Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Air Products & Chemicals fell $1.45 (-1.3%) to $109.72 on light volume. Throughout the day, 666,271 shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 1,089,800 shares. The stock ranged in price between $109.51-$111.61 after having opened the day at $111.17 as compared to the previous trading day's close of $111.17. Other companies within the Chemicals industry that declined today were:
), down 6.2%,
), down 5.2%,
), down 4.9% and
), down 4.5%.
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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 $23.0 billion and is part of the basic materials sector. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 32.3% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Air Products & Chemicals a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Air Products & Chemicals
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Air Products & Chemicals Ratings Report.
On the positive front,
), up 7.8%,
), up 4.4%,
), up 3.3% and
), up 3.2% , were all gainers within the chemicals industry with
) being today's featured chemicals industry leader.
- Use our chemicals section to find industry-relevant news.
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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
- Find other investment ideas from our top rated ETFs lists.