TRW Automotive Holdings (
TRW) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day up 0.3%. By the end of trading, TRW Automotive Holdings rose 41 cents (1.1%) to $37.88 on average volume. Throughout the day, 981,754 shares of TRW Automotive Holdings exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in a price between $37.45-$38.45 after having opened the day at $37.46 as compared to the previous trading day's close of $37.47. Other companies within the Automotive industry that increased today were:
Motorcar Parts of America (
MPAA), up 6.9%,
Quantum Fuel Systems Technologies Worldwide (
QTWW), up 4.3%,
Titan International (
TWI), up 3%, and
Tenneco (
TEN), up 2.9%.
TRW Automotive Holdings Corp., together with its subsidiaries, designs, manufactures, and sells automotive systems, modules, and components for automotive original equipment manufacturers (OEM) and related aftermarkets. TRW Automotive Holdings has a market cap of $4.6 billion and is part of the
consumer goods sector. The company has a P/E ratio of 4.5, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 14.9% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate TRW Automotive Holdings a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates TRW Automotive Holdings as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
On the negative front,
Enova Systems (
ENA), down 6.1%,
China Zenix Auto International Ltd ADR (
ZX), down 2.8%,
Shiloh Industries (
SHLO), down 2.1%, and
Standard Motor Products (
SMP), down 2.1%, were all losers within the automotive industry with
General Motors (
GM) being today's automotive industry loser.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider
Consumer Discretionary Sel Sec SPDR (
XLY) while those bearish on the automotive industry could consider
ProShares Ultra Sht Consumer Goods (
SZK).
