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.Xerox Corporation ( XRX) pushed the Consumer Durables industry higher today making it today's featured consumer durables winner. The industry as a whole closed the day down 0.8%. By the end of trading, Xerox Corporation rose $0.22 (1.8%) to $12.21 on heavy volume. Throughout the day, 24,326,674 shares of Xerox Corporation exchanged hands as compared to its average daily volume of 10,422,400 shares. The stock ranged in a price between $11.96-$12.29 after having opened the day at $11.99 as compared to the previous trading day's close of $11.99. Other companies within the Consumer Durables industry that increased today were: Elecsys Corporation ( ESYS), up 9.0%, Lifetime Brands ( LCUT), up 4.3%, Nautilus Group ( NLS), up 4.0% and Appliance Recycling Centers Of America ( ARCI), up 3.1%.
Xerox Corporation provides business process and document management services worldwide. Xerox Corporation has a market cap of $14.8 billion and is part of the technology sector. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are down 1.5% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Xerox Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold. TheStreet Ratings rates Xerox Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, notable return on equity, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.