Jarden Corporation (JAH): Today's Featured Consumer Durables Laggard

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.

Jarden Corporation ( JAH) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Jarden Corporation fell $2.70 (-5.1%) to $49.95 on heavy volume. Throughout the day, 2.1 million shares of Jarden Corporation exchanged hands as compared to its average daily volume of 958,100 shares. The stock ranged in price between $48.64-$52.81 after having opened the day at $52.80 as compared to the previous trading day's close of $52.65. Other companies within the Consumer Durables industry that declined today were: Appliance Recycling Centers ( ARCI), down 6.8%, Elecsys Corporation ( ESYS), down 5.6%, Cobra Electronics Corporation ( COBR), down 2.9%, and A. T. Cross Company ( ATX), down 2.9%.
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Jarden Corporation manufactures, sources, and sells consumer products worldwide. Jarden Corporation has a market cap of $4.21 billion and is part of the consumer goods sector. The company has a P/E ratio of 19.3, above the average consumer durables industry P/E ratio of 19 and above the S&P 500 P/E ratio of 17.7. Shares are up 76.2% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate Jarden Corporation a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Jarden Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Libbey ( LBY), up 13.4%, Brunswick Corporation ( BC), up 11.3%, Kid Brands ( KID), up 4.3%, and Generac Holdings ( GNRC), up 3.2%, were all gainers within the consumer durables industry with Pitney Bowes ( PBI) being today's featured consumer durables industry leader.

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).

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