PPG Industries Inc. (PPG): Today's Featured Chemicals Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

PPG Industries ( PPG) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day down 0.2%. By the end of trading, PPG Industries fell $4.21 (-2.9%) to $140 on heavy volume. Throughout the day, 6.2 million shares of PPG Industries exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $137.17-$141.75 after having opened the day at $138.75 as compared to the previous trading day's close of $144.21. Other companies within the Chemicals industry that declined today were: Ceres ( CERE), down 4.7%, CVR Partners ( UAN), down 4.3%, Flexible Solutions International ( FSI), down 4.3%, and Verenium Corporation ( VRNM), down 4%.
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PPG Industries, Inc. manufactures and supplies protective and decorative coatings. PPG Industries has a market cap of $22.08 billion and is part of the basic materials sector. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 6% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate PPG Industries a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates PPG Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR ( XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd ( SBM).

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