Xerox Corporation (XRX): 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.

Xerox Corporation ( XRX) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Xerox Corporation fell 11 cents (-1.4%) to $7.53 on average volume. Throughout the day, 13.4 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 10.7 million shares. The stock ranged in price between $7.48-$7.65 after having opened the day at $7.61 as compared to the previous trading day's close of $7.64. Other companies within the Consumer Durables industry that declined today were: SGOCO Group ( SGOC), down 6.4%, Elecsys Corporation ( ESYS), down 4%, Canon ( CAJ), down 3.5%, and Johnson Outdoors ( JOUT), down 3%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Xerox Corporation provides business process and information technology (IT) outsourcing, and document management services worldwide. Xerox Corporation has a market cap of $9.72 billion and is part of the technology sector. The company has a P/E ratio of 8.5, below the S&P 500 P/E ratio of 17.7. Shares are up 12% year to date as of the close of trading on Friday. Currently there are three 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 hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the positive front, Manchester United PLC Class A ( MANU), up 7.5%, Global-Tech Advanced Innovations ( GAI), up 5.8%, Furniture Brands International ( FBN), up 5.6%, and Marine Products Corporation ( MPX), up 5.6%, were all gainers within the consumer durables industry with Sony Corporation ( SNE) 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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Someone Has Been Buying Xerox Aggressively

The Truth Behind Middle America's Resentment of Cosmopolitan 'Elites'

The Retail Apocalypse Is About to Descend on Wall Street This Coming Week