Ingredion Inc (INGR): Today's Featured Consumer Goods Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ingredion ( INGR) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole was unchanged today. By the end of trading, Ingredion rose $0.90 (1.4%) to $67.61 on light volume. Throughout the day, 269,492 shares of Ingredion exchanged hands as compared to its average daily volume of 600,300 shares. The stock ranged in a price between $66.70-$67.65 after having opened the day at $66.90 as compared to the previous trading day's close of $66.71. Other companies within the Consumer Goods sector that increased today were: SGOCO Group ( SGOC), up 15.9%, Coldwater Creek ( CWTR), up 10.8%, Agria Corporation ( GRO), up 7.2% and Swisher Hygiene ( SWSH), up 5.2%.

Ingredion Incorporated, together with its subsidiaries, manufactures and sells starch and sweetener ingredients in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa. Ingredion has a market cap of $5.2 billion and is part of the food & beverage industry. Shares are up 4.2% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Ingredion a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Ingredion as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Forward Industries ( FORD), down 5.1%, Quantum Fuel Systems Technologies Worldwide ( QTWW), down 4.9%, Elecsys Corporation ( ESYS), down 4.6% and Patrick Industries ( PATK), down 4.4% , were all laggards within the consumer goods sector with Harman International Industries ( HAR) being today's consumer goods sector laggard.

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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