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

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 higher today making it today's featured chemicals winner. The industry as a whole closed the day up 0.1%. By the end of trading, PPG Industries rose $2.38 (1.8%) to $132.68 on light volume. Throughout the day, 1.7 million shares of PPG Industries exchanged hands as compared to its average daily volume of 3.5 million shares. The stock ranged in a price between $130.63-$133.06 after having opened the day at $130.79 as compared to the previous trading day's close of $130.30. Other companies within the Chemicals industry that increased today were: Ikonics Corporation ( IKNX), up 6.8%, Metabolix ( MBLX), up 3.6%, PetroLogistics ( PDH), up 3.3%, and REX American Resources ( REX), up 3%.
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PPG Industries, Inc. manufactures and supplies protective and decorative coatings. PPG Industries has a market cap of $18.86 billion and is part of the basic materials sector. The company has a P/E ratio of 21.8, above 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. Currently there are 12 analysts that rate PPG Industries a buy, no analysts rate it a sell, and six 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, expanding profit margins, solid stock price performance, growth in earnings per share and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, American Pacific Corporation ( APFC), down 12.6%, Chemtura Corporation ( CHMT), down 11.8%, BioFuel Energy Corporation ( BIOF), down 6.5%, and Pacific Ethanol ( PEIX), down 6.1%, were all laggards within the chemicals industry with Axiall ( AXLL) being today's chemicals industry laggard.

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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