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 Materials & Construction industry lower today making it today's featured Materials & Construction laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Foster Wheeler fell $0.50 (-1.6%) to $30.40 on heavy volume. Throughout the day, 5,932,042 shares of Foster Wheeler exchanged hands as compared to its average daily volume of 1,207,100 shares. The stock ranged in price between $30.23-$31.00 after having opened the day at $30.85 as compared to the previous trading day's close of $30.90. Other companies within the Materials & Construction industry that declined today were:
), down 7.7%,
), down 4.5%,
), down 3.2% and
), down 2.7%.
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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 $3.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are down 6.4% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Foster Wheeler a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. 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 good cash flow from operations. 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 6.4%,
), up 4.5%,
), up 4.2% and
), up 4.0% , were all gainers within the materials & construction industry with
) being today's featured materials & construction industry leader.
- Use our materials & construction 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 materials & construction industry could consider
) while those bearish on the materials & construction industry could consider
- Find other investment ideas from our top rated ETFs lists.