What's happening with chemical companies?

2014-12-17 07:57:01

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An aggregated price of chemical companies (Albemarle Corporation, FMC Corporation, W.R. Grace & Co., Huntsman Corporation, NewMarket Corporation, Rockwood Holdings) decreased by 8.5 percent since 5th December.

Few days ago Huntsman Corporation revealed that it's going to close its pigments plant in Europe due to a weak demand for titanum dioxide. In October Huntsman acquired seven plants from Rockwood Corporation. Expected cost of close amounts to $124 million or 100 million euros. Traders reacted negatively on this information and the stock price of Huntsman felt by 6.1 percent on Thursday.

Yesterday Nomura iniciated a coverage on Huntsman stocks with a "buy" recommendation. In opinion of analysts the stock’s valuation “more than accounts for risks.”

Eleven days ago Zacks Equity Research upgraded its recommendation on Rockwood stocks to "strong buy". The reason is a good financial performance and benefits associated with Rockwood acquisition.

Albemarle announced closing of 700 million euros notes offering. The collected resources will be spent on Rockwood acquisition and related fees.

Here are basic statistics concerning the stocks:

Average Market Capitalization: $6.08 M
Median Market Capitalization: $6 M

Average P/E Ratio: 19.24
Median P/E Ratio: 15.03
Weighted Average P/E Ratio: 19.35

Average P/BV Ratio: 5.91
Median P/BV Ratio: 2.22
Weighted Average P/BV Ratio: 6.06

Average ROE: 34.38%
Median ROE: 24.74%
Weighted Average ROE: 34.09%

Average Current Ratio: 2.35
Median Current Ratio: 1.99
Weighted Average Current Ratio: 2.27

Average Debt Ratio: 0.96
Median Debt Ratio: 0.76
Weighted Average Debt Ratio: 1.03

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Chemical companies

Specialty Chemicals, Chemicals - Major Diversified, Synthetics
Trend Strength: *****, Trend move: -8.5% Trend start: Friday, 2014-12-05 09:30

Motif instruments:


Important news:

UPDATE: Nomura Initiates Coverage On Huntsman
Huntsman Plans to Shut Europe Plant as Pigments Weaken
Albemarle ALB Closes Notes Offering for Rockwood Buy
Rockwood Upgraded to Strong Buy on Solid Q3 Earnings






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