Pitney Bowes Inc (PBI): 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.

Pitney Bowes ( PBI) 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, Pitney Bowes fell $0.51 (-2.4%) to $21.13 on average volume. Throughout the day, 4,449,849 shares of Pitney Bowes exchanged hands as compared to its average daily volume of 3,923,700 shares. The stock ranged in price between $21.01-$21.93 after having opened the day at $21.62 as compared to the previous trading day's close of $21.64. Other companies within the Consumer Durables industry that declined today were: Entertainment Gaming Asia ( EGT), down 8.5%, Marine Products Corporation ( MPX), down 6.6%, Xerox Corporation ( XRX), down 5.6% and Johnson Outdoors ( JOUT), down 4.3%.

Pitney Bowes Inc. provides software, hardware, and services to enable physical and digital communications in the United States and internationally. Pitney Bowes has a market cap of $4.5 billion and is part of the consumer goods sector. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are down 7.1% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Pitney Bowes a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Pitney Bowes as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Virco Manufacturing Corporation ( VIRC), up 4.7%, Daktronics ( DAKT), up 3.0% and Nova Lifestyle ( NVFY), up 1.6% , were all gainers within the consumer durables industry with Fossil Group ( FOSL) 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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