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 Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Ingredion fell $1.36 (-2.1%) to $64.65 on heavy volume. Throughout the day, 722,311 shares of Ingredion exchanged hands as compared to its average daily volume of 452,900 shares. The stock ranged in price between $63.74-$66.22 after having opened the day at $66.15 as compared to the previous trading day's close of $66.01. Other companies within the Food & Beverage industry that declined today were:
), down 5.7%,
), down 5.0%,
), down 5.0% and
), down 4.5%.
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Ingredion Incorporated, together with its subsidiaries, manufactures and sells starch and sweetener ingredients in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa. Ingredion has a market cap of $5.3 billion and is part of the consumer goods sector. The company has a P/E ratio of 12.0, below the S&P 500 P/E ratio of 17.7. Shares are up 2.5% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Ingredion a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Ingredion Ratings Report.
On the positive front,
), down 4.9%,
), down 4.7%,
), down 4.6% and
), down 4.2% , were all gainers within the food & beverage industry with
) being today's featured food & beverage industry leader.
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) while those bearish on the food & beverage industry could consider
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