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
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Foster Wheeler fell 26 cents (-1.1%) to $22.71 on light volume. Throughout the day, 904,605 shares of Foster Wheeler exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in price between $22.46-$23.20 after having opened the day at $22.92 as compared to the previous trading day's close of $22.97. Other companies within the Industrial Goods sector that declined today were:
), down 11.4%,
), down 6.9%,
), down 6.4%, and
), down 6.4%.
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Foster Wheeler AG, through its subsidiaries, operates as an engineering and construction contractor; and power generating equipment supplier worldwide. Foster Wheeler has a market cap of $2.59 billion and is part of the materials & construction industry. The company has a P/E ratio of 18.4, above the average materials & construction industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 20% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Foster Wheeler a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates Foster Wheeler as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and feeble growth in the company's earnings per share.
- You can view the full Foster Wheeler Ratings Report.
- 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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