5 Worst Dow Components in April
NEW YORK (TheStreet) -- The following stocks were the biggest laggards in the Dow Jones Industrial Average during April: Bank of America
The Dow ticked up 1.59 points, or 0.01%, in April.
Bank of America
Shares of Bank of America fell 15.26% in April to close the month at $8.11.
The bank reported on April 19 first-quarter earnings of 3 cents a share on $22.5 billion in revenue. On a valuation-adjusted basis, earnings were 28 cents a share, beating analysts' estimates of 12 cents a share on $22.51 billion in revenue.
Bank of America trades at an estimated price-to-earnings ratio for next year of 7.63 times; the average for its peers is 8.23. For comparison, Citigroup
Twenty-four of the 39 analysts who cover Bank of America rated it hold. Eleven analysts gave the stock a buy rating and four rated it sell.
The stock has risen 49.46% year to date.
Shares of JPMorgan declined 6.52% in April to close at $42.98.
The bank reported on April 13 first-quarter net income on a managed basis of $5.38 billion, or $1.31 a share, down from year-earlier earnings of $5.55 billion, or $1.29 a share.
JPMorgan's forward P/E is 7.69; the average for its peers is 8.23. For comparison, Morgan Stanley
Thirty-five of the 40 analysts who cover JPMorgan rated it buy; five analysts gave the stock a hold rating.
The stock has risen 31.7% year to date.
Procter & Gamble
Shares of Procter & Gamble fell 5.31% in April to $63.64.
The consumer products company reported third-quarter earnings on April 27 of $2.4 billion, or 82 cents a share, down from year-earlier earnings of $2.9 billion, or 96 cents a share. The company's third-quarter results from this year included a 13 cents a share charge related to restructuring.
Procter & Gamble's forward P/E is 15.13; the average for nondurable household products is 13.9. For comparison, Clorox
Seventeen of the 28 analysts who cover Procter & Gamble rated it buy. Nine analysts gave the stock a hold rating and two rated it sell.
The stock has fallen 4.71% year to date.
Shares of Cisco dropped 4.7% in April to $20.16.
The technology company announced earlier this month that it intends to acquire network management company ClearAccess. Cisco is interested in the software portion of the company; financial terms were not disclosed.
Shares of Cisco hit a 52-week high on April 2 of $21.30. The stock's 52-week low of $13.30 was set on Aug. 9.
Cisco's forward P/E is 10.14; the average for telecommunications equipment companies is 30.62. For comparison, Corning
Twenty-six of the 48 analysts who cover Cisco rated it buy. Twenty analysts gave the stock a hold rating and two rated it sell.
The stock has risen 10.51% year to date.
Shares of Wal-Mart fell 3.74% in April to $58.91.
The New York Times reported on April 23 that Wal-Mart was alleged to be using bribes in Mexico to help the company open stores faster.
Wal-Mart's forward P/E is 11.12; the average for broad-line retailers is 19.73. For comparison, Target
Eighteen of the 34 analysts gave the stock a hold rating. Fifteen analysts rated Wal-Mart buy and one gave it a sell rating.
The stock has fallen 1.15% year to date.
>>To see these stocks in action, visit the 5 Worst Dow Components in April portfolio on Stockpickr.
-- Written by Alexandra Zendrian
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