MeadWestvaco Corporation (MWV): Today's Featured Consumer Non-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

MeadWestvaco Corporation ( MWV) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day up 0.8%. By the end of trading, MeadWestvaco Corporation fell $0.53 (-1.5%) to $35.77 on average volume. Throughout the day, 1,796,928 shares of MeadWestvaco Corporation exchanged hands as compared to its average daily volume of 1,205,700 shares. The stock ranged in price between $35.20-$36.17 after having opened the day at $35.97 as compared to the previous trading day's close of $36.30. Other companies within the Consumer Non-Durables industry that declined today were: Tandy Brands Accessories ( TBAC), down 9.3%, RG Barry Corporation ( DFZ), down 4.9%, Verso Paper ( VRS), down 3.4% and Orient Paper ( ONP), down 2.8%.
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MeadWestvaco Corporation provides packaging solutions to healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries worldwide. MeadWestvaco Corporation has a market cap of $6.4 billion and is part of the consumer goods sector. The company has a P/E ratio of 37.4, above the S&P 500 P/E ratio of 17.7. Shares are up 13.9% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate MeadWestvaco Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates MeadWestvaco Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Cooper Tire & Rubber Company ( CTB), down 7.4%, Goodyear Tire & Rubber ( GT), down 7.0%, Ever-Glory International Group ( EVK), down 6.2% and ACCO Brands ( ACCO), down 4.3% , were all gainers within the consumer non-durables industry with Coach ( COH) being today's featured consumer non-durables industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider Consumer Staples Select Sector SPDR ( XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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