Foster Wheeler AG (FWLT): Today's Featured Industrial Goods 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 Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole was unchanged today. By the end of trading, Foster Wheeler fell $0.81 (-2.5%) to $31.07 on average volume. Throughout the day, 1,446,642 shares of Foster Wheeler exchanged hands as compared to its average daily volume of 1,047,800 shares. The stock ranged in price between $31.00-$32.10 after having opened the day at $32.05 as compared to the previous trading day's close of $31.88. Other companies within the Industrial Goods sector that declined today were:
(
), down 26.8%,
(
), down 9.3%,
(
), down 7.9% and
(
), down 7.7%.
Foster Wheeler AG, through its subsidiaries, operates in engineering and construction, as well as power generating equipment businesses worldwide. Foster Wheeler has a market cap of $3.0 billion and is part of the materials & construction industry. The company has a P/E ratio of 22.3, above the S&P 500 P/E ratio of 17.7. Shares are up 26.5% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Foster Wheeler a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Foster Wheeler
as a
. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and poor profit margins.
- You can view the full Foster Wheeler Ratings Report.
On the positive front,
(
), up 24.6%,
(
), up 12.3%,
(
), up 10.6% and
(
), up 6.2% , were all gainers within the industrial goods sector with
(
) being today's featured industrial goods sector leader.
- Use our industrial goods section to find sector-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 industrial goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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