Valspar Corporation (VAL): Today's Featured Chemicals Winner
(
) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day down 1%. By the end of trading, Valspar Corporation rose $2.28 (6.8%) to $36 on heavy volume. Throughout the day, 2.4 million shares of Valspar Corporation exchanged hands as compared to its average daily volume of 687,100 shares. The stock ranged in a price between $35.32-$37.41 after having opened the day at $36.61 as compared to the previous trading day's close of $33.72. Other companies within the Chemicals industry that increased today were:
(
), up 7.3%,
(
), up 7%,
Pacific Ethanol Inc
(
PEIXD
), up 7%, and
(
), up 5.5%.
The Valspar Corporation manufactures and distributes coatings, paints, and related products worldwide. The company's Coatings segment offers decorative and protective coatings for metal, wood, and plastic primarily for sale to original equipment manufacturer customers. Valspar Corporation has a market cap of $3.2 billion and is part of the
sector. The company has a P/E ratio of 15.9, below the average chemicals industry P/E ratio of 16.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 2.2% year to date as of the close of trading on Monday.
TheStreet Ratings rates Valspar as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations 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 Valspar Ratings Report.
On the negative front,
(
), down 12.7%,
(
), down 6.7%,
(
), down 6.7%, and
TOR Minerals International Inc
(
), down 6.6%, were all losers within the chemicals industry with
(
) being today's chemicals industry loser.
- 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
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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