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Will These 3 Good Performers Beat the Market?

The following stocks have performed very well over the past month, year and three years.

Additionally, the following securities have a moderate to strong balance sheet and they are running profitable businesses. These two factors increase the likelihood that the following securities will continue to produce positive returns.

Analysts predict these stocks will outperform either their industries or the entire market within 12 months as they issued an overweight recommendation rating for all of them.

Novo Nordisk A/S (NYSE:NVO) has climbed 5.74% over the past month, 9.12% so far this year, 7.25% over the last 52 weeks and 8.86% over the past three years through Aug. 9. The company paid a semi-annual dividend of 78.9 cents per share last April.

The Danish biotechnology company was trading around $50.27 per share at close on Friday for a market capitalization of $118.82 billion.

The stock has a price-earnings ratio of 21.02, a price-sales ratio of 7.06 and a price-book ratio of 16.99, indicating, together with the Peter Lynch chart, that the stock is not cheap.

GuruFocus assigned a very high rating of 8 out of 10 for the financial strength and for the profitability and growth of the company.

Wall Street issued an overweight recommendation rating for shares of Novo Nordisk A/S with an average target price of $53.67.

Starbucks Corp. (NASDAQ:SBUX) has gained 7.27% over the past month, 49.53% year to date, 86.95% over the last 52 weeks and 73.61% over the past three years through Aug. 9. The company will pay a 36-cent cash quarterly dividend per common share on Aug. 23 to shareholders of record Aug. 8.

Shares of the Seattle-based retailer of specialty coffee worldwide closed at $96.3 on Friday for a market capitalization of $115.27 billion.

The stock has a price-earnings ratio of 34.15 and a price-sales ratio of 4.68. These ratios along with below Peter Lynch chart suggest Starbucks is not cheap.

GuruFocus assigned a moderate rating of 5 out of 10 for the financial strength of Starbucks Corp and a very positive rating of 7 out of 10 for the profitability and growth of the company.

Wall Street issued an overweight recommendation rating for shares of Starbucks Corp. with an average target price of $96.92.

Lockheed Martin Corp. (NYSE:LMT) has gained 2% over the past month, 43.9% year to date, 20.4% over the last 52 weeks and 42.7% over the past three years through Aug. 9. The company will pay a $2.2 cash quarterly dividend per common share on Sept. 27 to shareholders of record Sept. 3. The ex-dividend date is Aug. 30.

Shares of the Bethesda-based aerospace and defense company closed at $377.01 on Friday for a market capitalization of $106.47 billion. It has a price-earnings ratio of 18.37 and a price-sales ratio of 1.87. These ratios and the chart of Peter Lynch indicate that the stock is not at its cheapest.

GuruFocus assigned a rating of 5 out of 10 for the financial strength, indicating the company's balance sheet is moderately solid. GuruFocus gave a high rating of 9 out of 10 for the profitability and growth of the company, meaning that the Lockheed Martin runs a profitable business that will likely stay so for many years.

Wall Street issued an overweight recommendation rating for shares of Lockheed Martin Corp. with an average target price of $394.21.

Disclosure: I have no positions in any securities mentioned.

This article first appeared on GuruFocus.