4 Stocks Underperforming Today In The Consumer Goods Sector

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 125 points (-0.8%) at 16,333 as of Tuesday, Jan. 21, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,733 issues advancing vs. 1,234 declining with 157 unchanged.

The Consumer Goods sector currently is unchanged today versus the S&P 500, which is down 0.1%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. Canon ( CAJ) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Canon is down $0.49 (-1.6%) to $30.73 on average volume. Thus far, 207,540 shares of Canon exchanged hands as compared to its average daily volume of 409,200 shares. The stock has ranged in price between $30.67-$31.02 after having opened the day at $31.00 as compared to the previous trading day's close of $31.22.

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 $36.0 billion and is part of the consumer durables industry. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate Canon a buy, no analysts rate it a sell, and 1 rates it a hold.

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 good cash flow from operations. 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 disappointing return on equity. Get the full Canon Ratings Report now.

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