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) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day down 0.1%. By the end of trading, Eastman Chemical Company rose $1.99 (2.6%) to $77.96 on heavy volume. Throughout the day, 3,472,841 shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1,587,900 shares. The stock ranged in a price between $76.25-$79.76 after having opened the day at $77.20 as compared to the previous trading day's close of $75.97. Other companies within the Chemicals industry that increased today were:
), up 32.8%,
), up 8.3%,
), up 5.1% and
), up 4.8%.
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Eastman Chemical Company, a specialty chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical Company has a market cap of $11.5 billion and is part of the basic materials sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are down 7.5% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Eastman Chemical Company
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Eastman Chemical Company Ratings Report.
On the negative front,
), down 5.9%,
), down 5.1%,
), down 4.1% and
), down 4.0% , were all laggards within the chemicals industry with
) being today's chemicals industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider
) while those bearish on the chemicals industry could consider
- Find other investment ideas from our top rated ETFs lists.