lifetime high.

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More details on HSP:

Hospira, Inc. provides injectable drugs and infusion technologies to develop, manufacture, distribute, and market products worldwide. The company operates through Americas, EMEA, and APAC segments. HSP has a PE ratio of 37. Currently there is 1 analyst that rates Hospira a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Hospira has been 1.0 million shares per day over the past 30 days. Hospira has a market cap of $15.5 billion and is part of the health care sector and drugs industry. The stock has a beta of 1.03 and a short float of 1% with 1.64 days to cover. Shares are up 46.2% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Hospira as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 7.0%. Since the same quarter one year prior, revenues slightly increased by 4.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.48, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.27, which illustrates the ability to avoid short-term cash problems.
  • Powered by its strong earnings growth of 95.23% and other important driving factors, this stock has surged by 62.31% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, HSP should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • HOSPIRA INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, HOSPIRA INC turned its bottom line around by earning $1.95 versus -$0.05 in the prior year. This year, the market expects an improvement in earnings ($3.25 versus $1.95).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Pharmaceuticals industry. The net income increased by 104.7% when compared to the same quarter one year prior, rising from $70.90 million to $145.10 million.

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