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.
Manitowoc (
MTW) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Manitowoc fell 24 cents (-1.2%) to $19.06 on light volume. Throughout the day, two million shares of Manitowoc exchanged hands as compared to its average daily volume of 2.9 million shares. The stock ranged in price between $18.84-$19.50 after having opened the day at $19.50 as compared to the previous trading day's close of $19.30. Other companies within the Industrial industry that declined today were:
Bonso Electronics International (
BNSO), down 8.4%,
CUI Global (
CUGI), down 5.8%,
3D Systems Corporation (
DDD), down 5.2%, and
China BAK Battery (
CBAK), down 5%.
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The Manitowoc Company, Inc. engages in the design, manufacture, and sale of cranes and related products, and foodservice equipment worldwide. It operates through two segments, Cranes and Related Products, and Foodservice Equipment. Manitowoc has a market cap of $2.41 billion and is part of the industrial goods sector. The company has a P/E ratio of 23.9, above the S&P 500 P/E ratio of 17.7. Shares are up 23.1% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate Manitowoc a buy, no analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates Manitowoc as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity 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.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
SPDR Dow Jones Industrial Average (
DIA) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials (
SIJ).
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