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 Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Magna International fell $1.15 (-1.4%) to $81.12 on average volume. Throughout the day, 466,776 shares of Magna International exchanged hands as compared to its average daily volume of 583,600 shares. The stock ranged in price between $81.06-$82.54 after having opened the day at $82.27 as compared to the previous trading day's close of $82.27. Another company within the Wholesale industry that decreased today was
), down 3.6%.
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Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally. Magna International has a market cap of $18.6 billion and is part of the services sector. The company has a P/E ratio of 14.0, below the S&P 500 P/E ratio of 17.7. Shares are up 65.8% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Magna International a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Magna International Ratings Report.
On the positive front,
), up 8.2%,
), up 5.0%,
), up 3.8% and
), up 3.3% , were all gainers within the wholesale industry with
) being today's featured wholesale industry leader.
- Use our wholesale 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 wholesale industry could consider
) while those bearish on the wholesale industry could consider
- Find other investment ideas from our top rated ETFs lists.