4 Chemicals Stocks Pushing Industry Growth

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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 12 points (0.1%) at 15,069 as of Wednesday, May 8, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,670 issues advancing vs. 1,254 declining with 121 unchanged.

The Chemicals industry currently sits down 0.13 versus the S&P 500, which is up 0.2%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Agrium ( AGU) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Agrium is up $2.24 (2.46) to $93.29 on heavy volume Thus far, 987,735 shares of Agrium exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $91.07-$94.06 after having opened the day at $91.32 as compared to the previous trading day's close of $91.05.

Agrium Inc. engages in the retail of agricultural products and services. The company operates through three segments: Retail, Wholesale, and Advanced Technologies. Agrium has a market cap of $13.5 billion and is part of the basic materials sector. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are down 8.8% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Agrium a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Agrium as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Agrium Ratings Report now.

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