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 up 1.2%. By the end of trading, Xerox Corporation rose $0.44 (4.2%) to $11.05 on heavy volume. Throughout the day, 25,420,137 shares of Xerox Corporation exchanged hands as compared to its average daily volume of 11,027,300 shares. The stock ranged in a price between $10.66-$11.10 after having opened the day at $10.67 as compared to the previous trading day's close of $10.61. Other companies within the Consumer Durables industry that increased today were: Pitney Bowes ( PBI), up 19.0%, Harman International Industries ( HAR), up 17.4%, Spectrum Brands Holdings ( SPB), up 10.3% and Harbinger Group ( HRG), up 7.7%.
Xerox Corporation provides business process and document management services worldwide. Xerox Corporation has a market cap of $13.4 billion and is part of the technology sector. The company has a P/E ratio of 36.3, above the S&P 500 P/E ratio of 17.7. Shares are down 12.8% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Xerox Corporation a buy, 2 analysts rate it a sell, and 1 rates 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.