5 Consumer Durables Stocks Dragging The Industry Down

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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 14,823 as of Tuesday, April 30, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,672 issues advancing vs. 1,218 declining with 158 unchanged.

The Consumer Durables industry currently sits down 0.40 versus the S&P 500, which is unchanged.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Canon ( CAJ) is one of the companies pushing the Consumer Durables industry lower today. As of noon trading, Canon is down $0.67 (-1.8%) to $35.83 on heavy volume Thus far, 1.2 million shares of Canon exchanged hands as compared to its average daily volume of 629,800 shares. The stock has ranged in price between $35.73-$36.03 after having opened the day at $35.87 as compared to the previous trading day's close of $36.50.

Canon Inc. engages in the manufacture and sale of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and lithography equipment worldwide. Canon has a market cap of $42.0 billion and is part of the consumer goods sector. The company has a P/E ratio of 14.9, below the S&P 500 P/E ratio of 17.7. Shares are down 7.5% year to date as of the close of trading on Monday.

TheStreet Ratings rates Canon as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full Canon Ratings Report now.

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