3 Stocks Pushing The Materials & Construction Industry Higher
TheStreet Ratings group would like to highlight 3 stocks pushing the materials & construction industry higher today, Nov. 16, 2012.Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.3%) at 12,582 as of Friday, Nov. 16, 2012, 11:59 AM ET. The NYSE advances/declines ratio sits at 1,549 issues advancing vs. 1,392 declining with 99 unchanged. The Materials & Construction industry currently sits down 0.5% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Toll Brothers ( TOL), up 1.6%, Lennar Corporation ( LEN), up 1.2%, PulteGroup ( PHM), up 1.0% and DR Horton ( DHI), up 0.7%. On the negative front, top decliners within the industry include Foster Wheeler ( FWLT), down 3.3%, James Hardie Industries ( JHX), down 2.1% and Vulcan Materials Company ( VMC), down 1.3%. TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today: 3. Republic Services ( RSG) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Republic Services is up $0.18 (0.7%) to $26.80 on average volume Thus far, 1.4 million shares of Republic Services exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $26.60-$26.90 after having opened the day at $26.68 as compared to the previous trading day's close of $26.62. Republic Services, Inc. provides non-hazardous solid waste collection, transfer, and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. Republic Services has a market cap of $9.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7. Shares are down 3.4% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Republic Services a buy, no analysts rate it a sell, and 6 rate it a hold. TheStreet Ratings rates Republic Services as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Republic Services Ratings Report
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