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 closed the day up 0.7%. By the end of trading, Albemarle fell $0.64 (-1.0%) to $63.50 on average volume. Throughout the day, 911,096 shares of Albemarle exchanged hands as compared to its average daily volume of 749,000 shares. The stock ranged in price between $63.03-$64.51 after having opened the day at $64.32 as compared to the previous trading day's close of $64.14. Other companies within the Chemicals industry that declined today were:
), down 6.0%,
), down 2.3% and
), down 1.9%.
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Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. Albemarle has a market cap of $5.7 billion and is part of the basic materials sector. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7. Shares are up 3.3% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Albemarle a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Albemarle Ratings Report.
On the positive front,
), down 11.0%,
), down 7.8%,
), down 7.0% and
), down 5.8% , 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.
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