iShares US Basic Materials
Tracking Urea Price Movement during the Week Ending April 22
In 2013, about 54% of global ammonia was upgraded to urea, according to FERTECON. But urea prices have rebounded from their lows at the beginning of 2016.
W.R. Grace Signs a Spree of New Contracts
On November 27 and 28, 2017, W.R. Grace (GRA) signed a spree of new contracts for its Unipol license.
Why Did LyondellBasell’s 3Q16 Earnings Miss Estimates?
LyondellBasell (LYB) reported adjusted EPS (earnings per share) of $2.31 in 3Q16 compared to $2.80 in 3Q15, implying a fall of 17.5%.
Is CF Industries’ Valuation Justified?
Valuation multiples CF Industries (CF) has performed dismally in 2016. With the stock returning -41% YTD (year-to-date), it has left some investors in an uncomfortable position. In this part, we’ll discuss CF’s valuation multiple and compare it with that of peers (IYM). Multiples trading higher Recently, the forward PE (price-to-earnings) multiples of the four major […]
Axalta’s 4Q16 Adjusted EPS Manages to Meet Expectations
Axalta Coating Systems (AXTA) reported adjusted EPS (earnings per share) of $0.29 for 4Q16 and managed to meet analysts’ expectation of $0.29.
Will PPG Industries’ Glass Segment Cease to Exist in 3Q16?
In 2Q16, PPG Industries’ Glass segment contributed ~7% of total revenue, reporting revenue of $282 million in 2Q16, as compared to $279 million in 2Q15.
What Does Freeport-McMoRan’s Rebound Mean for Investors?
The upward momentum in Freeport could keep bears at bay for some time.
Weekly Price Update: Coal Price Index Remained Unchanged
According to the U.S. EIA, for the first time natural gas will be the largest fuel source for energy. Natural gas should pass coal in 2016, which may explain why coal prices are low.
How Trump’s Trade Moves Could Affect Some Sectors
President Trump’s proposal to spend heavily on infrastructure could have significant implications on the materials and industrials sectors.
Monsanto’s 12-Month Ratings and Price Targets: Must-Knows
As of June 24, 2016, Monsanto (MON) was trading at ~$108.9 per share. Let’s look at Wall Street analyst ratings and target prices for the company’s share price over the next 12 months.
How Does the Next 12-Month Price Target for Agrium Look?
Out of 25 analysts surveyed, about 48% of the analysts have “buy” recommendations for Agrium. About 48% of analysts have issued “hold” recommendations and only 4% have issued “sell” recommendations.
Apple’s Premium Pricing Strategy, Product Differentiation
Steve Jobs’s vision for Apple was always to create a premier product and charge a premium price. Here’s how that strategy has worked out.
Valuation Multiple Update for CVR Partners after Its 4Q15 Earnings
After CVR Partners’ 4Q15 earnings release, its valuation fell to 7.5x from 8.8x. As of February 21, it was trading close to the peer median of 7.3x.
What Are Agrium’s Ratings and Price Targets for Next 12 Months?
Analysts are equally divided between “buy” and “hold” ratings for Agrium (AGU). Of the 25 analysts surveyed by Bloomberg, about 48% have “buy” recommendations as of May 5.
Valuation Multiples for Agricultural Chemicals after Brexit
In this part of the series, we’ll look at agricultural fertilizer producers’ valuations from their historical standpoints. Over the long run, valuation multiples impact a company’s share price.
What Are LyondellBasell’s Global Rankings?
LyondellBasell (LYB) is the leading global producer of olefins and polyolefins.
Mosaic’s 3Q16 Gross Margin Is Expectated to Contract
In 2Q16, the Phosphate segment contributed close to 66% toward Mosaic’s gross margin, while the Potash segment contributed 33%.
Why Ammonia Prices Are Falling
The average price of ammonia for the week ending March 4, 2016, stood at $310 per metric ton compared to $311 per metric ton a week ago.
Weekly Price Update: How Did the Coal Price Index Move?
For the week ending March 18, the pet coke index remained unchanged compared to a week ago.
Why Is Praxair Trading at a Discount Compared to Peers?
On December 9, Praxair was trading at a one-year forward PE ratio of 21.0x, as compared to Air Products and Chemicals’ one-year forward PE ratio of 22.9x.
Axalta’s General Counsel Stepped Down
In a press release of November 21, Axalta (AXTA) announced that Michael Finn, the company’s general counsel, stepped down.
Praxair Approaches Linde AG for Merger Talks—Again
On August 16, 2016, both companies were engaged in preliminary merger talks, but on September 12, merger plans were dropped due to strategic considerations.
Where Global Potash Shipments Will Come from in 2017
China and India should show rises in potash demand compared to 2016, as both these countries delayed their contract settlements during the year.
How Did Urea Prices Move Last Week?
China is the largest exporter of urea, which saw an increase in prices in the previous week ended March 18.
A Quick Look at DuPont’s Valuation ahead of Its 4Q16 Earnings
On January 18, 2017, DuPont was trading at a one-year forward PE of 19.80x compared to its peers Dow Chemical (DOW) and LyondellBasell (LYB).
How Coal Prices Moved for the Week Ended April 15
Coal prices, like natural gas prices, have hit a low point due to a low demand and excess supply imbalance. Recently, natural gas prices have ticked up while coal prices are mostly unchanged.
Will PPG Industries’ Q1 Revenues Fall?
Analysts expect PPG Industries (PPG) to post revenues of $3.68 billion in its first-quarter earnings release.
Why PPG Industries’ Adjusted Q1 Earnings Might Fall
In a press release on March 27, PPG Industries (PPG) said that it would announce its first-quarter earnings on April 18 before the market opens.
APD’s Dividend Yield Fell despite the Higher Dividend
As of March 28, Air Products and Chemicals’ dividend yield was 2.45%—30 basis points less than the fourth-quarter dividend yield of 2.75%.
PPG Industries Appoints a Director of Government Affairs
In a press release on March 19, PPG Industries (PPG) announced that it appointed Emily Elizer as the director of government affairs.
DowDuPont’s Key Dividend Dates Are Approaching
In a press release on February 14, DowDuPont (DWDP) announced its regular quarterly dividend for the first quarter.
DowDuPont Feels the Currency Heat in Q4—Down More than 8% Today
DowDuPont (DWDP) announced its fourth-quarter earnings results on January 31, 2019.
What Caused PPG’s Q4 2018 Revenue to Fall?
For the fourth quarter, PPG Industries (PPG) reported revenue of $3.64 billion, a fall of 1.0% YoY (year-over-year).
Axalta: ‘Sahara’ Is the 2019 Automotive Color of the Year
On January 10, Axalta (AXTA) choose ‘Sahara,’ a golden bronze tone, as the 2019 automotive color of the year.
Hanwha Total Petrochemical: W.R. Grace’s New Order
On January 8, W.R. Grace (GRA) announced that it got a new order for its UNIPOL PP Process Technology.
APD to Build Second Hydrogen Plant in California
On January 7, Air Products and Chemicals (APD) announced that it plans to build a second liquid hydrogen plant in California.
Axalta Signs a Three-Year Global Alliance with Plenham
On January 4, Axalta (AXTA) announced a three-year global alliance with Plenham—the parent company of Bodyshop and IBIS Worldwide.
Axalta Entered a Collaboration with Allure Industries
On December 21, Axalta (AXTA) announced that it entered into a collaboration with Allure Industries.
Air Products and Chemicals Increases Gas Prices in North America
On December 17, Air Products and Chemicals (APD) announced that it would increase the prices of bulk and industrial gases.
Porsche Approved Axalta’s Three Premium Brands
On December 6, Axalta (AXTA) announced that it received approval from Porsche to use Axalta’s three premium refinish brands.
LyondellBasell’s Dividend Yield Peaked
As of the close on December 6, LyondellBasell’s (LYB) dividend yield was 4.53%—the highest yield in the past six years on a sequential basis.
Is Eastman Chemical Undervalued Compared to Its Peers?
As of November 28, Eastman Chemical was trading at a one-year forward PE multiple of 8.7x, which is below the two-year average of 10.5x.
APD’s Q4 Adjusted EPS Beat the Estimates, Stock Rose
Air Products and Chemicals (APD) announced its fourth-quarter earnings on November 6. The company reported an adjusted EPS of $2.00.
DowDuPont Stock Rose on Better-than-Expected Earnings
DowDuPont (DWDP) announced its Q3 earnings before the market opened on November 1.
APD’s Q4 2018 Earnings Beat Estimates, Revenues Missed
On November 6, Air Products and Chemicals reported revenues of $2.30 billion for the fourth quarter.
W.R. Grace Declares a Quarterly Dividend
On October 24, W.R. Grace (GRA) announced its regular quarterly dividend. GRA declared a dividend of $0.24 per share.
Cabot Will Participate in Vehicle Technologies Research
On October 10, Cabot (CBT) said that the Department of Energy selected the company to participate in advanced vehicle technologies research.
Cabot Plans to Increase Activated Carbon Prices Globally
On September 21, Cabot (CBT) announced that it plans to increase activated carbon prices. The price increase will be effective on October 1.
Axalta Launches New Glass and Ceramic Coatings—Eleglas
Axalta (AXTA) stock closed at $30.03 and declined ~1.1% for the week ended August 10.
Why Albemarle’s Catalysts Segment Revenue Rose despite Divestiture
Albemarle’s (ALB) Catalysts segment accounted for 33.4% of ALB’s total revenues in Q2 2018 compared to 35% in Q2 2017, a decrease of 1.6 percentage points on a YoY (year-over-year) basis.
DowDuPont Reports Q2 2018 Earnings: Beats Estimates, Stock in Red
DowDuPont (DWDP) announced its Q2 2018 earnings today. Its revenues were ~$24.24 billion, a growth of 17% year-over-year.
Can APD’s Adjusted Earnings Beat the Estimates?
Air Products and Chemicals (APD) is expected to report an adjusted EPS of $1.84 in the third fiscal quarter.
LyondellBasell Gets New Client for Its PP and LPDE Technologies
On June 9, LyondellBasell (LYB) said it would be providing its leading PP and LPDE technologies to Indonesia-based PT Chandra Asri Perkasa.
Axalta Launches Spies Hecker Permacron 257
On June 17, Axalta closed at $31.0 and declined ~2.7%. IYM, which held 1.1% in Axalta on June 15, also fell ~1.6% for the week and closed at $102.17.
W. R. Grace Bags New UNIPOL Technology Client
On April 24, W. R. Grace (GRA) announced that it would be licensing its UNIPOL PP Process Technology to Inter Pipeline to be used in its Heartland Petrochemical complex in Alberta, Canada
Air Products and Chemicals Sees Growth across the Board in 2Q18
Air Products and Chemicals’ (APD) revenue rose 9.0% YoY (year-over-year) to $2.16 billion in fiscal 2Q18, missing analysts’ estimate of $2.2 billion.
W.R. Grace Stock Spirals on 1Q18 Earnings and Revenue Beat
W.R. Grace reported revenues of $431.5 million for 1Q18 today, reflecting growth of 8.4% from 1Q17.
Why RPM’s Industrial Segment Grew in Fiscal 3Q18
RPM International’s (RPM) Industrial segment has been the largest contributor to RPM’s overall revenue, comprising 51.6% of revenue in fiscal 3Q18 and 51.0% in fiscal 3Q17.
Axalta Opened a New Color Solutions Center in Frankfurt
On March 22, 2018, Axalta (AXTA) announced that it opened a new color solutions center in Frankfurt, Germany.
Axalta Plans to Expand Its Capacity
On March 5, 2018, Axalta (AXTA) announced that it acquired a manufacturing and distribution facility in Sacramento, California.
Why Economist Argue That Tariffs Are Bad for the Economy
The recently proposed import tariffs on steel and aluminum imports by US President Donald Trump are an effort to protect the interests of US manufacturers.
W.R. Grace Declares a 14.3% Raise in Its Cash Dividends
In 2018, W.R. Grace (GRA) expects to pay a cash dividend of $0.96 per share, an increase of 14.3% over 2017.
LyondellBasell Stock Fell despite Rise in 4Q17 Earnings
LyondellBasell (LYB) announced its 4Q17 earnings on February 2, 2018. It reported adjusted EPS (earnings per share) of $2.73 compared with analysts’ estimate of $2.55.
How Did DowDuPont’s Agriculture Segment Perform in 4Q17?
DowDuPont’s (DWDP) Agriculture segment accounted for 13.9% of DWDP’s 4Q17 revenue as compared to 15.0% in 4Q16 on a proforma basis.
GRA to Provide Unipol Process Technology License to Grupa Azoty
GRA stock price gained 1.1% and closed at $74.52 for the week ended January 26, 2018.
What Could Drive LyondellBasell’s Revenue in 4Q17?
LyondellBasell (LYB) is expected to report revenues of $8.8 billion in 4Q17, an increase of 13.3% on a year-over-year basis.
DowDuPont’s Short Interest before Its 4Q17 Earnings
DowDuPont’s (DWDP) short interest has risen negligibly since its 3Q17 earnings were announced on November 2, 2017.
Analysts’ Views on DowDuPont before Its 4Q17 Earnings
Among the analysts tracking DowDuPont, 84% have recommended a “buy,” 12% have recommended a “hold,” and 4% have recommended a “sell.”
Praxair’s 4Q17 Revenue Expectations: The Driving Factors
As of January 15, 2018, analysts are expecting Praxair (PX) to post revenue of $2.8 billion for 4Q17, a 6.8% rise on a year-over-year basis.
What to Expect from PPG Industries’ Revenue Growth in 4Q17
As of January 11, 2018, analysts expect PPG Industries (PPG) to post revenues of $3.66 billion in 4Q17—an increase of 3.10% on a year-over-year basis.
RPM International’s Latest Dividend: All the Key Dates
RPM International is set to pay its first dividend for 2018. It’s expected to pay the first quarter dividend on January 31, 2018.
Huntsman’s Rising Interest Coverage Ratio Improves Investor Confidence
At the end of 3Q17, Huntsman’s interest expense stood at $134 million as compared to $153 million in 3Q16.
What Analysts Recommend for DowDuPont
The consensus target price for DWDP is $80.20 for the next 12 months, implying a return potential of 13.2% over the closing price of $70.85 on November 20, 2017.
How Wall Street Views DowDuPont ahead of 3Q17 Earnings
As of October 24, 2017, 21 analysts were actively tracking DowDuPont (DWDP) stock.
Axalta Adds a New Product to Its Internal Pipe Coatings Section
On September 11, Axalta (AXTA) announced that it’s introducing NAP-Gard 7-0015 Tan Internal FBE to its corrosion resistant internal pipe coatings line.
Wall Street Talks: Analysts’ Recommendations for PolyOne
About 67.0% of analysts covering PolyOne (POL) have recommended a “buy” for the stock, and 33.0% have recommended a “hold.”
Huntsman’s Dividend Yield Falls as Its Stock Price Rises
Huntsman’s dividend yield Dividend yields are very important for long-term investors, as they fetch a steady income. Investors prefer companies with a strong dividend yield and growth. As Huntsman (HUN) has maintained its dividend rate, we can expect it to pay a fiscal 2017 dividend of $0.50 per share At this dividend rate, Huntsman’s dividend yield […]
Chemours Has Continued Its Upward Momentum in 2017
So far in 2017, Chemours (CC) stock has given investors stunning returns. The stock has risen 128% YTD and outperformed SPY.
New Economy Product Line Will Be Part of Axalta’s Tufcote Brand
As of September 8, Axalta’s stock price is trading 9.2% below the 100-day moving average price of $31.34, which indicates the prevailing downward trend.
Analyzing LyondellBasell’s 3Q17 Dividend
LyondellBasell’s (LYB) board approved its 3Q17 dividend on August 23, 2017. LyondellBasell will pay a dividend of $0.90 per share on September 13, 2017.
W.R. Grace Made Several Acquisitions Last Week
On August 28, 2017, W.R. Grace (GRA) announced that it had entered a definitive agreement to acquire Evonik’s dental silica business.
Olin on the Street: Analysts’ Recommendations
Of the 13 analysts actively tracking Olin (OLN) over the past three months, 61% have recommended a “buy,” while 39% have recommended a “hold.”
Analysts’ Consensus on Westlake Chemical
For Westlake Chemical stock, 60% of the analysts recommended a “buy,” 33% recommended a “hold,” and 7% recommended a “sell.”
Axalta Introduces New Color to Its Alesta Portfolio
On August 24, 2017, Axalta (AXTA) introduced a new color, RAL 9006, and expanded the portfolio of Alesta AR500 powder coating.
Will Higher Dividends Push PPG Industries’ Dividend Yield?
At the end of 2Q17, PPG’s dividend payout was 24.8%. In the past five years, its EPS has remained volatile due to the fluctuation of PPG’s dividend.
Dow Chemical Commissioned All 26 Plants at Sadara
On August 14, the joint venture company of Dow Chemical (DOW) and Saudi Aramco, Sadara made the announcement that all 26 plants have been commissioned.
Axalta Acquired Plascoat Systems Limited
On August 14, 2017, Axalta (AXTA) announced that it acquired Plascoat Systems Limited—its fourth acquisition in seven months.
Why Most Wall Street Analysts Recommend a ‘Hold’ for IFF
International Flavors and Fragrances continues to work towards its 2020 vision of increasing its revenue by $500 million by way of acquisitions.
Axalta Adds to China Portfolio with Introduction of Syrox Brand
On August 11, 2017, Axalta (AXTA) introduced its waterborne refinish coating brand, Syrox, in China.
Why IFF’s Fragrances Segment’s Profit Margin Fell in 2Q17
The Fragrances segment of International Flavors and Fragrances (IFF) makes the highest contribution to IFF’s overall revenue.
Dow Chemical and DuPont Will Close the Merger Deal on August 31
All of the merger conditions have been satisfied. Dow Chemical and DuPont stock will stop trading after the close on August 31, 2017.
Chemours: Analysts’ Recommendations after Its 2Q17 Earnings
For Chemours (CC), 88% of the analysts recommended a “buy,” 12% recommended a “sell,” and none of the analysts recommended a “hold.”
Analyst Ratings for International Flavors & Fragrances before Q2
Of the 16 analysts tracking International Flavors & Fragrances (IFF), 31.0% of them have recommended a “buy” for the stock
LyondellBasell Stock Rose, Earnings Beat Estimates
LyondellBasell (LYB) announced its 2Q17 earnings on July 28, 2017. It reported EPS of $2.82—an increase of ~10.20% on a YoY (year-over-year) basis.
Dow Chemical’s 2Q17 Earnings Beat Estimates
DOW stock reacted positively to DOW’s strong 2Q17 earnings with a gain of 0.20% to close at $66.10.
DuPont’s Revenue Rose in 2Q17 Due to Higher Volumes
DuPont (DD) reported revenue of $7.42 billion in 2Q17—an increase of 5.10% on a year-over-year basis. In 2Q16, DuPont reported revenue of $7.06 billion.
Air Products and Chemicals Stock before Its Fiscal 3Q17 Earnings
Air Products and Chemicals (APD) plans to announce its fiscal 3Q17 earnings on August 1. In this series, we’ll analyze APD’s performance since its fiscal 2Q17 earnings release.
Axalta Acquires IVA’s European and Chinese Operations
On July 19, 2017, Axalta (AXTA) announced that it entered into an agreement with IVA to acquire its European and Chinese operations.
Can Dow Chemical Beat Analysts’ Operating EPS Estimates for 2Q17?
Analysts expect Dow Chemical (DOW) to post operating EPS of $1.00 in 2Q17—a rise of 5.3% on a YoY basis.
Why Analysts Expect a Turnaround for DuPont in 2Q17
DuPont (DD) is set to announce its 2Q17 earnings on July 25, before the market opens. In this series, we’ll look at DuPont’s expected revenue and analysts’ views on the stock.