Xerox Corporation (XRX): Today's Featured Consumer Durables Loser

Xerox Corporation ( XRX) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables loser. The industry as a whole closed the day up 0.4%. By the end of trading, Xerox Corporation fell 10 cents (-1.3%) to $7.84 on light volume. Throughout the day, 7.3 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 12.6 million shares. The stock ranged in price between $7.61-$7.90 after having opened the day at $7.62 as compared to the previous trading day's close of $7.94. Other company's within the Consumer Durables industry that declined today were: LSI Industries ( LYTS), down 6.2%, LJ International ( JADE), down 6.2%, US Home Systems ( USHS), down 4.5%, and Cascade Microtech ( CSCD), down 3.6%.

Xerox Corporation provides business process and information technology (IT) outsourcing, and document management services worldwide. Xerox Corporation has a market cap of $10.7 billion and is part of the consumer goods sector. The company has a P/E ratio of 8.8, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 0.3% year to date as of the close of trading on Tuesday. Currently there are four analysts that rate Xerox Corporation a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates Xerox Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Leapfrog ( LF), up 9.1%, Universal Electronics ( UEIC), up 7.6%, Generac Holdings ( GNRC), up 6.7%, and Chromcraft Revington ( CRC), up 4.9%, were all gainers within the consumer durables industry with Newell Rubbermaid ( NWL) being today's featured consumer durables industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the consumer durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

null

More from Markets

Global Stocks Ease as Investors Focus on Dollar, Oil, Italy After US-China Truce

Global Stocks Ease as Investors Focus on Dollar, Oil, Italy After US-China Truce

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again