Air Products & Chemicals Inc (APD): 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

Air Products & Chemicals ( APD) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day up 1.4%. By the end of trading, Air Products & Chemicals fell $1.11 (-1.3%) to $85.18 on heavy volume. Throughout the day, 2,121,960 shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 1,010,500 shares. The stock ranged in price between $84.53-$86.40 after having opened the day at $85.72 as compared to the previous trading day's close of $86.29. Other companies within the Chemicals industry that declined today were: Ceres ( CERE), down 4.2%, Gulf Resources ( GURE), down 3.7%, Gevo ( GEVO), down 3.4% and Pacific Ethanol ( PEIX), down 3.1%.
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Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. Air Products & Chemicals has a market cap of $17.8 billion and is part of the basic materials sector. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 2.7% year to date as of the close of trading on Monday.

TheStreet Ratings rates Air Products & Chemicals as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Braskem ( BAK), down 7.3%, LSB Industries ( LXU), down 7.2%, American Pacific Corporation ( APFC), down 6.3% and REX American Resources ( REX), down 6.0% , were all gainers within the chemicals industry with LyondellBasell Industries ( LYB) being today's featured chemicals industry leader.

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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