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

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 lower today making it today's featured Chemicals laggard. The industry as a whole closed the day up 0.3%. By the end of trading, PPG Industries fell $3.03 (-1.6%) to $187.67 on heavy volume. Throughout the day, 1,645,516 shares of PPG Industries exchanged hands as compared to its average daily volume of 746,600 shares. The stock ranged in price between $182.57-$189.89 after having opened the day at $182.57 as compared to the previous trading day's close of $190.70. Other companies within the Chemicals industry that declined today were: Amyris ( AMRS), down 7.6%, H.B. Fuller Company ( FUL), down 3.3%, BioFuel Energy Corporation ( BIOF), down 2.7% and Flexible Solutions International ( FSI), down 2.5%.

PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $27.1 billion and is part of the basic materials sector. The company has a P/E ratio of 24.0, above the S&P 500 P/E ratio of 17.7. Shares are up 0.6% year to date as of the close of trading on Wednesday. Currently there are 10 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 positive front, Pacific Ethanol ( PEIX), up 8.9%, Synthesis Energy Sys ( SYMX), up 8.7%, Metabolix ( MBLX), up 7.8% and Ceres ( CERE), up 6.2% , were all gainers within the chemicals industry with Williams Partners ( WPZ) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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