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PPG Industries Inc. (PPG): Today's Featured Chemicals Winner

By TheStreet Wire 06/29/12 - 05:00 PM EDT

Find out if (PPG) is in Cramer's Portfolio.

PPG Industries (PPG) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day up 3.1%. By the end of trading, PPG Industries rose $2.52 (2.4%) to $106.02 on light volume. Throughout the day, 643,024 shares of PPG Industries exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in a price between $104.83-$106.17 after having opened the day at $105.22 as compared to the previous trading day's close of $103.50. Other companies within the Chemicals industry that increased today were: Cereplast (CERP), up 41.5%, Renewable Energy Group (REGI), up 16.8%, American Pacific Corporation (APFC), up 11.7%, and TPC Group (TPCG), up 10.4%.

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PPG Industries, Inc. manufactures and supplies protective and decorative coatings. PPG Industries has a market cap of $15.76 billion and is part of the basic materials sector. The company has a P/E ratio of 18.6, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 23.9% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate PPG Industries a buy, no analysts rate it a sell, and six rate it a hold.

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

You can view the full PPG Ratings Report.

Use our chemicals section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR (XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd (SBM).

Find other investment ideas from our top rated ETFs lists.

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