Oshkosh Corporation (OSK): Today's Featured Consumer Goods 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.

Oshkosh Corporation ( OSK) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Oshkosh Corporation fell 63 cents (-1.9%) to $32.30 on light volume. Throughout the day, 740,841 shares of Oshkosh Corporation exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $32.12-$32.89 after having opened the day at $32.84 as compared to the previous trading day's close of $32.93. Other companies within the Consumer Goods sector that declined today were: Central European Distribution ( CEDC), down 7%, Crumbs Bake Shop ( CRMB), down 5.5%, Tianli Agritech ( OINK), down 5.3%, and Zuoan Fashion ( ZA), down 4.8%.
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Oshkosh Corporation designs, manufactures, and markets a range of specialty vehicles and vehicle bodies worldwide. Oshkosh Corporation has a market cap of $2.99 billion and is part of the automotive industry. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are up 10.7% year to date as of the close of trading on Friday. Currently there are five analysts that rate Oshkosh Corporation a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Oshkosh Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Hyster-Yale Materials Handling ( HY), up 15.3%, Fifth & Pacific Companies ( FNP), up 11.4%, SkyPeople Fruit Juice ( SPU), up 10.2%, and Flowers Foods ( FLO), up 9.6%, were all gainers within the consumer goods sector with VF Corporation ( VFC) being today's featured consumer goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

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