5 Stocks Pushing The Consumer Goods Sector Lower

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 up today with the Dow Jones Industrial Average (^DJI) trading down 9 points (-0.1%) at 12,786 as of Tuesday, Nov. 20, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,471 issues advancing vs. 1,424 declining with 128 unchanged.

The Consumer Goods sector currently is unchanged today versus the S&P 500, which is up 0.0%. On the negative front, top decliners within the sector include Panasonic Corporation (PC), down 6.1%, Sony Corporation (SNE), down 2.4%, Canon (CAJ), down 2.1% and Honda Motor (HMC), down 1.6%. Top gainers within the sector include Whirlpool Corporation (WHR), up 2.8%, Coca-Cola Hellenic Bottling Company S.A (CCH), up 2.6%, Koninklijke Philips Electronics (PHG), up 1.8% and BRF - Brasil Foods (BRFS), up 1.2%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Hormel Foods Corporation (HRL) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Hormel Foods Corporation is down $1.20 (-3.8%) to $30.10 on heavy volume Thus far, 965,952 shares of Hormel Foods Corporation exchanged hands as compared to its average daily volume of 753,900 shares. The stock has ranged in price between $29.82-$31.00 after having opened the day at $30.76 as compared to the previous trading day's close of $31.30.

Hormel Foods Corporation engages in the production and marketing of various meat and food products. Its meat products include fresh, frozen, cured, smoked, cooked, and canned meat. Hormel Foods Corporation has a market cap of $8.1 billion and is part of the food & beverage industry. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are up 5.4% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Hormel Foods Corporation a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Hormel Foods Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Hormel Foods Corporation Ratings Report now.

1 2 3 4 5 Next › Last »

 

For more information on Hormel Foods Corporation click any of the following:

• Hormel Foods Corporation Stock Price

• Hormel Foods Corporation Analyst Ratings

• Hormel Foods Corporation Key Stats & Profile

• Hormel Foods Corporation Earnings

• Hormel Foods Corporation Ratio Comparison

• Hormel Foods Corporation Growth Rates

• Hormel Foods Corporation Balance Sheet

• Hormel Foods Corporation Cash Flow

• Hormel Foods Corporation Income Statement