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 0.1%. By the end of trading, PPG Industries fell $2.31 (-1.2%) to $182.36 on heavy volume. Throughout the day, 1,355,653 shares of PPG Industries exchanged hands as compared to its average daily volume of 835,500 shares. The stock ranged in price between $181.43-$184.50 after having opened the day at $182.21 as compared to the previous trading day's close of $184.67. Other companies within the Chemicals industry that declined today were:
), down 5.9%,
), down 5.1%,
), down 4.1% and
), down 4.0%.
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PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $26.0 billion and is part of the basic materials sector. The company has a P/E ratio of 25.7, above the S&P 500 P/E ratio of 17.7. Shares are down 2.6% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate PPG Industries 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 impressive record of earnings per share growth, revenue growth, expanding profit margins, increase in net income and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full PPG Industries Ratings Report.
On the positive front,
), up 32.8%,
), up 8.3%,
), up 5.1% and
), up 4.8% , 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.