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 0.6%. By the end of trading, McDermott International fell 14 cents (-1.1%) to $12.79 on heavy volume. Throughout the day, 5.7 million shares of McDermott International exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in price between $12.71-$13.01 after having opened the day at $12.95 as compared to the previous trading day's close of $12.93. Other companies within the Industrial Goods sector that declined today were:
), down 9.7%,
), down 8.5%,
), down 5.5%, and
), down 5.4%.
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McDermott International, Inc. operates as an engineering, procurement, construction, and installation (EPCI) company worldwide. It focuses on designing and executing complex offshore oil and gas projects. McDermott International has a market cap of $3.06 billion and is part of the
industry. The company has a P/E ratio of 16.6, below the average materials & construction industry P/E ratio of 26.5 and below the S&P 500 P/E ratio of 17.7. Shares are up 17.8% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate McDermott International a buy, one analyst rates it a sell, and one rates it a hold.
TheStreet Ratings rates McDermott International as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.
- You can view the full McDermott International Ratings Report.
On the positive front,
), up 15.1%,
), up 13.9%,
), up 11.9%, and
), up 10.5%, 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.
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