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) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.3%. By the end of trading, PPG Industries rose $2.01 (1.2%) to $166.65 on light volume. Throughout the day, 456,176 shares of PPG Industries exchanged hands as compared to its average daily volume of 624,700 shares. The stock ranged in a price between $164.79-$166.96 after having opened the day at $164.79 as compared to the previous trading day's close of $164.64. Other companies within the Basic Materials sector that increased today were:
), up 57.9%,
), up 37.0%,
), up 25.4% and
), up 18.1%.
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PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $23.4 billion and is part of the chemicals industry. Shares are up 20.8% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate PPG Industries a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations 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 PPG Industries Ratings Report.
On the negative front,
), down 16.9%,
), down 16.1%,
), down 10.0% and
), down 9.6% , were all laggards within the basic materials sector with
) being today's basic materials sector laggard.
- Use our basic materials section to find sector-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 basic materials sector could consider
) while those bearish on the basic materials sector could consider
- Find other investment ideas from our top rated ETFs lists.