Xerox Corporation (XRX): Today's Featured Consumer Durables Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Xerox Corporation fell $0.11 (-1.1%) to $9.69 on average volume. Throughout the day, 11,223,149 shares of Xerox Corporation exchanged hands as compared to its average daily volume of 8,080,300 shares. The stock ranged in price between $9.62-$9.81 after having opened the day at $9.80 as compared to the previous trading day's close of $9.80. Other companies within the Consumer Durables industry that declined today were:
(
), down 19.1%,
Global-Tech Advanced Innovations
(
), down 15.5%,
(
), down 11.7% and
Furniture Brands International
(
), down 4.3%.
Xerox Corporation provides business process and document management services worldwide. Xerox Corporation has a market cap of $12.1 billion and is part of the technology sector. Shares are up 43.7% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Xerox Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Xerox Corporation
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, attractive valuation levels, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Xerox Corporation Ratings Report.
On the positive front,
(
), up 2.4%,
Virco Manufacturing Corporation
(
), up 2.3%,
(
), up 1.9% and
(
), up 1.9%.
- Use our consumer durables section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the consumer durables industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
null