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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 1.7%. By the end of trading, PPG Industries rose $6.06 (3.3%) to $187.84 on average volume. Throughout the day, 934,019 shares of PPG Industries exchanged hands as compared to its average daily volume of 708,900 shares. The stock ranged in a price between $182.96-$187.96 after having opened the day at $185.00 as compared to the previous trading day's close of $181.78. Other companies within the Chemicals industry that increased today were: Metabolix ( MBLX), up 52.3%, Synthesis Energy Sys ( SYMX), up 8.7%, Rockwood Holdings ( ROC), up 4.4% and Taminco ( TAM), up 4.0%.

PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $26.0 billion and is part of the basic materials sector. The company has a P/E ratio of 23.0, above the S&P 500 P/E ratio of 17.7. Shares are up 34.3% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate PPG Industries a buy, no analysts rate it a sell, and 4 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, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Rentech Nitrogen Partners ( RNF), down 2.2%, Intrepid Potash ( IPI), down 2.1%, Ferrellgas Partners ( FGP), down 1.9% and Amyris ( AMRS), down 1.8% , were all laggards within the chemicals industry with CF Industries Holdings ( CF) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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