) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day up 1.5%. By the end of trading, Ashland rose $0.96 (1.1%) to $84.81 on light volume. Throughout the day, 483,988 shares of Ashland exchanged hands as compared to its average daily volume of 1,204,100 shares. The stock ranged in a price between $84.03-$85.05 after having opened the day at $84.69 as compared to the previous trading day's close of $83.85. Other companies within the Chemicals industry that increased today were:
), up 20.8%,
), up 18.1%,
), up 7.5% and
), up 6.0%.
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Ashland Inc. operates as a specialty chemicals company in the United States and internationally. It operates through four segments: Specialty Ingredients, Water Technologies, Performance Materials, and Consumer Markets. Ashland has a market cap of $6.5 billion and is part of the basic materials sector. The company has a P/E ratio of 153.4, above the S&P 500 P/E ratio of 17.7. Shares are up 4.3% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Ashland a buy, no analysts rate it a sell, and 4 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, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Ashland Ratings Report.
On the negative front,
), down 2.8%,
), down 2.2%,
), down 2.1% and
), down 2.0%.
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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.