Xerox Corporation (XRX): Today's Featured Consumer Durables Laggard

Xerox Corporation (XRX) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 1.2%. By the end of trading, Xerox Corporation fell 49 cents (-6.8%) to $6.70 on heavy volume. Throughout the day, 24.6 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 12.7 million shares. The stock ranged in price between $6.66-$7.12 after having opened the day at $7.07 as compared to the previous trading day's close of $7.19. Other company's within the Consumer Durables industry that declined today were: American Woodmark Corporation (AMWD), down 7.7%, Sealy (ZZ), down 6.3%, Fossil (FOSL), down 5%, and HNI Corporation (HNI), down 4.3%.

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Xerox Corporation provides business process and information technology (IT) outsourcing, and document management services worldwide. Xerox Corporation has a market cap of $9.69 billion and is part of the consumer goods sector. The company has a P/E ratio of eight, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 9.7% year to date as of the close of trading on Thursday. Currently there are four analysts that rate Xerox Corporation a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates Xerox Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Xerox Ratings Report.

• Use our consumer durables section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider Consumer Discretionary Sel Sec SPDR (XLY) while those bearish on the consumer durables industry could consider ProShares Ultra Sht Consumer Goods (SZK).

• Find other investment ideas from our top rated ETFs lists.

For more information on Xerox Corporation click any of the following:

• Xerox Corporation Stock Price

• Xerox Corporation Analyst Ratings

• Xerox Corporation Key Stats & Profile

• Xerox Corporation Earnings

• Xerox Corporation Ratio Comparison

• Xerox Corporation Growth Rates

• Xerox Corporation Balance Sheet

• Xerox Corporation Cash Flow

• Xerox Corporation Income Statement