) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 0.3%. By the end of trading, VeriFone Systems fell 87 cents (-2.3%) to $36.29 on light volume. Throughout the day, 1.7 million shares of VeriFone Systems exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in price between $35.92-$37.71 after having opened the day at $37.03 as compared to the previous trading day's close of $37.16. Other company's within the Consumer Durables industry that declined today were:
), down 5.5%,
), down 5%,
), down 4.6%, and
), down 4.4%.
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Verifone Systems, Inc. designs, markets, and services electronic payment solutions in North America and internationally. VeriFone Systems has a market cap of $4.08 billion and is part of the
sector. The company has a P/E ratio of 16.4, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 4.6% year to date as of the close of trading on Monday. Currently there are nine analysts that rate VeriFone Systems a buy, one analyst rates it a sell, and three rate it a hold.
TheStreet Ratings rates VeriFone Systems as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and generally poor debt management.
- You can view the full VeriFone Systems Ratings Report.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider
) while those bearish on the consumer durables industry could consider
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