5 Companies Hit 52-Week Highs

Recently, multiple companies have managed to achieve yearly peaks

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May 15, 2018
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According to GuruFocus list of 52-week highs, these guru stocks have reached their 52-week highs.

Baidu Inc. (BIDU, Financial) reached the 52-week high of $269.91

Baidu Inc. is one of the world's leading Chinese-language internet search engines. The company through its website primarily serves over 0.8 million advertisers which include small and medium-size businesses. Baidu is the largest internet search engine in China with mid-70s mobile traffic share in the search market. The firm generates 86% of revenue from online marketing services and the rest from other segments. Baidu is a technology-driven company and has been investing in artificial intelligence technology, such as autonomously driven cars.

The price of Baidu Inc. shares has reached $269.91, which is 1.9% off the 52-week high of $274.97. Baidu Inc. has a market cap of $94.13 billion; its shares were traded around $269.91 with a P/E ratio of 26.57 and P/S ratio of 6.99. Baidu Inc. had an annual average earnings growth of 48% over the past 10 years. GuruFocus rated Baidu Inc. the business predictability rank of 3-star.

Baidu Inc. recently announced its unaudited financial results for the first quarter ended March 31, 2018. First quarter 2018 financial highlights include:

  • Total revenues were RMB 20.9 billion ($3.33 billion), increasing 31% year over year.
  • Operating income was RMB 4.6 billion ($728 million), increasing 128% year over year. Operating margin reached 22%, compared to 13% for the first quarter of 2017.
  • Non-GAAP operating income was RMB 5.3 billion ($852 million), increasing 103% year over year. Non-GAAP operating margin reached 26%, compared to 17% for the first quarter of 2017
  • Net income attributable to Baidu was RMB 6.7 billion ($1.1 billion) and diluted earnings attributable to Baidu per ADS was RMB 19($2.98). Non-GAAP net income attributable to Baidu was RMB 4.6 billion ($731 million) and non-GAAP diluted earnings per ADS was RMB 13 ($2.08).
  • Adjusted EBITDA was RMB 6.1 billion ($979 million), or 29% of total revenues, increasing 69% year-over-year.

Anthem Inc. (ANTX, Financial) reached the 52-week high of $56.86

Anthem Inc. is a health benefits company offering a network-based managed care plans to the large and small employer, individual, Medicaid and Medicare markets. Its business segments are Commercial and Specialty Business, Government Business and Other. With over 40 million medical members, Anthem is one of the largest managed-care organizations in the U.S. The firm provides health insurance services to its members through a plethora of products that encompass every major insurance market--individual, group, and government-sponsored. The firm operates under the highly recognizable Blue Cross/Blue Shield brand in 14 states and has a large nationwide operation.

The price of Anthem Inc. (ANTX, Financial) shares has reached $56.86, which is -5.0% off the 52-week high of $54.01. Anthem Inc. has a market cap of $51.94 billion; its shares were traded around $56.86 with a P/E ratio of 14.88 and P/S ratio of 0.69. The trailing 12-month dividend yield of Anthem Inc. stocks is 4.62%. The forward dividend yield of Anthem Inc. stocks is 4.62%. Anthem Inc. had an annual average earnings growth of 9.60% over the past 10 years. GuruFocus rated Anthem Inc. the business predictability rank of 4.5-star.

Anthem Inc. recently reported strong first quarter 2018 financial results. First quarter net income increased 30% to $1.3 billion with margins improving across the company's business segments. Adjusted net income of $5.41 per share grew by 15.6% year-over-year. Generated operating cash flows of $2.2 billion, or 1.7 times net income.

Waste Connections Inc. (WCN, Financial) Reached the 52-Week High of $75.70

Waste Connections Inc. is a solid waste services company in North America. The company provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets in the U.S. and Canada. Waste Connections handles collection and disposal of municipal solid waste in secondary markets across the U.S. In addition, the company owns intermodal facilities that operate waste-by-rail fleets to serve franchise markets in the Pacific Northwest. While the majority of the company's operations support the handling of nonhazardous municipal solid waste, the 2012 acquisition of R360 Environmental increased exposure to the oil and gas sector. Additionally, in 2016, Waste Connections combined with Canada's Progressive Waste.

The price of Waste Connections Inc. shares has reached $75.70, which is 1.0% off the 52-week high of $76.48. Waste Connections Inc. has a market cap of $20.02 billion; its shares were traded around $75.70 with a P/E ratio of 29.06 and P/S ratio of 5.67. The trailing 12-month dividend yield of Waste Connections Inc. stocks is 0.69%. The forward dividend yield of Waste Connections Inc. stocks is 0.74%. Waste Connections Inc. had an annual average earnings growth of 6.40% over the past 10 years.

Waste Connections Inc. recently announced its results for the first quarter of 2018. Revenue in the first quarter totaled $1.140 billion, up from $1.091 billion in the year-ago period. Operating income was $188.7 million; this compares to $26.4 million in the year-ago period, which included $141.7 million in non-cash impairments and other charges. Net income attributable to Waste Connections in the first quarter was $124.9 million, or 47 cents per share on a diluted basis of 264.6 million shares. In the year ago period, the company reported net income attributable to Waste Connections of $14.9 million, or 6 cents per share on a diluted basis of 263.9 million shares.

Noble Energy Inc. (NBL, Financial) reached the 52-week high of $34.86

Noble Energy Inc. is an independent energy company. It is engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. Noble Energy is an independent oil and gas producer with key assets in the U.S., Israel and West Africa. At the end of 2017, the company reported net proven reserves of 2.0 billion barrels of oil equivalent. Net production averaged 381 thousand barrels of oil equivalent per day in 2017, at a ratio of 51% oil and natural gas liquids and 49% natural gas.

The price of Noble Energy Inc. (NBL, Financial) shares has reached $34.86, which is 1.4% off the 52-week high of $35.34. Noble Energy Inc. has a market cap of $16.89 billion; its shares were traded around $34.86 with and P/S ratio of 3.73. The trailing 12-month dividend yield of Noble Energy Inc. stocks is 1.18%. The forward dividend yield of Noble Energy Inc. stocks is 1.26%.

First quarter net income attributable to Noble Energy totaled $554 million, or $1.14 per diluted share. The company reported adjusted net income and adjusted net income per share attributable to Noble Energy for the quarter of $172 million, or 35 cents per diluted share, which excludes the impact of certain items typically not considered by analysts in formulating estimates. Adjusted Ebitdax was $797 million.

Senior Vice President of Human Resources and Administration Andrea Lee Robison sold 8,760 shares of NBL stock on May 9, 2018, at the price of $35 per share. The price of the stock has decreased by 0.4% since.

Cisco Systems Inc. (CSCO, Financial) reached the 52-week high of $45.93

Cisco Systems is the world's leading supplier of data networking equipment and software. Its products include routers, switches, access equipment and security and network management software that allow data communication among dispersed computer networks. The firm has also entered newer markets, such as video conferencing, Web-based collaboration, data center servers and cloud connectivity solutions.

The price of Cisco Systems Inc. shares has reached $45.93, which is 1.0% off the 52-week high of $46.37. Cisco Systems Inc. has a market cap of $221.27 billion; its shares were traded around $45.93 with and P/S ratio of 4.77. The trailing 12-month dividend yield of Cisco Systems Inc. stocks is 2.61%. The forward dividend yield of Cisco Systems Inc. stocks is 2.87%. Cisco Systems Inc. had an annual average earnings growth of 6.60% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 3.5-star.

Cisco recently reported second quarter results for the period ended Jan. 27, 2018. Cisco reported second quarter revenue of $11.9 billion, net loss on a generally accepted accounting principles (GAAP) basis of $(8.8) billion or $(1.78) per share, and non-GAAP net income of $3.1 billion or 63 cents per share. GAAP operating income was $3.1 billion, up 6%, with GAAP operating margin of 25.9%. Non-GAAP operating income was $3.8 billion, up 5%, with non-GAAP operating margin of 31.7%.

Note: I do not own the stocks discussed.