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 0.6%. By the end of trading, Ashland fell $1.12 (-1.2%) to $94.37 on average volume. Throughout the day, 662,182 shares of Ashland exchanged hands as compared to its average daily volume of 708,700 shares. The stock ranged in price between $94.12-$96.00 after having opened the day at $95.67 as compared to the previous trading day's close of $95.49. Other companies within the Chemicals industry that declined today were:
), down 15.9%,
), down 10.8%,
), down 10.1% and
), down 8.5%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
Ashland Inc. operates as a specialty chemicals company worldwide. The company operates through four segments: Ashland Specialty Ingredients, Ashland Water Technologies, Ashland Performance Materials, and Ashland Consumer Markets. Ashland has a market cap of $7.4 billion and is part of the basic materials sector. Shares are down 1.6% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Ashland a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, notable return on equity, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Ashland Ratings Report.
On the positive front,
), up 5.2%,
), up 4.0%,
), up 3.6% and
), up 2.9% , 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
- Find other investment ideas from our top rated ETFs lists.