4 Stocks Pushing The Chemicals Industry Lower
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 modelAll three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 42 points (0.3%) at 14,338 as of Thursday, March 7, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,674 issues advancing vs. 1,197 declining with 153 unchanged.The Chemicals industry currently sits up 0.6% versus the S&P 500, which is up 0.2%.TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:4. Agrium (AGU) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Agrium is down $1.00 (-1.0%) to $103.06 on light volume Thus far, 154,409 shares of Agrium exchanged hands as compared to its average daily volume of 766,700 shares. The stock has ranged in price between $102.70-$104.44 after having opened the day at $104.31 as compared to the previous trading day's close of $104.06. Agrium Inc. engages in the retail of agricultural products and services worldwide. The company operates in three segments: Retail, Wholesale, and Advanced Technologies. Agrium has a market cap of $15.5 billion and is part of the basic materials sector. The company has a P/E ratio of 10.8, below the S&P 500 P/E ratio of 17.7. Shares are up 3.7% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Agrium a buy, 2 analysts rate it a sell, and 6 rate it a hold.TheStreet Ratings rates Agrium as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Agrium Ratings Report now.It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE
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