5 Stocks Pulling The Diversified Services Industry Downward
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 62 points (-0.4%) at 15,060 as of Wednesday, June 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 760 issues advancing vs. 2,254 declining with 88 unchanged.
The Diversified Services industry currently sits down 0.47 versus the S&P 500, which is down 0.61. On the negative front, top decliners within the industry include Avis Budget Group (CAR), down 2.51, Fidelity National Information Services (FIS), down 1.08 and Verisk Analytics (VRSK), down 1.09.
TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:
5. H&R Block (HRB) is one of the companies pushing the Diversified Services industry lower today. As of noon trading, H&R Block is down $0.43 (-1.5%) to $28.97 on light volume Thus far, 1.0 million shares of H&R Block exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $28.84-$29.52 after having opened the day at $29.52 as compared to the previous trading day's close of $29.40.
H&R Block, Inc., through its subsidiaries, engages in the provision of tax preparation and related services to the general public in the United States, Canada, and Australia. H&R Block has a market cap of $8.1 billion and is part of the services sector. The company has a P/E ratio of 25.8, above the S&P 500 P/E ratio of 17.7. Shares are up 58.3% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate H&R Block a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates H&R Block as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. Get the full H&R Block Ratings Report now.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.