Air Products & Chemicals Inc (APD): Today's Featured Chemicals Laggard
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
.
(
) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole was unchanged today. By the end of trading, Air Products & Chemicals fell $1.03 (-1.3%) to $78.96 on heavy volume. Throughout the day, 3.1 million shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 877,100 shares. The stock ranged in price between $77.27-$79.39 after having opened the day at $79.34 as compared to the previous trading day's close of $79.99. Other companies within the Chemicals industry that declined today were:
(
), down 14.9%,
(
), down 14.3%,
(
), down 5.6%, and
(
), down 5.1%.
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Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. Air Products & Chemicals has a market cap of $18.07 billion and is part of the basic materials sector. The company has a P/E ratio of 14.7, above the average chemicals industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 6.1% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Air Products & Chemicals a buy, no analysts rate it a sell, and seven rate it a hold.
TheStreet Ratings rates Air Products & Chemicals as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Air Products Ratings Report.
On the positive front,
(
), up 19.1%,
(
), up 6.3%,
International Flavors & Fragrances
(
), up 4.2%, and
(
), up 4.1%, were all gainers within the chemicals industry with
(
) being today's featured chemicals industry leader.
- 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
(
) while those bearish on the chemicals industry could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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