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 0.3%. By the end of trading, Manitowoc fell 17 cents (-1.3%) to $12.54 on light volume. Throughout the day, 2.4 million shares of Manitowoc exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $12.46-$12.76 after having opened the day at $12.62 as compared to the previous trading day's close of $12.71. Other companies within the Industrial Goods sector that declined today were:
), down 12.4%,
), down 8.6%,
), down 8.4%, and
), down 7.9%.
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The Manitowoc Company, Inc. engages in the design, manufacture, and sale of cranes and related products, and foodservice equipment worldwide. It operates through two segments, Cranes and Related Products, and Foodservice Equipment. Manitowoc has a market cap of $1.69 billion and is part of the
industry. The company has a P/E ratio of 20.8, below the average industrial industry P/E ratio of 40 and above the S&P 500 P/E ratio of 17.7. Shares are up 42.4% year to date as of the close of trading on Thursday. Currently there are seven analysts that rate Manitowoc a buy, no analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates Manitowoc as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Manitowoc Ratings Report.
On the positive front,
), up 15.6%,
), up 13.7%,
), up 12.3%, and
), up 8.4%, 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.