Xerox Corporation (XRX): Today's Featured Consumer Durables Laggard

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 lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Xerox Corporation fell $0.30 (-2.5%) to $11.76 on heavy volume. Throughout the day, 23,153,730 shares of Xerox Corporation exchanged hands as compared to its average daily volume of 10,150,600 shares. The stock ranged in price between $11.67-$12.00 after having opened the day at $11.97 as compared to the previous trading day's close of $12.06. Other companies within the Consumer Durables industry that declined today were: Black Diamond ( BDE), down 10.4%, SGOCO Group ( SGOC), down 6.6%, Global-Tech Advanced Innovations ( GAI), down 6.5% and Elecsys Corporation ( ESYS), down 5.7%.

Xerox Corporation provides business process and document management services worldwide. Xerox Corporation has a market cap of $14.9 billion and is part of the technology sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are down 0.9% year to date as of the close of trading on Wednesday. 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Ethan Allen Interiors ( ETH), up 7.6%, Natuzzi SPA ( NTZ), up 4.9%, Spectrum Brands Holdings ( SPB), up 1.7% and Appliance Recycling Centers Of America ( ARCI), up 1.6% , were all gainers within the consumer durables industry with Leggett & Platt ( LEG) being today's featured consumer durables industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the consumer durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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