) pushed the Chemicals industry lower today making it today's featured Chemicals loser. The industry as a whole closed the day down 0.6%. By the end of trading, Potash Corporation of Saskatchewan Inc fell 98 cents (-2.4%) to $40.67 on light volume. Throughout the day, 3.8 million shares of Potash Corporation of Saskatchewan Inc exchanged hands as compared to its average daily volume of 8.5 million shares. The stock ranged in price between $40.54-$41.59 after having opened the day at $41.27 as compared to the previous trading day's close of $41.65. Other company's within the Chemicals industry that declined today were:
), down 5.6%,
), down 5.5%,
), down 3.9%, and
), down 3.6%.
Potash Corporation of Saskatchewan Inc. produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. Potash Corporation of Saskatchewan Inc has a market cap of $36.16 billion and is part of the
sector. The company has a P/E ratio of 12.5, below the average chemicals industry P/E ratio of 12.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 19.3% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Potash Corporation of Saskatchewan as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Potash Corporation of Saskatchewan Ratings Report.
On the positive front,
), up 6%,
), up 4.1%,
Pacific Ethanol Inc
), up 4.1%, and
), up 3.5%, were all gainers within the chemicals industry with
) being today's featured chemicals industry winner.
- 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.