3 shares starting May at 52-week highs

It is a mixed bag on the 52-week high list to kick off May, with education, booze and toll road stocks making the grade.

Check out the low down on 3 of these high flyers below.

Idp Education Ltd (ASX: IEL)

Shares in international student placement services company Idp Education Ltd have been on a steady upswing for the past 12 months, sitting up 2% to $7.84 at the time of writing, a rise of 70% from $4.60 at this time last year.

Idp certainly seems like a smart stock to have on your watchlist at present given the burgeoning international education market in Australia, with demand for students from China and emerging nations such as Cambodia and Myanmar seeing demand for Idp’s services soar.

Idp certainly seems to be faring better than the likes of education services provider Navitas Limited (ASX: NVT) whose share price has bottomed out at $4.28 – slipping from late 2017 highs of $5.59.

While Idp has leveraged on its service diversity, Navitas has poured a lot of effort into its 26-country strong technology institute, with an underwhelming interim result in February causing stock prices to fall around 9%.

Both stocks have had to weather government regulatory changes and policy shifts, but it seems Idp just managed to come out kicking where Navitas has flailed.

Also in the education space G8 Education Ltd (ASX: GEM) has hit bargain bin territory of late, with UBS and Credit Suisse both labelling the childcare centre operator as a buy earlier this month.

Treasury Wine Estates Ltd (ASX: TWE)

Shares in global wine distributor Treasury Wine Estates Ltd have risen 56% from just $12.17 at this time last year to $18.85 at the time of writing, hitting the 52-week high list on April 30 with a closing price of $19.07.

Treasury seems to be going from strength to strength – with news this week it would add two new Californian wines to its travel retail category.

There has been some head office staff shuffling of late with the exit of global CMO Simon Marton and resultant promotion of Michelle Terry as part of a wider strategy to gain market share in the US.

Treasury’s fundamentals are strong, with first-half NPAT coming in up 37% on the previous corresponding period at $187.2 and EBITS forecast of $524 million for FY18, up from $455.1 million in FY17.

This is one stock I’d be holding onto for now.

Macquarie Atlas Roads Limited (ASX: MQA)

Shares in global toll road developer Macquarie Atlas Roads Limited has seen some volatility in the last 12-months but is sitting pretty at 52-week highs up 0.5% to $6.46 at the time of writing.

UBS this month labelled Macquarie Atlas as a buy, with the broker believing management changes would see cash flow improve and investor sentiment swing upwards.

Macquarie Atlas announced the appointment of a new CEO last week, when James Hooke was appointed to take over the role as of today as the business works through the process of separating its management from Macquarie Group Ltd (ASX: MQG).

Urban toll road peer Transurban Group (ASX: TCL) has not been so lucky on the share price front of late, dropping back to $11.66 at the time of writing from a December 2017 high of $12.99, but the company has a solid pipeline of projects on the go, with a recent announcement it would expand into Canada putting it in favour with several brokers.

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Transurban Group and Treasury Wine Estates Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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